Livestock
Chicago | Reuters — U.S. hog futures leapt to their highest price since May 2019 on Friday on strong domestic demand for pork, while feeder cattle futures tumbled to a three-month low. Gains in the swine market extend a rally driven by rising cash prices for hogs and demand from consumers. “Domestic demand has been […] Read more
U.S. livestock: Domestic demand boosts hog futures
Feed grain prices drag on feeder cattle
New slimmed-down Alberta Beef Producers readies for launch
Nominations must be submitted by Oct. 15
Reading Time: < 1 minute Election time is drawing near for Alberta Beef Producers. It’s been nearly a year since it approved a re-org that cuts its number of zones by nearly half and reduces the number of delegates by one-third. The organization is now accepting nominations for delegates (seven each) in its new five zones (northwest, northeast, central, southwest […] Read more
U.S. livestock: Hog futures hit highest since August 2019
U.S. beef export sales down on week
Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Thursday, as consumer demand for pork remained robust even as the weather turned cooler. The front-month hog contract has risen for seven days in a row. “The domestic demand is just on fire,” said Don Roose, analyst with […] Read more
Pork innovators urged to enter contest
Entry deadline Oct. 31
Reading Time: < 1 minute The Banff Pork Seminar is going virtual this year but the tradition of awarding the FX Aherne Prize for Innovative Pork Production will continue. The contest is open to anyone who has developed an innovation — big or small — that is relevant to the North American pork industry. “The creativity and innovation of entries […] Read more
Alberta Pork urges producers to consider marketing co-op
Banding together would fix a ‘broken’ system and force packers to pay a fair price, says organization
Reading Time: 2 minutes Alberta Pork is urging hog farmers in the province to band together to force packers to pay a fair price for their animals. And that includes thinking about returning to a single-desk model or forming marketing co-operatives to “shift the balance of power back to producers.” In an analysis of the sector covering the past […] Read more
U.S. indicts six more chicken-industry execs over alleged price fixing
Case alleges executives conspired to inflate prices for broilers
Chicago | Reuters — The U.S. government has indicted six more chicken-industry executives over alleged price-fixing, broadening antitrust prosecutions in its probe of the US$65 billion poultry sector. In June, the Justice Department indicted Pilgrim’s Pride CEO Jayson Penn and three others in its first charges in the criminal probe involving broiler birds, which account […] Read more
U.S. livestock: Hog futures up on pork demand, cash prices
November feeder cattle touch lowest level since July 2
Chicago | Reuters –– U.S. hog futures extended gains on Wednesday and the front-month contract reached its highest price in about a year due to strength in the cash market, traders said. Solid pork demand has underpinned cash prices in the face of large hog supplies. The U.S. pork cutout, an indication of wholesale pork […] Read more
U.S. livestock: Cash market strength boosts hog futures
Cash cattle values also boost live cattle
Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Tuesday, rallying to keep pace with recent gains in the cash market. The cash market strength stemmed from continued good demand even as the traditional U.S. grilling season draws to a close with the weather turning cooler. “There’s […] Read more
‘Light at the end of the tunnel’ as cattle backlog numbers fall
The number of market-ready cattle remains high, but packers have made good progress since spring
Reading Time: 4 minutes In spite of producers’ fears in the spring, things seemed to have settled out a little bit in the cattle market. The shutdown of Cargill in High River and the slowdown of JBS in Brooks left a backlog of cattle that many worried would pummel calf prices this fall. “Our processing was limited in the […] Read more
New beef masterplan links environment to improved profitability
New beef strategy says ranchers can boost profits while cutting greenhouse gas emissions
Reading Time: 5 minutes Capturing carbon and reducing greenhouse gas emissions are two key goals in the newly updated national beef strategy. While these goals may seem contentious to some producers, it’s important to show the public that the beef sector is progressive and doing its part when it comes to combatting climate change as well as protecting the […] Read more
Cyber-Savvy Farmer
