Livestock
Pork and poultry packer Olymel is set to close the further processing plant it operates in its home town in Quebec as it exits the lard production business. The company, an arm of ag co-operative Sollio, announced Thursday it will close its St. Jacques Street plant at St. Hyacinthe, Que. effective Feb. 10, affecting 107 […] Read more
Olymel to exit lard business, shut plant
Packer's St. Hyacinthe facility to permanently close
CUSMA compensation set for supply-managed sectors
Feds pledge over $1.7 billion in payments, programs
A final round of payments and programs for Canada’s supply-managed dairy and feather sectors — this time in compensation for the sequel deal to NAFTA — is now on deck for 2023 and beyond. Compensation to those sectors for domestic market concessions granted under the Canada-U.S.-Mexico Agreement (CUSMA) was telegraphed in federal Finance Minister Chrystia […] Read more
U.S. livestock: CME live cattle up ahead of monthly USDA report
Lean hogs mostly up in technical trading
Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday for a third straight session on steady to firmer cash cattle markets and position-squaring a day ahead of a monthly U.S. government feedlot report, analysts said. Most-active CME February live cattle futures settled up 1.15 cents at 155.4 […] Read more
U.S. livestock: CME live cattle, lean hog futures end higher
Grain values' slip spurs buying
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) ended higher on Wednesday as expectations of tightening cattle supplies and a setback in grain prices sparked a round of buying, traders said. The most-active CME live cattle futures, for February delivery, settled up 1.2 cents at 154.25 cents/lb., a day after […] Read more
At least 12 killed in Nigeria attack over farmland
Gunmen appear in village in north
Abuja | Reuters — Gunmen have killed at least 12 people in an attack on a village in the northern Nigerian state of Plateau, residents and the state governor said on Wednesday, the latest deadly incident fuelled by growing pressure on land resources in the country. Violence between farmers and pastoralists has become increasingly common […] Read more
Lab-grown meat cleared for human consumption by U.S. regulator
FDA's review not technically approval
Washington | Reuters — The U.S. Food and Drug Administration (FDA) for the first time cleared a meat product grown from animal cells for human consumption, the agency announced on Wednesday. Upside Foods, a company that makes cell-cultured chicken by harvesting cells from live animals and using the cells to grow meat in stainless-steel tanks, […] Read more
Feed situation is much improved this year but far from perfect
The supply levels are good but feed isn’t cheap, and most pastures need some serious moisture
Reading Time: 4 minutes Craig Lehr has been able to source the forage and feed he needs this year for Short Grass Ranches, a backgrounding feedlot he co-owns near Medicine Hat. Still, finding feed and forage for the 7,000-head feedlot, plus its 1,100-head cattle herd, was not an easy task. “The ground situation is still pretty bleak,” said Lehr, […] Read more
U.S. livestock: CME feeder cattle near one-month low as corn jumps
Hogs up on China demand optimism
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures neared a one-month low on Tuesday as rising grain prices signaled risks for increased costs for livestock feed, brokers said. Unconfirmed reports that Russian missiles crossed into NATO member Poland fueled gains in corn, wheat and soy futures as traders worried about escalating geopolitical tensions. […] Read more
Klassen: Adverse weather limits demand for calves
Stronger Canadian dollar adds pressure
Compared to last week, western Canadian yearling prices were steady to $2 higher. Calves traded steady to $10 lower in Alberta while markets in Saskatchewan and Manitoba were quoted $5 lower to $2 higher. Adverse weather resulted in a softer tone for calves with Lethbridge temperatures dipping to -25 to -33 C last week. The […] Read more
U.S. livestock: CME live cattle end mostly lower
December, February hog futures up
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but the spot […] Read more