Reading Time: 2 minutes Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.
Cow-calf
U.S. livestock: CME cattle futures drift lower, lean hogs down
Maritime beef producers get price protection
Two-year pilot gives Maritime producers an equivalent program to the rest of the country
Reading Time: 2 minutes Producers in New Brunswick and Prince Edward Island, and soon Nova Scotia, will have access to a program that will allow them to purchase insurance on price protection for their beef cattle in case of an unforeseen market disruption.
Klassen: Quality yearlings lead feeder complex higher
Reading Time: 2 minutes Western Canadian feeder cattle markets were quoted $5 lower to $5 higher on average in the week ending June 15. However, quality packages of yearlings traded $5 to as much as $10 above week-ago levels
U.S. livestock: CME hogs turn higher on news of China-EU trade fight
Reading Time: 2 minutes Lean hog futures rallied at the Chicago Mercantile Exchange on Monday, as news of a China-EU trade dispute gave contracts a psychological boost, even though it is unlikely to give U.S. producers a new edge, traders and market analysts said.
Cattle producers wary of grasslands conservation proposal
Reading Time: < 1 minute Glacier FarmMedia – Saskatchewan Stock Growers Association members want the Canadian Cattle Association to press pause on its Grasslands Conservation Initiative until it can better communicate its plan. Several resolutions about the initiative were debated during the SSGA annual meeting June 11 and while some were defeated members did approve one calling on CCA to […] Read more
Klassen: Feeder cattle market ratchets higher on stronger fed market
Reading Time: 2 minutes For the week ending June 8, Western Canadian feeder cattle markets traded $3 to $6 above week-ago levels. In certain locations, quality packages of 600 pound plus steers were $8 to $10 higher compared to seven days earlier. Alberta packers were buying fed cattle on a dressed basis at $440/cwt, up $2/cwt from the previous […] Read more
Livestock Price Insurance coming to maritime producers
Reading Time: < 1 minute At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something […] Read more
U.S. livestock: Live cattle end mixed, hogs rise on strong pork exports
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle futures ended mixed on Friday as wholesale beef price firmed and packer margins improved, but traders remain concerned that cash market values may be near a seasonal peak, analysts said.
Cargill Calgary strike hits holding pattern
Strike vote ballots sealed pending labour board meeting: union
Reading Time: 2 minutes The chance of a possible strike at Cargill’s Case Ready Plant in Calgary is looming large, but it’s not yet clear if workers are headed to the picket lines.
U.S. livestock: Cattle futures down amid oversupply, weak retail demand
Reading Time: < 1 minute Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.