Livestock
Reading Time: 4 minutes I was recently in Toronto as part of Canadian Food Summit, an event put on by the Conference Board of Canada to develop a national food strategy. A conference board event is not complete without senior economist Glen Hodgson. He is as popular in the East as he is in the West and we have […] Read more
Current beef market prices show signs of “impaired confidence”
U.S. hogs book biggest weekly percent rise in four months
U.S. hog futures settled mixed on Friday on sentiment that cash hog prices are close to topping out after recent advances helped futures to their biggest weekly percentage gain in four months, said analysts and traders. Spreaders also sold Chicago Mercantile Exchange (CME) spot October hogs and bought deferred months as the spot month prepares […] Read more
U.S hogs book biggest daily percentage gain in 10 weeks
U.S. hog futures posted their biggest one-day percentage gain in 2 1/2 months on Thursday, driven by strong packer demand for hogs amid tight supplies and fund buying, said analysts and traders. Chicago Mercantile Exchange (CME) October hogs earlier in the day moved above the 200-day moving average of 81.89 cents, triggering fund buying. Funds […] Read more
Ritz rips ‘false’ reports of XL Lakeside reopening
Federal Agriculture Minister Gerry Ritz has refuted a Toronto media report Thursday that XL Foods’ beleaguered Lakeside beef packing plant has resumed "partial operations." "This is false — the XL plant will not be allowed to reopen until the Canadian Food Inspection Agency has confirmed that it is safe," Ritz said in a statement Thursday. […] Read more
FCC’s hog farmer clients offered deferrals, adjustments
Farm Credit Canada’s customers in the again-battered hog sector will get the chance to adjust or put off loan payments through a new "customer support" program. The federal farm lender on Wednesday described its support program as having "flexible solutions tailored to each situation," offering payment schedule adjustments or deferrals "to help see customers through […] Read more
USDA’s U.S./Canada hog reports cut to semi-annually
A key source of data on hog industries in the U.S. and Canada has been reduced from quarterly to semi-annually, due to budget cuts at Statistics Canada, according to the U.S. Department of Agriculture. The USDA is discontinuing its scheduled Oct. 29 United States and Canadian Hogs report because Statistics Canada has cut its own […] Read more
CFIA inspectors cite delays getting tainted meat data
Canadian food inspectors could not immediately get key information from packer XL Foods after detecting E. coli bacteria in its beef, adding to a nearly two-week delay in launching one of the country’s largest-ever meat recalls. Authorities learned about the presence of E. coli O157:H7 in beef produced at the XL Foods plant at Brooks, […] Read more
U.S. cattle slip amid cash caution
U.S. live cattle futures fell on Wednesday as cautious investors awaited trading in this week’s cash markets, said analysts and traders. Chicago Mercantile Exchange (CME) October and December live cattle drifted below their 10-day moving averages of 123.54 and 126.35 cents per pound, triggering light fund selling (all figures US$). Spot October closed down 0.2 […] Read more
Alta. to block developments on inactive oil wells
Alberta developers, who until now have been urged to steer clear of abandoned oil and gas wells when planning projects, will soon be told rather than asked. Amendments to the province’s Subdivision and Development Regulation, taking effect Nov. 1, will require permit applications from developers or municipalities to include information about whether abandoned wells are […] Read more
U.S. cattle, hogs gain on robust cash
U.S. cattle and hog futures rose on Tuesday on firm live and wholesale cash markets, while feeder cattle climbed on waning costs to feed livestock and on improved cattle grazing prospects in the southern U.S. Great Plains, analysts and traders said. Gains in each were once again slowed by cautious buying tied to ongoing concerns […] Read more
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