Reading Time: < 1 minute Reuters – Australia’s richest woman Gina Rinehart has expanded her cattle business, buying two cattle properties in the country’s north, as the billionaire seeks to profit from Asia’s fast-growing food market. The cattle properties, located southwest of the town of Katherine in the Northern Territory, were bought from one of Indonesia’s largest importers of cattle, Japfa, […] Read more
Australia’s richest woman buys two cattle stations
U.S. livestock: CME live cattle futures plunge to five-year low on supply worries
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle futures on Thursday slumped to a five-year low in anticipation of increased supplies that could further pressure wholesale beef prices, traders said. August live cattle ended 1.900 cents per lb lower at 107.525 cents, and October closed 2.375 cents lower at 105.700 cents. Affordable grain reduced cattle input costs which translates into plenty […] Read more
U.S. livestock: Lower cash, beef prices again sink CME live cattle futures
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle futures’ extended their losses on Wednesday from the previous session, led by the morning’s lower cash and wholesale pork prices, traders said. August live cattle ended 0.975 cent per lb lower at 109.425 cents, and October closed 1.400 cents lower at 108.075 cents. A small number of market-ready, or cash cattle in […] Read more
Feds fund Canada Beef export promotion
$6.4 million over three years
Reading Time: < 1 minute Agriculture and Agri-Food Minister Lawrence MacAulay has announced funding of up to $6.4 million over three years for Canada Beef Inc., the national agency for research and promotion. A government release said the funds will support Canadian Beef’s three-year market development and promotion plan targeting key regional hubs in Asia, Europe, North America and Latin […] Read more
U.S. livestock: Technical selloff upends CME live cattle futures
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts closed sharply lower on Tuesday, undercut by technical-related selling that wiped out Monday’s gains, traders said. They said August futures led losers after investors periodically sold that contract and simultaneously bought deferred months in a trading strategy known as bear spreading. August live cattle ended 2.050 cents per lb lower […] Read more
U.S. livestock: CME live cattle futures shrug off early selling
Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts settled higher on Monday after short-covering and futures’ discounts to late last week’s cash prices offset early-session losses, traders said. August live cattle ended 1.525 cents per lb higher at 112.450 cents, and finished above the 20-day moving average of 112.05 cents. October closed 0.775 cent […] Read more
Klassen: Feeder market remains in summer doldrums
Reading Time: 2 minutes Western Canadian feeder cattle prices were quite variable over the past week. Cattle weighing over 700 lbs. were under pressure while calves appeared to trade steady with week-ago levels. The Calgary Stampede period is one week that cattle men and women don’t worry about markets and just enjoy the celebration of fine culture. Small groups […] Read more
Klassen: Feeder market weathering summer storms
Reading Time: 2 minutes Western Canadian feeder cattle were traded $3 to $5 below week-ago levels, with replacements over 700 lbs. absorbing the bulk of the decline. Despite the sharp drop in barley prices, uncertainty in the deferred cash fed cattle prices caused feedlots operators to back away from the market. Secondly, ideas are that yearling prices will weaken […] Read more
Cargill to sell two Texas feedlots
Reading Time: < 1 minute Reuters — Cargill, a top U.S. meat processor, said Friday it will sell two Texas beef cattle feedlots to Amarillo-based Friona Industries pending final agreements and regulatory reviews. Under the deal, Friona will acquire Cargill’s cattle feedlots at Bovina and Dalhart, Texas. Cargill said in a statement it will retain ownership of its cattle feedyards […] Read more
Taiwan again accepting Canadian UTM beef
Reading Time: 3 minutes One of the top international importers of Canadian beef is back in the market after closing its ports to the product last year. Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Friday announced Taiwan will again accept beef from Canadian cattle under 30 months of age (UTMs), effective immediately. Taiwan had pulled the […] Read more
A message from April Stewart, Country Guide's Associate Editor
