Livestock
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
U.S. livestock: Feeder cattle down as corn extends rally
Hogs end lower off early gains
Earlier fires offer insight for this year’s situation
It can be a long road to recovery for farmers affected by wildfires, say those who have experienced past losses
Reading Time: 3 minutes A fire in rural Alberta can burn away generations of hard work, so farmers and ranchers take it seriously. “Whenever you see smoke in the air, everybody comes around,” said Jeff Lewandoski, chief of the Jenner volunteer fire department. “We live an hour away from any major centre and if you had to wait an […] Read more
Olymel bacon plant deal a ‘signal,’ union says
Deal ends three-week strike at Drummondville
Unionized workers at Olymel’s bacon processing plant at Drummondville, Que. have voted to accept a four-year deal, ending a three-week strike and serving as a “signal” to employers in the region, their union said. Olymel announced Friday that CSN-represented workers at the Bacon Inter-America facility, who’d been on strike since May 26, voted 93.6 per […] Read more
U.S. livestock: Hogs rally to nine-month high; cattle ease
Cattle futures weaker on seasonal slowdown and profit-taking round
Chicago | Reuters — Chicago Mercantile Exchange hog futures rose to a nine-month high as a recent slowdown in the pace of slaughter limited the amount of retail supplies. Cattle futures were weaker on an expected seasonal slowdown and a round of profit-taking, traders said. CME July hogs jumped three cents to 95.85 cents per […] Read more
BCRC funds a dozen beef projects
Reading Time: < 1 minute Twelve research projects have been awarded a total of $2 million in funding by the Beef Cattle Research Council. The funds will be leveraged with more than $4 million in matching funding through government and industry partners. As an Alberta beef producer, BCRC chair Craig Lehr sees first-hand how applied research improves the productivity and […] Read more
Klassen: 800-lb. steers touch $300/cwt mark
Nearby cash market at odds with futures
For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
Taiwan formally opens to OTM Canadian beef
BSE-era restriction now lifted
Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
Canada warns VCOOL would sabotage shared Canada-U.S. goals, supply chains
The Canadian government has submitted its views on proposed U.S. food labelling rules
Proposed U.S. country of origin labelling rules run contrary to mutual Canada and U.S. goals to reduce inflation, improve food security and build resilient supply chains, according to a submission from the Canadian government to the U.S. Department of Agriculture. “One of the great strengths of the U.S.-Canada bilateral relationship is the successful integration of […] Read more
New vaccine tools launched for cattle
Reading Time: 3 minutes Cattle farmers have a new set of tools to help manage vaccination programs for their herds, courtesy of the Beef Cattle Research Council. “As livestock and land managers, we have a lot to consider year to year,” said Brodie Haugan, chair of Alberta Beef Producers. “Tools like the BCRC’s vaccine backgrounder, vaccine handling guidelines, and […] Read more
U.S. livestock: CME live cattle up as beef prices climb
Chicago lean hogs close mixed
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rose on Friday ahead of a long U.S. holiday weekend, supported by strong beef prices and profitable margins for beef packers, traders said. CME’s benchmark August live cattle contract settled up 0.65 cent at 171.725 cents/lb. (all figures US$). The U.S. Department of […] Read more