Livestock
Chicago | Reuters — U.S. hog futures rose on Thursday as Germany confirmed one more case of African swine fever in a wild boar, fueling market hopes that China will boost U.S. pork imports. The new case follows six others confirmed in wild boars, not farm animals, in the past week. While no farm animals […] Read more
U.S. livestock: CME hogs up on another swine fever case in Germany
Cash cattle values firming
U.S. livestock: CME hog futures fall as China’s hog herd rebounds
CME December live cattle rise
Chicago | Reuters — U.S. livestock futures fell on Wednesday, as the futures market continues to cool in the wake of last week’s rally and on news that the size of China’s hog herd is quickly growing. Hog futures soared last week after Germany reported its first case of African swine fever (ASF) and China […] Read more
Kraft Heinz to sell several cheese businesses to Lactalis
Canadian grated cheese lines among assets going for US$3.2 billion
Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After weak sales results and several billion-dollar writedowns over the past two years, there has been market speculation about which categories Kraft Heinz will offload from […] Read more
U.S. to remove tariffs on Canadian aluminum
Ottawa drops threat of retaliation on stock trailers, fencing, other aluminum goods
Washington/Ottawa | Reuters — The Trump administration said on Tuesday it will remove 10 per cent U.S. tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to “normalize” over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory […] Read more
Sustainable beef is working — but don’t let up on the messaging
Pandemic has increased consumer interest in where food comes from, and that’s an opportunity
Reading Time: 4 minutes Does sustainable beef matter in a pandemic? ‘Yes,’ a restaurateur and food distributor said at the virtual Canadian Beef Industry Conference — prompting the two farmers on the panel discussion to call for more co-operation to get the word out on what ranchers are doing for the environment. The public is definitely interested, said Darren […] Read more
U.S. livestock: Futures mixed on pork export questions, cattle supplies
U.S. beef packer margins down on week
Chicago | Reuters — U.S. livestock futures had a mixed performance on Tuesday, as the supply of cattle being offered for sale continued to shrink and traders wrestled with uncertainty over pork export demand. An additional five cases of African swine fever (ASF) were initially found in dead wild boars in Germany. Initial tests were […] Read more
Cattle ranchers paired up with researchers in mentorship program
Pair of Lethbridge scientists matched with cow-calf producers from Alberta
Reading Time: 2 minutes Two AgCanada researchers in Lethbridge — a soil microbial ecologist and an expert in greenhouse gas emissions — are among the six scientists selected for a mentorship program put on by the Beef Cattle Research Council. The program pairs the researchers with innovative cattle producers and industry professionals — many from Alberta — for a one-year […] Read more
Klassen: Yearling market holding value
Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded $3 higher to $3 lower on average. The yearling run is well underway and there was no shortage of buying interest. Finishing feedlots were very aggressive on quality packages coming fresh off grass. Once again, buyers focused on local cattle, causing […] Read more
U.S.-bound truckload of Alberta beef disappears
Over $230,000 in JBS beef hasn't turned up, RCMP says
A reefer truck loaded with over $230,000 in beef from the JBS plant at Brooks, Alta. is more than two weeks overdue and alleged to be travelling on “fraudulent documents,” RCMP say. Brooks RCMP said Monday they’re investigating after a transport truck that was subcontracted to haul a full load of beef from the JBS […] Read more
U.S. livestock: CME lean hogs fall, cattle up on technical trading, profit-taking
Hogs 'stretched out technically last week'
Chicago | Reuters — U.S. lean hog futures slid on Monday on technical selling and profit-taking, as the trade began to question whether Chinese demand for U.S. pork will boom after rival supplier Germany confirmed a single case of African swine fever in a wild boar. U.S. pork packer margins eased but still were solid, […] Read more
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