Livestock
Frankfurt | Reuters — Bayer, the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of its animal health business and a number of others, around 12,000 job cuts and 3.3 billion euros (C$4.98 billion) in impairments. CEO Werner Baumann is under pressure to boost Bayer’s share price after a drop […] Read more
Bayer to shed animal health division, others after Monsanto deal
Making the best of a bad situation
Beef 911: If you plan ahead, you can still get good value for an animal that suddenly needs to be put down
Reading Time: 4 minutes All producers run into the need for emergency slaughter of their livestock from time to time. With a co-ordinated effort between producers, abattoirs, and veterinarians we can realize good value and prevent the waste of good meat protein. It is important to preplan the chain of events that would happen in the event of emergency […] Read more
U.S. livestock: Hogs bounce on news of pork sales to China
Chicago | Reuters — U.S. lean hog futures jumped more than four per cent on Thursday after the U.S. Department of Agriculture’s weekly export sales report showed that China last week placed its largest order for U.S. pork since February, traders said. The purchases are a signal that an outbreak of African swine fever in […] Read more
U.S. livestock: Lean hogs sag on technical selling, soft cash
Chicago | Reuters — U.S. lean hog futures closed mostly lower on Wednesday, with the benchmark February contract declining for a third straight session on technical selling and weak cash values, traders said. Chicago Mercantile Exchange February lean hog futures settled down 0.55 cent at 64.5 cents/lb. after the contract dipped below its 50-day moving […] Read more
There’s opportunity in the lamb sector but only for some
CEO of North American Lamb Company says the future belongs to those who offer consistency
Reading Time: 3 minutes Gary Alexander delivered a message at the Alberta Lamb Producers annual meeting that many didn’t want to hear. “I will tell you right now that the sheep business, in my opinion, is a dysfunctional and declining business and I’m not saying that solely about the Canadian business,” said Alexander, president and CEO of the North […] Read more
Canadian dairies get significant control over imports under TPP
Toronto | Reuters — Canada will give local dairy processors significant control over imports under a new trade deal with Pacific countries that opens the sheltered industry to further competition, according to a notice published by the federal government, which drew criticism from Canadian retailers. New quotas created by the Comprehensive and Progressive Agreement for […] Read more
New CEO for cattle feeders’ associations
Reading Time: < 1 minute Janice Tranberg is the new president and CEO of both Alberta Cattle Feeders’ Association and National Cattle Feeders’ Association. Tranberg takes over from Bryan Walton, who is retiring early in the new year. She most recently served as the executive director for Sask-Canola and prior to that was assistant deputy agriculture minister in Saskatchewan. Tranberg […] Read more
Dairy issue nags as U.S., Canada prepare to sign trade pact
New York/Ottawa | Reuters — Dairy remains a sticking point between the United States and Canada as the countries prepare to sign a new North American trade pact this week, according to four sources familiar with the matter. U.S. objections to Canada’s protected internal market for dairy products was a major challenge facing negotiators during […] Read more
U.S. livestock: Lean hogs drift lower on weak cash values
Chicago | Reuters — U.S. lean hog futures closed mostly lower on Tuesday, with the benchmark February contract falling for the fourth session out of the last five after hitting a contract high last week. “The cash market continues to struggle. It’s a battle between reality and the ASF (African swine fever) headlines,” said Craig […] Read more
Klassen: Feeder cattle market stabilizes
Western Canadian feeder cattle markets were unchanged from week-ago levels. Favourable weather conditions enhanced buying interest from cattle feeders in Feedlot Alley; however, cattle-on-feed inventories in Alberta and Saskatchewan are running 16 per cent above year-ago levels. Pen space remains at a premium due to limited capacity. County permit fees and added regulations have also […] Read more