Livestock
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
U.S. livestock: CME feeder cattle near one-month low as corn jumps
Hogs up on China demand optimism
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
U.S. livestock: CME futures fall on grain rally
Beef cutout price drops
Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures slid on Friday as grain futures rallied, underpinned by strong commodities and equities markets, brokers said. The downward trend started when live cattle markets took a hit earlier in the day, when the feeder cattle traders began selling off their positions as corn futures firmed […] Read more
Meatpacker JBS’s plunging profit beats forecasts
Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat producer, on Thursday said quarterly profit plunged 47.1 per cent, but results still beat analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division. The company posted a third-quarter net profit of 4.01 billion reais (C$1.001 billion), while analysts […] Read more
U.S. livestock: CME cattle firm as grain markets pressured
Hogs under seasonal price pressure
Chicago | Reuters — Live cattle futures firmed at the Chicago Mercantile Exchange (CME) on Thursday, as grain markets came under pressure from investor profit-taking even as the U.S. dollar tumbled on news U.S consumer prices rose less than expected in October, brokers said. December live cattle settled 1.5 cents higher at 153.075 cents/lb. February […] Read more
U.S. livestock: CME live cattle settle lower as Wall Street slides
Feeder cattle, lean hogs also weaker
Chicago | Reuters — Live cattle futures slipped at the Chicago Mercantile Exchange (CME) on Wednesday as the market came under pressure from steep losses in equities and a lack of supportive news, brokers said. December live cattle settled 1.475 cents lower at 151.575 cents/lb. (all figures US$). February live cattle dropped 0.625 cent to […] Read more
Test plot measures the benefits of grazing in crop rotation
Researchers studying impact of including pasture in a cash crop rotation at Ontario farm
Reading Time: 2 minutes Glacier FarmMedia – They’ve been dubbed “crazy strips,” but there’s a method to Mike Groot’s patchwork of perennial pasture stands within a larger plot trial. The Ontario farmer is a participant in a project being conducted under the Living Labs initiative, a federal program that tests innovative practices and technologies on farms. Groot is hoping the […] Read more
Economics of herd rebuilding depend on cull rate, study finds
Retaining heifers works best if culling wasn’t too severe, but economies of scale are key
Reading Time: 3 minutes Glacier FarmMedia – A farm’s best plan when it comes to rebuilding the cattle herd after drought may have a lot to do with how deeply it had to cull, according to the Beef Cattle Research Council study. The study drew information from 17 farms registered with the council’s cow-calf production network from Western Canada […] Read more
U.S. livestock: CME lean hogs end lower, consolidate after rally
December live cattle futures flat
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures pulled back on Tuesday as the market consolidated after climbing nearly five per cent during the previous session, brokers said. CME December hogs closed 1.475 cents, or 1.7 per cent, lower at 85.575 cents/lb. (all figures US$). Wholesale pork prices were also lower. The U.S. […] Read more