Reading Time: 4 minutes Canada’s food safety agency is still tracking down the last herdmates of the country’s 19th domestic case of BSE, but will otherwise assume the Alberta cow most likely caught the disease from traces of proteins in its early feed. The Canadian Food Inspection Agency on Nov. 30 submitted its final report on Case 19 — […] Read more
Feed was ‘most plausible’ source of BSE in Case 19
Klassen: Feeder cattle stabilize near annual lows
Reading Time: 2 minutes Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this […] Read more
U.S. livestock: Cattle fall most in two weeks on dry Plains forecast
Reading Time: 2 minutes Chicago | Reuters –– U.S. cattle futures fell as much as 2.5 per cent on Monday, with both live and feeder cattle contracts posting their largest daily declines in two weeks on ample supplies and expectations for improved weather in the southern Plains. Snow, ice and rains slowed movement of cattle to market last week […] Read more
U.S. livestock: Cattle up for week, first time since October
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures edged higher on Friday, capping their first weekly gain in five weeks as wintry weather across the central U.S. slowed the movement of cattle to market. Storms from New Mexico to Illinois that brought ice, snow and pounding rain caused flooding, killing at least three […] Read more
U.S. livestock: Lean hogs hit three-week high as cash prices stabilize
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures jumped as much as two per cent on Wednesday, lifted by stabilizing cash prices and ideas the market may have bottomed out after hitting six-year lows earlier this month. Live cattle futures and feeder cattle also were higher in light-volume trading at the Chicago Mercantile Exchange ahead […] Read more
U.S. livestock: Cattle ease on profit-taking after one-week highs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures fell as much as 1.8 per cent on Tuesday as investors took profits after prices hit a one-week high in the previous session, traders and analysts said. A government report on Monday showing bigger beef supplies than a year ago also weighed on futures […] Read more
Klassen: Weaker fed cattle pressure feeder market
Reading Time: 2 minutes Alan Paton stated when men are ruled by fear, they strive to prevent the very changes that will abate it. The feeder cattle market is contending with a negative round of feeding margins over the next few months, which continues to result in weaker values. Western Canadian feeder cattle prices were generally $3 to $8 […] Read more
U.S. livestock: CME live cattle snap back ahead of holiday
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts ended up sharply on Monday, driven by active short-covering as some investors prepare for Thanksgiving holiday vacations, traders said. “Some of these guys are so frustrated with market volatility and uncertainty that they’re looking forward to some time off,” a trader said. Spot December finished […] Read more
U.S. feedlot cattle placements hit nearly 20-year low
Reading Time: 2 minutes Chicago | Reuters — The number of cattle placed into U.S. feedlots last month declined four per cent from a year ago to their lowest level for October since the government began tabulating the data in 1996, a U.S. Department of Agriculture report showed on Friday. October’s placement results nearly matched forecasts by analysts, who […] Read more
U.S. livestock: Lower beef quote undermines CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Thursday after profit-taking and a drop in the day’s wholesale beef price ended a two-day rally, traders said. Spot December and February finished 1.075 cents/lb. lower at 129.9 and 132.05 cents, respectively (all figures US$). Thursday morning’s wholesale choice beef price had fallen […] Read more
A message from April Stewart, Country Guide's Associate Editor
