Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more
U.S. livestock: Cattle futures extend rally; hog contracts weaken
Klassen: Feeder cattle market grinds lower
Compared to last week, western Canadian yearling markets were down $2-$5 while calves dropped by $3 to as much as $8. We’re now seeing some medium-quality calves weighing around 550 lbs. sell under the psychological $200 level in central Alberta. The market is lacking demand. Feedlot inventories are running 33 per cent above the five-year […] Read more
U.S. livestock: CME cattle futures rise on support from fewer cattle placements
Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more
Beef roundtable needs producer input
Reading Time: < 1 minute The Canadian Roundtable for Sustainable Beef is updating the National Beef Sustainability Assessment and as part of that, is seeking at least 500 producers to take an online survey. “The primary data collected from farmers and ranchers across Canada through surveys is a critical piece to the credibility and success of the environmental, land use […] Read more
Walmart commits to sustainable beef in a ‘milestone moment’
Retail giant will buy 1.5 million pounds in the coming year and more in the years that follow
Reading Time: 3 minutes The effort to build production of certified sustainable beef in Canada is getting a major boost from Walmart. The retailing giant says its Canadian division will become a major buyer of beef certified by the Canadian Roundtable for Sustainable Beef (CRSB). “This is the largest public commitment made by a single retailer to date: 1.5 […] Read more
Klassen: Feeder market reflects softer sentiment
Compared to last week, western Canadian yearling markets traded $2-$4 lower; calves over 700 lbs. appeared to hold value; calves weighing less than 700 lbs. were down $3 to as much as $5. The yearling run is basically finished. Ontario buying interest was supportive in the eastern Prairie regions due to the bumper corn crop; […] Read more
Klassen: Demand for feeder cattle eases
Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000 […] Read more
Walmart stakes big claim on Canadian sustainable beef
Retailer pledges to take over 680 tonnes in 2022
The Canadian arm of the world’s biggest retailer has put a number to its previous commitment to source certified-sustainable beef for its grocery business. Walmart Canada on Thursday announced it has committed to buy 1.5 million pounds of beef sourced from farms and ranches certified to Canadian Roundtable for Sustainable Beef (CRSB) standards over the […] Read more
Brazil’s JBS bought 301,000 cattle from ‘irregular’ farms in Amazon, audit finds
Prosecutors 'negotiating improvements' with companies
Sao Paulo | Reuters — Nearly a third of the cattle bought by JBS SA in the Brazilian Amazon state of Para came from ranches with “irregularities” such as illegal deforestation, prosecutors found in a 2020 audit of the world’s largest meatpacker released on Thursday. In a presentation, federal prosecutors said they were “negotiating improvements” […] Read more
Finding treasure by taking a deep dive into cow-calf production data
Cost of Production Network opens a window on how producers like you spend and make money
Reading Time: 3 minutes An effort to create apples-to-apples benchmarking for cattle producers has released its results from 2020 — and has also issued an appeal for more producers to join the Canadian Cow-Calf Cost of Production Network. “The purpose of the network is to produce benchmarks for different production systems found across Canada,” a newly released Canfax video […] Read more
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