Livestock
Sao Paulo | Reuters –– Brazilian food maker JBS SA, the world’s largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the U.S. in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in […] Read more
JBS plans U.S. IPO for international unit
Klassen: Positive margins support feeder cattle market
Alberta packers were buying fed cattle at $150 this past week, which was $5 above breakeven pen closeout values. This rally in the fed cattle market was a long time coming and renewed optimism surged across the Prairies. Feeder cattle prices traded $3-$5 above week-ago levels, with lighter calves leading the charge higher. Fierce competition […] Read more
Drought-hit tax deferral zones named
In some areas, this is the second year in a row where a lack of feed forced the sale of breeding stock
Reading Time: 2 minutes The federal government is offering ranchers in parts of Alberta hit by drought deferrals on their 2016 income tax from breeding livestock sales. The areas include Clearwater, Lethbridge, Mountain View, Red Deer, Rocky View, Vulcan and Wheatland counties; the municipal districts of Bighorn, Foothills, Pincher Creek, Ranchland and Willow Creek; the Municipality of Crowsnest Pass; […] Read more
Livestock transport regulations up for comment
The public can comment until mid-February on proposed new livestock transport regulations which the government says will help Canada line up with international standards and limit how long livestock can go unfed during shipping. The Canadian Food Inspection Agency on Monday announced amendments to the federal Health of Animals Regulations dealing with transportation have been […] Read more
Good times gone in a flash for cattle sector
Cash-to-cash basis is one of the lone bright spots, but that too could vanish if Trump White House brings back COOL
Reading Time: 4 minutes Anne Wasko has had a knot in her stomach since Donald Trump’s unexpected victory in the U.S. presidential election. “I’m certainly hopeful, but the one thing that makes me nervous at any time is uncertainty,” said Wasko, marketing analyst with Gateway Livestock Marketing. “It’s way too early to jump to conclusions, but the fact is, […] Read more
U.S. livestock: CME hogs rise on cash price optimism
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday hit a 1-1/2-month high, spurred by expectations for stronger near-term cash prices, said traders. They said technical buying contributed to market advances. December hogs closed up 0.75 cent per pound, to 51.5 cents (all figures US$). Most actively traded February ended 0.775 cent/lb. […] Read more
‘Non-GMO’ label to land on Canadian cheese
A Manitoba cheesemaker is poised to be the first in Canada to offer a “Non-GMO Verified” cheese line, using milk from cows fed non-GMO crops. Bothwell Cheese announced Tuesday it plans to be the first in the country to offer cheeses made with milk that comes from dairy farms verified by the Non-GMO Project, a […] Read more
U.S. livestock: CME live cattle book steep drop
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday fell more than two per cent, their steepest daily decline in 1-1/2 months, pressured by sell stops and fund liquidation, said traders. December live cattle closed down 2.35 cents/lb. to 108.225 cents, and February 2.5 cents lower at 108.875 cents (all figures US$). […] Read more
Cattle industry leader Boyd Anderson, 96
Memorial services will be held Dec. 10 in Glentworth, Sask. for Boyd Anderson, a respected rancher and leader in the Saskatchewan and Canadian beef cattle industries, who passed away Thursday in Moose Jaw at age 96. Anderson, who had started ranching in about 1937 near Fir Mountain, about 170 km southwest of Moose Jaw, is […] Read more
U.S. livestock: CME live cattle slide off three-month peak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday peaked at a three-month high before profit-taking dropped contracts to near session lows, said traders. December live cattle closed down 0.175 cent/lb. to 110.575 cents, and February ended 0.575 cent lower at 111.375 cents (all figures US$). CME live cattle futures receded in […] Read more