Livestock
Live cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, seeing a continuation of Monday’s gains as values remain near record highs. The ongoing shutdown of the United States government will likely delay the publication of monthly cattle on feed data scheduled to come out on Friday. However, market expectations are for a […] Read more
U.S. livestock: Live cattle continue higher
CFIA extends CWD control program consultation deadline
Date extended for consultation period of changes to CWD program
France raises bird flu alert level to ‘high’ after new cases
France has raised its bird flu alert level to “high” from “moderate”, requiring poultry farms nationwide to keep birds indoors as Europe faces a seasonal resurgence of the disease.
Trump plan to import Argentine beef angers U.S. farmers
U.S. farmers criticized President Donald Trump’s suggestion that the country may import more beef from Argentina, after they recently lost out to the South American nation on soybean sales to top buyer China.
Klassen: Feeder market extends rally
Western Canadian yearling prices traded back up to historical highs over the week ended Oct. 18, while calf markets made fresh highs at many locations. Western Canadian yearlings off grass traded $5-$10 higher on average compared to seven days earlier. Steer calves in the weight range of 550-825 pounds traded $8-$12/cwt higher on average while […] Read more
U.S. livestock: Live cattle correct higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Monday, taking back some of Friday’s losses amid ideas the declines were overdone. Cattle futures posted limit-down losses on Friday following comments from United States President Donald Trump that he would lower beef prices. Trump also said over the weekend that beef purchases from […] Read more
U.S. livestock: Cattle fall sharply as Trump says he’s working to lower beef costs
Chicago cattle futures fell sharply on Friday after U.S. President Donald Trump said his administration was working to lower the cost of beef. “We are working on beef, and I think we have a deal on beef,” Trump told reporters at the White House on Thursday. “No specifics were released on any plan, though the market is taking a […] Read more
France bans cattle exports, bullfighting as lumpy skin virus spreads
France imposed a ban on cattle exports and events such as bullfighting, the agriculture ministry said on Friday as it tries to contain the highly contagious lumpy skin disease sweeping through farms in the country for the first time.
U.S. livestock: Cattle at fresh highs, hogs weaken
Cattle futures on the Chicago Mercantile Exchange climbed to fresh highs on Tuesday, as tight supplies and the ongoing closure of the U.S./Mexican border to cattle from Mexico kept values well supported. The December live cattle contract gained 1.750 cents per pound at 246.500 cents. Chart-based positioning contributed to the gains, according to participants, with […] Read more
Klassen: Cash feeder market divorces from futures market
For the week ending October 11, Western Canadian yearling markets traded $8/cwt higher to $5/cwt lower compared to seven days earlier. Calf prices experienced a week-over-week decline of $3-$8/cwt on average. Feather-light calves under 450 pounds were steady to $10 higher on average. The Canadian cash feeder market appeared to divorce from the feeder cattle […] Read more
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