For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
Klassen: Feeder market leaps higher
Beef experts share lessons learned from three years of drought
Prairie beef farmers were forced to find new feed sources, learn new processes and make difficult decisions in managing their feed inventories in the past few years.
Klassen: Buyers tasting feeder cattle prices for fall run
For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.
Guelph Cargill strike vote to take place Saturday
Striking workers at Cargill's Dunlop beef processing plant in Guelph have a recommended memorandum of settlement in place and they will vote on the possible deal on Saturday.
JBS breaks ground on distribution and storage facility
New site promises increased logistical capacity, greater worker safety and more accuracy
Reading Time: 2 minutes JBS Canada is building a new distribution centre in Newell County, Alberta.
High moisture corn and ‘snaplage’ shine in study
Lower heat unit corn could displace some barley in feed rations
Reading Time: 3 minutes A study shows that high moisture corn and snaplage, along with the appearance of lower heat unit corn could displace barley in feed rations.
Maritime beef producers get price protection
Two-year pilot gives Maritime producers an equivalent program to the rest of the country
Producers in New Brunswick and Prince Edward Island, and soon Nova Scotia, will have access to a program that will allow them to purchase insurance on price protection for their beef cattle in case of an unforeseen market disruption.
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
Feds announce early livestock tax deferral
Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
U.S. livestock: Lean hog futures retreat as wholesale US pork prices sag
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
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