Reading Time: 2 minutes Western Canadian feeder cattle markets experienced a softer tone over the past week. Alberta prices were generally steady to $4 lower while in the eastern Prairies, markets were $4 to $7 below week-ago levels. The weaker tone in the deferred futures, along with the stronger Canadian dollar, were the main factors weighing on feeder values. […] Read more
Klassen: Feedlots risk-averse on feeder cattle purchases
Year-over-year same-store sales climb for A+W
Reading Time: 2 minutes Canadian burger-and-root beer chain A+W’s recent moves to boost the profile of its ingredients in a crowded quick-service playing field has pushed its sales past the billion-dollar mark in 2015. The A+W Revenue Royalties Income Fund on Friday reported net income of $21.32 million on $1.061 billion in reported sales from the 814 restaurants in […] Read more
U.S. livestock: CME live cattle finish mostly weak
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed weak on Thursday, after investors sold deferred months and bought February in anticipation of at least steady cash prices by Friday, traders said. Packers in Kansas and Texas on Thursday bid $138/cwt for market-ready, or cash, cattle, which matched last week’s sales, said […] Read more
New further-month live cattle futures, options to resume
Reading Time: < 1 minute Chicago | Reuters — CME Group plans to resume its listing schedule for live cattle futures and options contracts, effective Feb. 18, the exchange said in a statement Wednesday. CME said it will post the June 2017 live cattle futures and options contract that was originally scheduled to be listed on Jan. 4. The exchange […] Read more
Klassen: Feeder market experiences defensive tone
Reading Time: 2 minutes Feedlot operators continue to pull in the reins on replacement cattle purchases because another month-end budget for the bank does not look healthy. Alberta sales barns experienced a soft tone, with sales $4 to $6 below week-ago while eastern Prairie regions received spillover support from U.S. markets. Manitoba markets were notably $3 to $8 higher […] Read more
Georgia to accept Canadian breeding cattle, hogs
Reading Time: < 1 minute Canada may be able to move up to $2.5 million more in live breeding cattle and live breeding swine to the Black Sea region each year, with new market access to Georgia. The former Soviet country’s government will allow imports of Canadian breeding cattle and hogs effective immediately, Agriculture Minister Lawrence MacAulay and Trade Minister […] Read more
U.S. cattle herd growth to five-year high spells cheaper beef ahead
Reading Time: 2 minutes Chicago | Reuters — Beef prices will keep trending lower, analysts said after the government’s semi-annual cattle inventory report on Friday showed the U.S. cattle herd as of Jan. 1 grew three per cent from a year ago, to a five-year high. Healthy pastures, more-affordable grain and record-high cattle prices a year ago encouraged ranchers […] Read more
Online cattle auction aims to shake up U.S. market
Reading Time: 2 minutes San Diego | Reuters — A proposal for an online auction that could shake up the U.S. pricing model for cattle is set to make its public debut on Friday after a test run last week, with the support of a unit of the world’s largest meatpacker. Producers have worried for years that the country’s […] Read more
Klassen: Feeders still vulnerable in financial market turbulence
Reading Time: 2 minutes Western Canadian feeder cattle prices experienced a defensive tone over the past week. Cattleman had their eyes glued to the equity market meltdown, which enhanced fears the fed cattle market would follow suit. Live cattle futures were on a roller coaster, and a late-week bounce in the Canadian dollar added to market uncertainty. Buyers were […] Read more
McDonald’s sales beat as all-day breakfast a hit
Reading Time: 2 minutes Reuters — McDonald’s Corp. reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the U.S. and demand continued to recover in China. The world’s biggest restaurant chain’s shares jumped 3.4 per cent in premarket trading on Monday. McDonald’s introduced all-day breakfasts in October in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
