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The U.S. National Hurricane Center’s forecast cone for the storm centre of Hurricane Lee, issued at 2 p.m. AT on Sept. 15, 2023. (NHC/USA Today Network via Reuters)
General, Reuters, Weather

Hurricane Lee churns toward New England, Eastern Canada

Nova Scotia may see storm surge up to three feet

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Reading Time: 2 minutes Reuters — Hurricane Lee barreled across the North Atlantic toward New England and Eastern Canada on Friday, threatening to bring drenching rains, powerful winds and a life-threatening storm surge to the region over the weekend. Lee is expected to weaken into a strong tropical storm before making landfall in southwestern Nova Scotia as a strong […] Read more
CME October 2023 live cattle, with December 2023 live cattle (dark red O/H/L/C). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle touch contract highs on cash prices, tight supplies

Lean hogs mixed in technical trading

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures scaled to life-of-contract highs on Friday on firmer cash market prices and tight supplies of market-ready animals, traders said. Feeder cattle futures also posted contract highs across the board, drawing additional support from weaker feed corn prices. Feedlot cattle in the central and southern U.S. […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General, Markets, Reuters

Trudeau summons top grocers over rising food prices

Major grocers' level of profit 'does not make sense,' PM says

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Reading Time: 3 minutes Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
CME October 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Tight supply drives CME live cattle to new highs

Hogs down off Wednesday's one-month high

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures galloped to new highs on Thursday on short-covering combined with continued concerns about U.S. tight supplies, brokers said. October live cattle futures ended up 2.325 cents at 185.475 cents/lb. after setting a contract high of 185.775 cents/lb. (all figures US$). December live cattle settled 2.5 […] Read more
File photo of seasonal agriculture workers from Jamaica at Suncrest Orchards near Simcoe, Ont. (Farmtario photo by Diana Martin)
General

UN rapporteur calls Canada’s TFW system ‘breeding ground for modern slavery’

Tomoya Obokata says government needs to better protect worker rights and provide better residency path

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Reading Time: 3 minutes A United Nations special rapporteur on modern slavery has called out Canada’s temporary foreign worker (TFW) programs, including those in the agriculture sector. Tomoya Obokata, who was appointed by the UN’s Human Rights Council, spoke in Ottawa Sept. 6 following a 14-day visit to Canada. He called the programs “a breeding ground for contemporary forms […] Read more
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures ease in technical setback after highs

Nearby lean hogs also down on technical selling

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures retreated on Wednesday in a technical selling and profit-taking setback after hitting highs earlier in the week, traders said. Higher feed corn prices and a weak tone to the cash beef market added pressure, they said. “This is technical after feeder cattle hit […] Read more
A scene from Sept. 10, 2023 on the final day of the Edmonton Mountain Bike Festival. (Photo: Artur Widak/NurPhoto via Reuters)
General, Weather

Prairie Forecast: One last push of summer-like temperatures

Issued Sept. 13, covering Sept. 13-20

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Reading Time: 3 minutes As we work our way slowly into fall, we are starting to see a more fall-like pattern beginning to develop — especially when it comes to overnight lows. While the upcoming forecast does not look like we see a big fall cooldown, there is more and more deviation developing between different runs of the forecast […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market continues to consolidate

U.S. feeder cattle supplies seen tighter than expected

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Reading Time: 2 minutes Compared to last week, western Canadian grass yearling prices were relatively unchanged. Yearlings over 800 lbs. on light grain rations or on diets mixed with silage were priced at $5 to as much as $20 discount to those cattle coming straight off pasture. Larger groups of uniform quality continue to trade at a minor premium […] Read more
CME October 2023 live cattle with 20-day moving average and December 2023 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures end mixed after hitting new highs

CME lean hogs mostly higher

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Reading Time: 2 minutes Chicago | Reuters — Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said. But by the end of the session, both live and feeder cattle futures were […] Read more
Water flows through a washed-out culvert on the CN rail mainline at Truro, N.S. on July 23, 2023. (Photo: Nigel Gloade/Millbrook First Nations/Handout via Reuters)
General, Weather

Nova Scotia farmers granted late AgriStability entry

Enrolment for 2023 now an option until Dec. 31, 2024

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Reading Time: 2 minutes Nova Scotia farmers who aren’t in on AgriStability for 2023 and whose operations were hit hard by weather events this spring and/or summer now have until the end of next year to enroll. The Nova Scotia and federal governments on Friday announced enrolment for the ag income stabilization program, which ended on April 30, has […] Read more

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