Livestock
U.S. cattle futures were higher on Thursday on a late bout of short-covering in consolidation trade, but weak cash markets and the global economic uncertainty dampened bullish momentum, analysts and traders said. "Cattle are suffering from the fallout of other markets. The weak macro behaviour is weighing on futures," said Sterling Smith, futures specialist for […] Read more
U.S. live cattle gain in consolidation trade
Illnesses lead to warning over Edmonton store’s steaks
Several people became ill after eating an Edmonton store’s steaks that may contain E. coli bacteria, the Canadian Food Inspection Agency said on Wednesday. The announcement follows a series of beef product recalls that have raised concerns about meat processing standards in Canada. The CFIA on Wednesday warned the public not to eat Kirkland brand […] Read more
Quebec Liberals, CAQ name ag critics
Quebec’s two main opposition parties have named their critics for the agriculture portfolio to face the new Parti Quebecois government when the assembly reopens next month. Stephane Billette, the MNA for the Monteregie riding of Huntingdon since 2008, will handle the agriculture and fisheries file for the official opposition Liberals, interim leader Jean-Marc Fournier said […] Read more
Economic gloom hits U.S. live cattle futures
U.S. live cattle futures fell to a two-and-a-half-month low on Wednesday in a broad-based selloff sparked by renewed concerns about the global economy that led to safe-haven investing in the dollar at the expense of other investments such as cattle, traders and analysts said. "It’s a technical meltdown in cattle right now and a global […] Read more
U.S. live cattle slump as funds head for exit
U.S. live cattle futures posted their biggest one-day percentage loss in three and a half months on Tuesday and slumped about two per cent amid fund liquidation, said traders and analysts. Chicago Mercantile Exchange (CME) live cattle fell about 1.8 per cent on the day. "You had funds liquidating after we gave up the moving […] Read more
U.S. dairy, poultry producers press for Canadian access
The United States must fix mistakes it made in the North American Free Trade Agreement by insisting in new trade talks with Canada on unrestricted access to that country’s poultry and dairy market, U.S. agricultural groups said Monday. "All we’re asking is that we have an open and free fair trade shot at the border," […] Read more
U.S. bans Alta. plant’s beef on E. coli findings
The United States has halted imports of beef products from one of Canada’s largest beef-processing plants, owned by Alberta’s XL Foods, due to findings of E. coli bacteria. A spokesman for the Canadian Food Inspection Agency (CFIA) said on Tuesday that U.S. Food and Drug Administration officials had "de-listed" the plant at Brooks, Alta. on […] Read more
Contact with hogs cited in Ont. H1N1 case
A Canadian man has been infected with an H1N1 variant influenza virus after having had close contact with pigs, a senior health official for the province of Ontario said Tuesday. "I would like to reassure Ontarians that this variant influenza virus rarely spreads from animals to humans. Subsequent human-to-human transmission is also rare," Arlene King, […] Read more
Klassen: Feeder cattle steady with soft tone
Western Canadian feeder cattle prices were steady with week-ago levels while certain classes of replacement cattle were $2-$3 per hundredweight (cwt) lower. Auction market volumes are increasing and cattle buyers are starting to be more demanding with feedlot margins under pressure. Marginal discounts were noted on cattle with no special features. Caution was further granted […] Read more
U.S. hogs extend gains on cash prices
U.S. hog futures gained for a fifth straight session on Monday in response to packers raising bids for hogs in the cash market as wholesale pork demand improved, analysts and traders said. Live cattle at the Chicago Mercantile Exchange (CME) posted modest losses while feeder cattle ended firmer. CME hogs drew support from the push […] Read more
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