GFM Network News

More News →

Beef Cattle

CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Finishers, Livestock, Markets

Klassen: Stronger demand drives feeder market

By
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market digests USDA acreage report

By
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

By ,
Reading Time: 2 minutes Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more
CME May 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Feeder market remains volatile

Feed grain values remain firm

By
Reading Time: 2 minutes Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more
Strip steak with mushrooms. (Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Beef trade gap seen growing as U.K. pact clears Parliament

Interim post-Brexit trade deal gets royal assent

By
Reading Time: 3 minutes Canada’s beef cattle producers are warning of a growing beef trade deficit, not only between Canada and the European Union but between Canada and the United Kingdom, as a new stopgap U.K. trade pact nears its launch. International Trade Minister Mary Ng on Friday announced Canada is ratifying the Canada-U.K. Trade Continuity Agreement (TCA), after […] Read more
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs follow broader commodities markets lower

"We were a little top heavy coming in"

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures posted steep losses in most contracts on Thursday as a broad-based commodities market selloff, led by sinking crude oil and a firmer U.S. dollar, weighed on prices. Fundamental factors for both cattle and hogs remained solid amid strong beef and pork exports and good […] Read more
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on tightening hog supplies, strong pork demand

CME live cattle futures mixed

By
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Tuesday on lofty pork prices, tightening hog supplies and hopes for improved meat demand as economies begin to fully re-open after coronavirus pandemic shutdowns. Hog supplies have tightened following liquidation of the U.S. sow herd last year and some disease-related U.S. […] Read more
A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)
Beef Cattle, Dairy Cattle, Livestock

Canada clears step toward ‘negligible risk’ BSE status

OIE delegates to vote in late May, CFIA says

By
Reading Time: 3 minutes The international committee that reviews countries’ requests for animal health status on specific diseases has called for Canada to level up on its status for BSE. The Scientific Commission of the OIE (World Organization for Animal Health), which last met virtually over Feb. 1-12, has recommended to OIE delegates that Canada’s application seeking “negligible risk” […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending April 9, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.