For the week ending August 31, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Finishing feedlots are exuding a cautious sentiment. While order buyers had a full deck, there were upside limits. Pen-sized strings of quality yearlings traded at a premium to average values. Alberta packers were buying fed cattle […] Read more
Klassen: Feeder cattle market stabilizes
Klassen: Feeder market holds value amid economic uncertainty
Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership. Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.
U.S. livestock: CME cattle fall on rallying corn prices
Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday as corn futures rallied following the U.S. Department of Agriculture’s supply and demand report that lowered corn ending stocks, traders said. Meanwhile, hog futures were mixed as bargain buying counterbalanced seasonal price pressure. CME most-active October feeder cattle FCU24 closed down 2.05 cents at […] Read more
National Beef Strategy celebrates gains
The Canadian Beef Advisors, comprised of national beef organizations, is celebrating achieving many of the goals in the 2020-24 National Beef Strategy.
Klassen: Feeder rally stalls
For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
China shuts cattle farm after anthrax outbreak, five human infections
China's eastern Shandong province reported five people were infected with anthrax and a beef cattle farm was shut after an outbreak was discovered in the agricultural province.
CFIA won’t enforce some ritual slaughter requirements after appeal from Jewish organizations
The CFIA will no longer require three determinations of unconsciousness previously mandated for ritually slaughtered animals after a recent federal court ruling. Jewish organizations and companies had appealed the Canadian Food Inspection Agency (CFIA) regulations in court, claiming they made kosher slaughter difficult, which resulted in a disruption in supply of kosher meat in Canada.
Farm writer and political fundraiser Mark Kihn passes
After a long struggle with cancer, Mark Kihn, the former owner and publisher of the Charolais Banner, has died. Outside the beef industry, Kihn is likely best known for his work fundraising for Stephen Harper, rustling up over $3.5 million for Harper’s two leadership campaigns.
U.S. livestock: Live cattle futures surge on cash market, GDP data
Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures climbed on Thursday, as prices in the cash market rose and signs of strength appeared in the U.S. economy, market analysts said. At one point during the session, the most-active October live cattle futures contract LCV24 surged up to 189.050 cents per pound – the highest price […] Read more
Brazil beef output to hit record in 2024, Conab says
Sao Paulo | Reuters – Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, national crop agency Conab said on Thursday, a 7.1 per cent year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen reaching 3.44 million […] Read more
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