Livestock
Compared to last week, Alberta yearling markets traded $2-$4 on either side of unchanged; however, 800-pound-plus cattle in Manitoba and Saskatchewan appeared to trade $4-$6 higher. Yearling prices across the Prairies are now relatively even with no freight discounts from major southern Alberta markets. Calf markets are becoming more defined with larger volumes on offer. […] Read more
Klassen: Steady demand underpins feeder cattle complex
U.K. is asked to reconsider ag tariff in Trans-Pacific talks
Tokyo | Reuters — Japan, Australia and other members of a trans-Pacific trade pact have asked Britain to reconsider tariff conditions in its entry negotiation talks, Jiji news reported on Monday. Britain has opposed expanding the target of tariff-free items, particularly among agricultural products, to near 100 per cent as set by the Comprehensive and […] Read more
U.S. livestock: CME cattle, hog futures fall to multi-month lows
Recession fears eat at demand expectations
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
Swiss reject initiative to ban factory farming
Voters back narrowly back rise in women's retirement age to 65
Geneva | Reuters — Swiss voters on Sunday rejected a proposal to ban factory farming in a referendum on whether the wealthy country’s strict animal welfare laws need to be tightened yet further. The government’s VoteInfo App showed a provisional result of 62.86 per cent of votes against the proposal, put to a referendum under […] Read more
U.S. livestock: CME live cattle, lean hogs slide on recession worries
Feeder cattle up on lower corn prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest level since early August on Friday on fears of a global recession that could curb demand for commodities including beef, traders said. CME October live cattle settled down 0.6 cent at 144.25 cents/lb. and the most-active December contract fell 0.8 cent […] Read more
Cattle group hopes to round up a full slate of candidates
Being a delegate isn’t time-consuming and puts you at ‘ground zero’ in the cattle sector, says chair
Reading Time: 3 minutes If you reform it, will they come? That’s a question facing Alberta Beef Producers as it heads into delegate election season. The farm group is seeking four people to run in each of its five zones, a smaller figure than before a revamp two years ago that reduced the number of zones and delegates. “Part […] Read more
U.S. livestock: CME cattle, hogs sag on macroeconomic concerns
Economy raises concern for beef demand
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, extending a pull-back from four-month highs set this week as traders worried about the health of the world economy and softening demand for beef, traders said. CME October live cattle ended down 1.025 cents at 144.85 cents/lb. and the most-active December […] Read more
U.S. livestock: CME hogs down on weak pork prices, macroeconomic fears
Chicago cattle also end lower ahead of report
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell nearly two per cent on Wednesday as falling wholesale pork prices and worries about the health of the global economy triggered a round of long liquidation, traders said. CME October lean hogs settled down 1.55 cents at 94.425 cents/lb. and most-active December hogs fell […] Read more
U.S. livestock: CME live cattle firm on strong cash trade
Nearby hogs lower despite cash strength
Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
Klassen: Weaker Canadian dollar supports feeder market
Weather optimal for bringing in fresh replacements
Compared to last week, western Canadian yearlings traded steady to $2 higher on average while calves traded $2 higher to $4 lower. The calf market was hard to define due to limited numbers while larger supplies of yearlings were on offer in Manitoba this past week. Alberta packers were buying fed cattle on a dressed […] Read more