Reading Time: 2 minutes Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.
U.S. livestock: CME hogs slide to February low under US production pressure
US CDC asks states to keep flu testing on high this summer
Reading Time: < 1 minute The U.S. Centers for Disease Control on Tuesday advised states to aid in H5N1 bird flu surveillance by increasing testing of influenza A virus samples during the summer to help detect even rare cases of transmission of the virus in humans.
Klassen: Demand for grass cattle pushes feeder market higher
Reading Time: 2 minutes For the week ending May 18, Western Canadian yearling markets were trading $3 to $5 higher compared to seven days earlier. Calf prices were relatively unchanged compared to the prior week. The feeder market appears to be consolidating near historical highs.
Bird flu found in Illinois, Florida wastewater
Reading Time: < 1 minute A U.S.-based wastewater detection dashboard has identified high levels of influenza A (a subtype of H5N1 bird flu) in Illinois and Florida—two states that have not yet reported positive cases of the disease in dairy herds.
Metro Ontario expands its beef sustainability sourcing
CRSB Certified Mass Balance mark to be displayed on beef in 131 stores
Reading Time: < 1 minute Metro Ontario says it has achieved its 2022 sourcing commitment to buy three million pounds of beef from Canadian Roundtable for Sustainable Beef (CRSB) Certified farms and ranches by 2026, ahead of schedule.
U.S. livestock: Rallying beef prices push CME live cattle to seven-week high
Reading Time: 2 minutes Wholesale beef prices have jumped this week as retailers and meat processors look ahead to the Memorial Day weekend at the end of the month. The holiday is considered the start of the peak grilling season for products like steaks and hamburgers.
U.S. livestock: Cattle futures firm on strong demand, rising beef prices
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle futures firmed for a second straight day on Wednesday as rising beef prices and strong packer demand ahead of the Memorial Day holiday weekend supported the market, analysts said.
Unclear when tight US cattle supplies will expand, Tyson CEO says
Reading Time: 2 minutes Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business.
U.S. livestock: Cattle futures shoot higher on rising boxed beef prices
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on Tuesday as soaring boxed beef prices fueled hopes for increased demand, analysts said.
Klassen: Feeder cattle market takes defensive tone
Reading Time: 2 minutes It’s that time of year when available supplies start to decline. At the same time, demand is limited. Most backgrounding operators have sufficient numbers and demand for grassers is waning. Ontario interest was noted in Manitoba and Eastern Saskatchewan, which appeared to sustain prices near last week’s levels.
A message from April Stewart, Country Guide's Associate Editor
