Livestock
Chicago | Reuters — A rally in corn prices sent feeder cattle futures sliding on the Chicago Mercantile Exchange (CME) on Thursday, while deferred live cattle futures inched upward earlier in the day on signs of short-covering, traders said. Corn futures were choppy early, as weather forecasts across the U.S. Midwest continued to show a […] Read more
U.S. livestock: Corn rally drags on feeder cattle futures
Increased Chinese inspections on Canadian meat for pork only
Ottawa | Reuters — Chinese plans to boost inspections of Canadian meat imports only affect pork rather than all meat products as the federal agriculture ministry initially stated, a Canadian government official said on Wednesday. A ministry notice seen by Reuters on Tuesday said the Canadian embassy in Beijing had been told Chinese customs agents […] Read more
U.S. livestock: Feeder cattle rally on corn futures slump
Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures continued to rally on Wednesday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. The burgeoning U.S.-Mexico trade fight pressured Chicago Board of Trade corn futures, despite a Reuters report that corn has been excluded from […] Read more
China to ramp up inspections on all Canadian meat imports
Customs agents in China now plan to open all containers of inbound Canadian meat and meat products and will inspect up to 100 per cent of their contents, Reuters reported Tuesday. The news agency quoted a notice from Agriculture and Agri-Food Canada which said the Canadian embassy in Beijing had been informed of the boost […] Read more
U.S. livestock: Warming weather, easing feed costs spur rallies
Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures rebounded on Tuesday as traders hoped that feed costs will remain under pressure following news U.S. buyers are importing corn from South America. Both live cattle and lean hog futures also rose amid a rally in the U.S. stock market and forecasts of warming […] Read more
Double whammy: Second dry year hits forages hard
With pastures suffering and hay supplies tight and expensive, fallback strategies are needed
Reading Time: 3 minutes It’s already a tough situation for forages, and fears are mounting that it will get worse. “We went into the winter in very dry conditions. We have had some rains as of late, but with perennial forage crops, their production is pre-set from the year before,” said Ed Shaw, president and chief executive officer of […] Read more
Klassen: Feeder market absorbs double-edged sword
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. The feed grains market is writing the story for the feeder market. August feeder cattle futures lost $10 this past week and U.S. cash feeder prices were also down US$4-$6 compared to seven days earlier. Ideas are that […] Read more
Brazil halts beef exports to China after atypical BSE case
Sao Paulo | Reuters — Brazil has temporarily halted beef exports to China following an atypical case of BSE in leading farm state Mato Grosso, the agriculture ministry said on Monday. China, Brazil’s largest beef importer by sales, spent US$1.5 billion on Brazilian beef last year, totaling 322,400 tonnes or almost 20 per cent of […] Read more
U.S. livestock: Trade fights continue to batter live cattle, lean hogs
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and lean hog futures fell for a second trading day on Monday — with live cattle futures hitting a near-10 month low — amid robust supplies and trade fights quelling export demand, traders said. But trade issues helped feeder cattle futures settle the day slightly […] Read more
B.C. bovine TB outbreak’s trace-out completed
All cattle that moved away from a British Columbia farm where four animals were found to be infected with bovine tuberculosis (TB) have been tracked down and tested. The Canadian Food Inspection Agency said Tuesday it has completed its “trace-out” investigation stemming from last fall’s discovery of a TB-positive beef cow from a farm in […] Read more