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
JBS to seek damages from founders
Brazil shareholder vote a win for Brazil's BNDES
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
Klassen: Feeder market grinds lower
'Is there no grain in this country?'
Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more
Beef carcass weights falling back in line
Reading Time: < 1 minute Carcass weights rose after COVID-19 disrupted processing at the Cargill and JBS beef plants but are now getting back to normal, says provincial livestock market analyst Jason Wood. “During a three- week period at the beginning of May, steer carcass weights rose 28 pounds to 926 pounds, above average for that time period.” Steer carcass […] Read more
Klassen: Weather, COVID, feed grains pressure feeder market
Compared to last week, western Canadian yearling prices were $2-$4 lower on average; calves traded $2 to as much as $6 below week-ago levels. Southern Alberta received its first snowfall of the season last week, which hindered demand for fresh replacements. Feedlots always incorporate a risk discount when the first snowfall of the year materializes, […] Read more
Manitoba cattle sector gets COVID-19 AgriRecovery
Program to help offset costs from 'extraordinary feed period'
Manitoba cattle producers whose usual markets for finished cattle were temporarily out of reach this spring and summer may now be able to offset some of the resulting extra feed bills. Federal Agriculture Minister Marie-Claude Bibeau and her Manitoba counterpart, Blaine Pedersen, on Thursday announced the 2020 Canada-Manitoba Finished Cattle Feed Assistance Program, an AgriRecovery […] Read more
Klassen: Feeder market digests rising COVID-19 cases
Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more
New slimmed-down Alberta Beef Producers readies for launch
Nominations must be submitted by Oct. 15
Reading Time: < 1 minute Election time is drawing near for Alberta Beef Producers. It’s been nearly a year since it approved a re-org that cuts its number of zones by nearly half and reduces the number of delegates by one-third. The organization is now accepting nominations for delegates (seven each) in its new five zones (northwest, northeast, central, southwest […] Read more
‘Light at the end of the tunnel’ as cattle backlog numbers fall
The number of market-ready cattle remains high, but packers have made good progress since spring
Reading Time: 4 minutes In spite of producers’ fears in the spring, things seemed to have settled out a little bit in the cattle market. The shutdown of Cargill in High River and the slowdown of JBS in Brooks left a backlog of cattle that many worried would pummel calf prices this fall. “Our processing was limited in the […] Read more
Klassen: Rising feed grains pressure feeder market
Compared to last week, western Canadian yearling markets traded $3-$6 lower with some reports showing prices as much as $10 lower. Calves traded $2-$4 below week-ago levels; however, the market will be more defined next week, with many auction barns scheduling feature calf sales in the major feeding areas of Alberta. Feeding margins in the […] Read more
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