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
Feds fund Canada Beef export promotion
$6.4 million over three years
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
Klassen: Feeder cattle market experiences thin trade
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Many auction barns are in holiday mode and the shortened holiday week further shrunk market activity. In any case, feedlot operations on both sides of the border are focused on selling fed cattle and assessing current financial damage rather than bringing in replacements. The […] Read more
Canadian beef follows tricky paths to international markets
Reading Time: 2 minutes CNS Canada — Canadian beef continues to find its way to markets around the world, but while a new deal with Mexico has brought smiles to the cattle industry, questions remain surrounding Canada’s proposed trade deal with the European Union. Britain’s recent referendum to exit the European Union has thrown into question whether the Comprehensive […] Read more
Online U.S. cattle auction halts activity
Reading Time: 2 minutes Chicago | Reuters –– Organizers of an online U.S. cattle auction that ranchers and traders had hoped would help restore transparency to livestock pricing nationwide said on Wednesday they would suspend activity indefinitely after just four sessions. The Fed Cattle Exchange, which held its first live feeder cattle auction on May 25, determined that it […] Read more
A message from April Stewart, Country Guide's Associate Editor
