Livestock
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures plunged more than three per cent on Thursday as disappointing export sales data triggered profit-taking following the market’s recent run to the highest in more than eight months, traders said. Contracts from May to December closed down the daily three-cent limit, including actively traded […] Read more
U.S. livestock: Lean hogs limit down as export sales disappoint
Crop and calf insurance premiums are down this year
The cost of crop insurance is nine per cent lower, although where you live and what you grow makes a difference
Reading Time: 2 minutes Most crop producers will see lower crop insurance premium rates this year, says the Agriculture Financial Services Corporation. And cow-calf producers will see reduced premiums for the Western Livestock Price Insurance Program, too. On average, 2019 crop insurance premium rates are nine per cent lower than last year, AFSC said in a news release. It […] Read more
U.S. livestock: Cattle drop further on rising supply, weak cash prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures dropped for a fourth straight session on Wednesday, pressured by weaker cash cattle prices and seasonally rising supplies, traders said. Technical selling further weighed on the market, sending the spot contract to the lowest level in nearly six weeks. “We’re going to be coming […] Read more
U.S. livestock: Live cattle retreat on technical selling, fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third straight session on Tuesday on technical selling and fund long liquidation following the market’s recent climb to one-year highs, traders said. Open interest in live cattle futures was expected to be lower for a second straight session after hitting an all-time […] Read more
Beef exports to the European Union doubled last year
That growth is expected to continue as supply of EU eligible cattle grows
Reading Time: < 1 minute Year-end numbers for beef exports to the European Union show growth that is encouraging to Canadian and European farmers and ranchers alike. Canada exported 1,059 tonnes of beef to the EU last year, worth $15.5 million, according to Statistics Canada. That’s a 113 per cent increase in volume and 98 per cent increase in value […] Read more
Quick payoff from trade deal for beef producers
Beef exports to Japan triple in the first month after Trans-Pacific agreement
Reading Time: 3 minutes That didn’t take long. Hot on the heels of a new trade partnership, sales of Canadian beef to Japan skyrocketed in January, tripling the amount sold to the country compared to a month earlier. Japanese buyers snapped up 3,545 tonnes of Canadian beef in January — versus 1,282 tonnes in December and about 58 per […] Read more
Quebec books new PED outbreak
A weanling operation in Quebec’s Monteregie is home to the province’s first new case of porcine epidemic diarrhea (PED) in almost four years. The provincial agriculture ministry confirmed the new case Friday, marking Quebec’s first since May 2015 and its 17th since the disease first appeared in the province in February 2014. The Monteregie, the […] Read more
U.S. livestock: Live cattle tumble on bearish USDA data
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more
Tags for imported U.S. feeder cattle
Reading Time: < 1 minute On April 1, all feeder cattle imported from the U.S. will be required to be identified with the National Animal Identification System (NAIS) compliant 840 radio frequency ear tags — matching the rule for breeding cattle implemented a year ago. The 840 tag is an electronic ear tag of either half-duplex or full-duplex frequency. It […] Read more
U.S. livestock: Lean hogs notch fresh contract highs on export hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to contract highs for a third straight session on Friday on hopes for strong demand from China before easing from those peaks on profit-taking and technical selling, traders said. China is expected to be in the market for imported pork as the deadly hog […] Read more