Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters — […] Read more
China’s coronavirus testing chokes beef trade
Additional inspections, disinfections costly for importers
You can’t beat the view
Reading Time: < 1 minute It doesn’t get much prettier than this classic Alberta scene. This photo by Michael Moskaluk was taken in late October at the Elkhorn Stock Ranch in the Willow Valley.
Klassen: Feeder market incorporates risk discount
Compared to last week, western Canadian yearling prices were unchanged; however, calves weighing 550 to 800 lbs. traded $3-$5 lower. The market for calves under 550 lbs. traded $5 lower to $3 higher. Early in the week, prices were showing some strength in the lighter weight categories but buying enthusiasm waned from Wednesday through Friday. […] Read more
Klassen: Calf prices ratcheting higher
Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; mid-weight calves were also unchanged while lighter calves traded steady to as much as $6 higher. Alberta and Saskatchewan have experienced adverse weather over the past couple of weeks; however, feedlots in southern Alberta appeared to be more aggressive for […] Read more
Newfoundland beef producers backed to develop abattoirs
Three proposals get six figures each; breeding cows also provided
A provincial call for proposals to boost beef slaughter capacity in Newfoundland and Labrador has yielded three successful applicants. The provincial government on Nov. 5 announced its Beef Industry Enhancement Initiative will provide just over $1.8 million in total to its three successful proposals: $719,750 for Troy Humber of Northern Arm, about 40 km northeast […] Read more
Klassen: Feeder market experiencing bottoming behaviour
Compared to last week, western Canadian yearling prices were down $4-$6 on average; however, mid-weight and lighter calves traded $4 lower to as much as $8 higher. The market was extremely variable for calves. Early in the week, prices in the Lethbridge area were actually $10 above values from seven days earlier but this faded […] Read more
Beef deal with Japanese distributor hailed
Reading Time: < 1 minute Alberta Beef Producers is hailing a new partnership between JBS Foods Canada and Kanematsu, “a well-respected and leading food-service/distribution company based in Japan.” JBS Foods Canada said the arrangement will see Kanematsu distribute products such as the premium beef Northern Gold brand and the Canadian Diamond Black Angus brand. The partnership is exciting and reflects […] Read more
Klassen: Feeder market remains under pressure
Pre-election commodity trading in 'risk-off' mode
Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more
JBS to seek damages from founders
Brazil shareholder vote a win for Brazil's BNDES
Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more
Change, change and more change coming to Alberta Beef Producers
A long-planned major revamp is taking place at a time when producers simply can’t get together
Reading Time: 3 minutes It might be easier to tally up what isn’t new as Alberta Beef Producers heads towards the conclusion of a year that has seen unprecedented change. The pandemic has, of course, been the big one, but the province’s largest cattle organization is also implementing a major revamp of its entire governance structure at a time […] Read more
Cyber-Savvy Farmer
