Livestock
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more
U.S. livestock: Live cattle firm on economic optimism
CME lean hogs close mostly higher
U.S. livestock: Nearby lean hog futures slide as slaughter rebounds
CME live cattle up on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July […] Read more
Dutch to cull mink at farms hit by COVID-19 outbreak
Order follows mink-to-human virus transmissions
Amsterdam | Reuters — The Dutch government on Wednesday ordered mink culled at nine farms where animals have been infected with the coronavirus, fearing they could form a reservoir of disease infecting humans after the country’s current outbreak has passed. “Clearing the infected farms is in the interest of both human health and animal health,” […] Read more
U.S. indicts Pilgrim’s Pride CEO for alleged chicken price-fixing
Allegations cover period from 2012 to 2017
Washington/Chicago | Reuters — The CEO of Pilgrim’s Pride Corp., a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the U.S. Department of Justice said Wednesday. A grand jury in Denver indicted Jayson Penn, the president and CEO […] Read more
Pork packer considering Moose Jaw’s ex-beef plant
Donald's Fine Foods announces 'feasibility study'
A potential buyer’s study could soon show whether a former beef packing plant in southern Saskatchewan has the bones to support a pork processing operation for cull sows. Richmond, B.C.-based Donald’s Fine Foods, which since 2010 has operated the Thunder Creek Pork hog plant at Moose Jaw, announced last week it plans to run a […] Read more
U.S. livestock: Live cattle sag as wholesale beef prices retreat
Slaughter counts rising 'much faster than anticipated'
Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended […] Read more
Klassen: Feeder market recovery continues
Strength in fed cattle prices the main driver
Compared to last week, western Canadian yearling prices were $6-$8 higher on average while calves were unchanged to $4 higher. Strength in fed cattle prices was the main factor driving the feeder cattle market this week. Alberta direct fed cattle sales were reported on a live basis from $150 to $153 f.o.b. the feedlot, up […] Read more
U.S. livestock: Lean hogs lower on China trade worries
CME live cattle close lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell Monday on worries that deteriorating relations between the United States and China, the world’s biggest pork importer, could inhibit U.S. pork sales to the Asian nation, traders said. China told state-owned firms to halt purchases of soybeans and pork from the United States, […] Read more
Pasture care in four words: Balance, distribute, rest and litter
There are many different grazing systems but they all adhere to these four management principles
Reading Time: 3 minutes At first glance, grazing a pasture may appear as simple as placing cattle in a fenced area with a water source. However, practising effective grazing management is an art and a science. Pasture conditions and types vary widely from native grassland to tame forage, with stands comprised of many diverse plants or perhaps just a […] Read more
Cattle producers urged to consider insurance
Reading Time: < 1 minute Agriculture Financial Services Corporation has extended the purchase deadline for Western Livestock Price Insurance Program (WLPIP) calf insurance until June 18. With the recent market volatility, Alberta Beef Producers is strongly encouraging its members to consider purchasing insurance to protect prices in the fall. Producers should be monitoring premiums and coverage levels for both calf […] Read more
Cyber-Savvy Farmer
