Livestock
Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more
Brazil’s regulator rejects JBS settlement deal
Klassen: Feeder cattle market holding value
Compared to last week, western Canadian yearling prices were steady to as much as $4 higher while calf values traded within $5 on either side of unchanged. Current feedlot margins are hovering around break-even, but profitability will improve during October and November, given the recent strength in the deferred live cattle futures. Therefore, short-keep feeders […] Read more
Specialist offers tips for grazing cover crops
Stocking rates are going to be fairly similar and be alert to nitrate and bloating potential
Reading Time: 2 minutes When you graze cover crops, you have to look at things differently, says provincial beef and forage specialist Karin Lindquist. “Management means leaving behind enough of a residue on a light graze versus a heavy graze,” she said during a recent West County Ag Tour. “It’s not just the above material that tells you a […] Read more
U.S. livestock: CME cattle up on technical buying
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, with the most-active December contract rallying from a one-week low on technical buying and anticipation of strong consumer demand, traders said. The market shook off pressure from bearish data in Monday’s U.S. Department of Agriculture cold storage report, which showed total […] Read more
Canada not making concessions needed for NAFTA deal, says U.S.
New York | Reuters — Canada is not making concessions needed to reach a deal with the U.S. for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S. official said on Tuesday. The administration of President Donald Trump has recently begun increasing the pressure […] Read more
U.S. livestock: CME cattle futures sag after USDA data
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Monday, pressured by technical selling and bearish data in a monthly U.S. Department of Agriculture report released on Friday, traders said. USDA late on Friday reported the number of U.S. cattle on feed as of Sept. 1 at 11.125 million head, up six […] Read more
Pork producers slammed by tariff war call for government aid
The bottom fell out of the pork market this summer and Alberta producers are suffering huge losses
Reading Time: 4 minutes Canadian pork producers need “immediate help” from government to deal with a price plunge sparked by U.S. President Donald Trump’s tariff wars with China and Mexico. “What we’re seeing right now is really bad,” said Darcy Fitzgerald, executive director of Alberta Pork. “And a lot of it has to do with what’s going on with […] Read more
Province-wide farm aid unlikely, says Alberta Beef Producers chair
While many producers are in dire straits, feed shortage is not technically ‘a disaster’
Reading Time: 4 minutes Alberta Beef Producers is gathering the facts on the feed shortage in the province and preparing a case for government aid for drought-stricken ranchers. But although the federal government has now made much of the province eligible for its tax deferral program, direct aid is unlikely, said ABP chair Charlie Christie. “My gut feeling right […] Read more
Informal NAFTA talks seen likely in next few days at U.N.
Montreal | Reuters — U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end […] Read more
Agropur to shut Monteregie fine cheese plant
A Quebec cheese plant formerly known as a top maker of Camembert- and Brie-type cheeses is set to shut permanently in April after five years under Agropur’s ownership. Quebec-based Agropur, North America’s biggest dairy co-operative, announced Friday it will start winding down operations at its Saint-Damase cheese plant in January ahead of the April 2019 […] Read more