Livestock
Compared to the previous week, western Canadian yearling prices were $2-$4 higher on average while calves traded unchanged to as much as $8 lower. Larger feedlot operations were actively bidding for 800-plus-lb. feeders across the Prairies due to the limited supply. Lower volumes were available this past week which was supportive for the market. Southern […] Read more
Klassen: Feeder cattle markets reflect mixed tone
U.S. corn offered into southern Alberta
U.S. livestock: Cattle rise on economic optimism, discount to cash prices
U.S.-China tensions keep hogs in check
Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns […] Read more
U.S. livestock: Cattle, hog futures follow equities higher
August feeder cattle close limit-up
Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated […] Read more
Livestock feeders urged to call before making changes
Reading Time: < 1 minute The Natural Resources Conservation Board, which regulates confined feeding operations in Alberta, is asking feeders to call if they’re considering changes because of the pandemic and increasing livestock numbers. “If you find yourself facing short-term pressures related to COVID-19 and its effects, please contact the NRCB directly to discuss the situation before making any changes […] Read more
Mink infected two humans with COVID-19, Dutch government says
Amsterdam | Reuters — Mink with the coronavirus have infected two people in the Netherlands in what are probably the first such cases of transmission during the epidemic, government and health authorities said on Monday. Mink carrying the virus were found on four of the 155 farms in the country where they are bred for […] Read more
U.S. livestock: Live and feeder cattle futures slip
Thursday's cold storage data seen as disappointing
Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more
U.S. livestock: Hogs, live cattle gain against cash markets
Cold storage meat supplies down slightly, USDA says
Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more
JBS resumes second shift at Alberta beef plant
Out of 650 COVID cases at plant, 11 are 'active'
Meat giant JBS’s Alberta beef packing plant has resumed two daily shifts as of Thursday, as fewer than a dozen of its 2,600-plus employees are now sidelined by COVID-19. The JBS plant at Brooks, about 170 km east of Calgary, is “slowly returning to two shifts as of today,” the company said Thursday in a […] Read more
President’s cattle call finds expected marks in U.S.
Trump suggests killing trade pacts with unnamed cattle-exporting nations
U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where […] Read more
U.S. livestock: Live cattle futures slip as slaughter rises
CME lean hog futures firm
Chicago | Reuters — U.S. live cattle futures fell on Wednesday, as cattle continue to back up, despite slaughter plants’ coming back online, traders said. CME lean hog futures firmed despite rising kill numbers, as social distancing rules in plants keep slaughter below normal rates. The nearby CME June live cattle futures contract settled down […] Read more
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