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Livestock Livestock — page 2

Cattle producers are facing a crisis as bad, or worse, than BSE nearly two decades ago and many may choose, or be forced, to exit the business, says Alberta Beef Producers chair Kelly Smith-Fraser, pictured here with her daughter, Aubrey Fraser.
Livestock, News

Alberta’s cattle producers facing a wall of worry

The situation is already grim for many, and many more are ‘questioning their future’

By
Alberta Beef Producers recently did something it hasn’t done since the BSE crisis nearly two decades ago — went to the government and asked for money. Ottawa responded by offering $50 million to help cover the cost of feeding cattle stranded by slaughter plant closures and slowdowns — an offer that was appreciated but disheartening, […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle book third day of gains

CME to change cattle futures trading rules

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Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Monday, hitting their highest since April 1, with ongoing strength in the cash markets leading the way higher, traders said. Hog contracts were lower, with the front-month contract sinking to its lowest since April 29. The nearby CME […] Read more
Livestock, Markets, Reuters

U.S. livestock: Firm cash market lifts live cattle

Weaker pork prices, supply ideas drag on hogs

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Chicago | Reuters — U.S. live cattle futures closed higher on Friday, with the front contract gaining against back months, led by higher cash cattle prices, traders said. Cash cattle traded as high as $120/cwt in the southern Plains on Friday, the U.S. Department of Agriculture said, up from trades a week earlier that ranged […] Read more
Cow-Calf, Livestock, Markets

WLPIP calf price insurance deadline extended

Three-week extension includes nine purchasing days

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Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
Livestock, Markets, Reuters

U.S. livestock: Live cattle end mostly lower as beef prices ease

June hogs up, August lower

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Chicago | Reuters — U.S. live cattle futures closed mostly lower on Thursday as wholesale beef prices began to retreat from historic highs as the U.S. slaughter pace improved, generating more meat supplies, analysts said. Chicago Mercantile Exchange (CME) August live cattle futures settled down 1.425 cents at 97 cents/lb. (all figures US$). Front-month June […] Read more
Beef Cattle, Livestock, Markets

Saskatchewan to adjust WLPIP premiums for producers

Province also opts in to fund AgriRecovery set-aside plan

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The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced […] Read more
News, Poultry/Eggs

Chicken farmers cut production, but no aid sought

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Canada’s chicken farmers have reduced production but won’t be asking for financial help from government, says the Chicken Farmers of Canada. “We’ll take care of this ourselves,” said Benoît Fontaine, the organization’s chair. However, chicken farmers may have to “depopulate flocks” if there’s an escalation in slaughter plant closures and should that happen, they want […] Read more
Beef Cattle, Livestock, Markets, Reuters

More Mexican beef headed to U.S. dinner tables as supply crunch bites

"I think we're going to leap past Canada this year"

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Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new […] Read more
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures dip after belly prices dive

Cattle down on ideas of beef prices peaking

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Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork […] Read more

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