Livestock
Record-high feed costs caused by the worst drought in half a century are forcing farmers to slaughter more of their hogs, with the number reaching 9.9 million head in August, the highest-ever for that month, data analyzed by Reuters showed. The U.S. Department of Agriculture will not issue its August monthly tally until next month, […] Read more
U.S. hog slaughter surges to record as feed costs bite
U.S. live cattle steady to firm with beef prices
U.S. live cattle futures settled steady to firm on Tuesday, supported by an upswing in wholesale beef prices and fund buying, analysts and traders said. Hog futures rose slightly and feeder cattle at the Chicago Mercantile Exchange ended firmer. CME live cattle drew support from the rebound in wholesale beef prices as some grocers restocked […] Read more
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were steady with week-ago levels as the yearling run moves into full gear. Feedlot managers continue to step forward quite aggressively, with many lots running less than 50 per cent capacity. Lighter weight calves were actually up $2-$3 per hundredweight (cwt) on average due to strength in the deferred live […] Read more
Ont. horseracing sector will need ‘ongoing’ funds, panel says
Ontario’s horseracing industry will need "greater investment" than the province has so far put up to transition the industry out of its cut of slot machine revenue, according to the province’s own "transition panel." That panel, including three former provincial cabinet ministers, filed an interim report last week in which they said it would be […] Read more
Tax deferrals offered in drought-hit Ont., Que. counties
Livestock producers in parched parts of western Quebec and southern and eastern Ontario will get to put off paying the income tax owing on sales of breeding livestock this year. The federal government on Monday designated specific drought-affected areas in which producers can ask for a deferral on taxable income from the sale of breeding […] Read more
U.S. hogs post biggest monthly loss in 10 years
U.S. hog futures posted their biggest monthly loss in a decade as record high feed costs caused by the worst drought in 56 years forced herd liquidation. Chicago Mercantile Exchange (CME) hog futures settled higher Friday as fund buying and short-covering rallied the market from morning lows before the Labour Day holiday, said analysts and […] Read more
Stories you might have missed
Technical trouble with our database kept us from updating Daily News on the Country Guide, Grainews, Canadian Cattlemen, Alberta Farmer and Manitoba Co-operator sites Thursday afternoon. Our apologies for any inconvenience. We did, however, keep posting at our sister site, AGCanada.com. Here’s a quick rundown of what you’ll find there from Thursday night. If the […] Read more
Nationwide co-op pledges to pay more for lambs
Producer co-op to offer five-cent premium over Ont. price
U.S. hogs rise on discount to cash, short-covering
Steady-weak live cattle amid cash uncertainty
U.S. live cattle surge as funds buy
U.S. live cattle futures climbed more than one per cent on Wednesday, boosted by fund buying and short-covering, said analysts and traders. Chicago Mercantile Exchange (CME) feeder cattle and hogs gained modestly. Live cattle futures surged after breaking through key technical resistance levels, triggering fund buying. "It was more technical than anything else, with chart […] Read more
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