Livestock
Reading Time: < 1 minute Brian Good of the Canadian Angus Association recently received the Industry Champion Award from the Livestock Markets Association of Canada. Good is the senior director of business development for the Angus association, which is headquartered in Rocky View County. “Brian is what the Industry Champion Award was designed for,” said Rick Wright, the executive administrator […] Read more
Brian Good given champion award
U.S. livestock: Hog futures limit down on supply glut
Chicago | Reuters — Hefty supplies of American pigs pushed Chicago Mercantile Exchange (CME) lean hog futures down by the daily exchange-imposed limit on Friday. Prices tumbled as the U.S. Department of Agriculture reported that meat companies such as Tyson Foods and JBS USA slaughtered 462,000 hogs, up nine per cent from a year earlier. […] Read more
U.S. livestock: CME lean hogs fall as pork sales to China disappoint
Chicago | Reuters — U.S. lean hog futures tumbled on Thursday as U.S. pork export sales to China continued to disappoint traders who have been expecting a surge of demand due to an outbreak of a fatal hog disease in China. Live cattle and feeder cattle futures also declined. Hog futures have pulled back 12 […] Read more
U.S. livestock: CME lean hogs up on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Wednesday in light bargain-buying after last week’s slide to three-month lows, but soft cash markets and ample hog supplies hung over the market and limited rallies, traders said. CME July lean hog futures settled up 0.15 cent at 81.625 cents/lb. and […] Read more
Despite current dip, cattle feeders optimistic about what lies ahead
With lots of cattle on increasingly pricey feed, margins are taking a hit, but optimism remains strong
Reading Time: 4 minutes The feedlot industry is experiencing a little dip right now, but the sector continues to chug along nicely. That’s why Doug Price opted to buy Western Feedlots at High River, which has been shuttered since 2016. “It was a fairly good-sized feedlot and we’re just tearing most of it down except the bunks and re-doing […] Read more
U.S. livestock: CME live cattle closed mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with expectations for a weak cash trade pressuring the benchmark August contract while back months ended firm, traders said. Packers were not bidding aggressively for cattle, a factor that some traders took as a bearish signal. “The bids that were out […] Read more
China to suspend pork imports from Quebec processor
Beijing | Reuters — China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute with Canada. The firm in question is Frigo Royal, the agency said on its Wechat account. Ractopamine […] Read more
Klassen: Feeder market shrugs off feed grain rally
Compared to last week, western Canadian feeder cattle prices were $2-$5 higher on average. Noted strength was in the 700-plus-lb. categories, which spilt over into the lighter calves. Quality groups of yearlings were limited and the scarcity fear factor had a grip on the market. The U.S. Department of Agriculture lowered its fourth-quarter beef production […] Read more
U.S. livestock: CME lean hogs, live cattle firm on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose about two per cent on Monday on bargain buying after multi-month lows, but a large U.S. hog supply hung over the market, capping the rally, traders said. CME July lean hog futures ended up 1.7 cents at 83.05 cents/lb. after dipping to 80.525 cents, […] Read more
U.S. livestock: CME lean hogs slide on fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more