U.S. livestock: Profit-taking undercuts CME live cattle — September 30, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed lower Tuesday, pressured by profit-taking and fund selling on the final trading day for the quarter, traders and analysts said. October live cattle closed down 0.5 cent per pound to 160.45 cents, and December one cent lower at 163.475 cents (all figures US$). Despite […]

PED confirmed in another SE Man. sow barn — September 29, 2014

A second sow operation in Manitoba’s livestock-intensive southeast is confirmed to be the province’s fourth farm with porcine epidemic diarrhea. The provincial chief veterinary officer confirmed the latest case on Wednesday last week, following a confirmation at another sow barn in the same region on Sept. 19. Most of Canada’s 69 farms confirmed with PED […]

Prairie CWRS bids up with improving basis — September 29, 2014

CNS Canada – Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in […]

Agricorp extends Ont. winter wheat deadlines — September 29, 2014

Ontario’s farm program delivery agency has put a seven-day extension on deadlines for seeding and reporting winter wheat acres in the province’s south. Citing “advancements in farm management techniques and hardier varieties of wheat,” Agricorp on Friday announced a new set of deadlines for winter wheat and organic winter spelt. For all fall-seeded crops, the […]

U.S. livestock: CME live cattle end higher, pare early losses — September 29, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents […]

Klassen: Feeder cattle market surges — September 29, 2014

Western Canadian feeder cattle prices surged $4-$6 per hundredweight (cwt) and in some cases as much as $10/cwt over the past seven days. Feedlot buyers became more aggressive in the market, now that corn silage season in southern Alberta is in the final stages. Favourable weather also enhanced buying interest, and the same old story […]

U.S. livestock: Nearby CME live cattle close up three-cent limit — September 26, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months closed up the maximum three-cents-per-pound daily price limit, driven by short-covering and fund buying, traders said. October and December finished at 158.45 and 162.1 cents/lb., respectively (all figures US$). Deferred contracts may have drawn support from the outlook for tight supplies in the […]

PEDv shrinks U.S. hog herd, but low-cost feed limits decline — September 26, 2014

Reuters — The U.S. hog herd continued to shrink during the June-August quarter as a deadly pig virus lingered on farms, but the decline was less than expected, a U.S. Department of Agriculture report showed on Friday. The data also showed that producers least affected by the porcine epidemic diarrhea virus (PEDv) added to their […]

Sky-high U.S. meat prices will continue, USDA says — September 25, 2014

Washington | Reuters — Prices for many U.S. meats, already at record highs, continued to increase on a combination of drought and disease that have culled herds, the U.S. Department of Agriculture said Thursday. Retail beef and veal prices spiked by 4.2 per cent from July to August, the largest month-on-month increase since the end […]

U.S. livestock: CME hogs slump as Wall Street tumbles — September 25, 2014

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Thursday, pressured by active U.S. stock market selling as the dollar surged to a four-year high, traders and analysts said. The strong dollar makes U.S. goods including pork less attractive to foreign buyers. Hog futures’ losses mounted after nearby trading months drifted below […]