Livestock
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the three cents/lb. daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders. October and December settled down by the three-cent limit to 103.825 and 103.125 cents, respectively (all figures US$). Live […] Read more
U.S. livestock: CME live cattle plunge limit down
Scientists looking for producers to participate in beef genomic trial
The project is part of the effort to use genomics to select cattle with improved feed efficiency and other desirable traits
Reading Time: 2 minutes Want to know more about the feed efficiency and traits of your cattle? Interested in contributing to research that can make a difference in Canadian beef cattle production? Researchers at Agriculture and Agri-Food Canada are looking for producers to send in samples from their herds for use in a genomic prediction trial. “This will potentially […] Read more
Lely offering dairy industry scholarships
Application deadline is Oct. 1
Reading Time: < 1 minute Lely North America is offering five $1,000 scholarships for Canadian residents currently attending a junior college, college, university, or graduate school. The student must also be registered in a program that can equip them to contribute to the dairy industry and be current or previous members of 4-H. Applicants also have to write a short […] Read more
Ontario ag minister to get new powers on farm programs
Ontario’s minister of agriculture is expected to get direct authority to set up farm programming, as part of a legislative package resurrected from this spring to cut regulatory red tape. Provincial Economic Development Minister Brad Duguid on Tuesday reintroduced the Burden Reduction Act, a package of amendments meant to “reduce regulatory burdens and practices that […] Read more
Klassen: Feeder cattle market experiences mixed tone
Western Canadian feeder cattle markets experienced a diverse tone across the Prairies, with notable buying interest surfacing on yearlings. Compared to seven days earlier, prices for yearlings in southern Alberta were $5-$7 higher on average, as feedlots focused on purchasing local cattle. In southern Alberta, larger-frame lower-flesh black steers weighing 900 lbs. were quoted at […] Read more
U.S. livestock: Lower cash prices send CME live cattle lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by technical selling and last Friday’s drop in prices for slaughter-ready, or cash, cattle, said traders. October live cattle ended 0.45 cent per pound lower at 106.825 cents, and settled below the 10-day moving average of 107.06 cents (all figures […] Read more
These are interesting times in the cattle and beef markets
There are a number of factors in play right now, and it’s a good time to step back and survey the wider landscape
Reading Time: 4 minutes Packers lifted a lot of cattle in late summer and it will be interesting to see as we move through the fall if those fed cattle slaughtered in late summer left a gap wide enough to pull other finished cattle ahead. This would bring lighter fed cattle to the kill floor which could be positive […] Read more
U.S. livestock: Cattle erase losses to finish flat
Chicago | Reuters — U.S. live cattle futures finished roughly unchanged on Friday, reversing from earlier steep losses as investors squared up positions ahead of a monthly supply report that was released after the market close, traders and analysts said. Feeder cattle and lean hogs also settled about flat at the Chicago Mercantile Exchange, in […] Read more
EU bids to seal CETA as U.S. deal prospects fade
Bratislava | Reuters –– European Union ministers took steps Friday to approve a contentious free trade deal with Canada, while France and Austria demanded that talks towards a similar agreement with the United States should stop. Both deals have triggered demonstrations by unions and protest groups who say they will spark a “race to the […] Read more
Olymel pork plant to get $11 million in upgrades
Pork and poultry packer Olymel has budgeted $11 million in expansions and new equipment for a Quebec sausage processing plant to handle hams and other smoked meats and boost its output by about 50 per cent. The company, part of agrifood and ag retail co-operative La Coop federee, announced Thursday that upgrades are expected to […] Read more