Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday as corn futures rallied following the U.S. Department of Agriculture’s supply and demand report that lowered corn ending stocks, traders said. Meanwhile, hog futures were mixed as bargain buying counterbalanced seasonal price pressure. CME most-active October feeder cattle FCU24 closed down 2.05 cents at […] Read more
U.S. livestock: CME cattle fall on rallying corn prices
National Beef Strategy celebrates gains
Reading Time: < 1 minute The Canadian Beef Advisors, comprised of national beef organizations, is celebrating achieving many of the goals in the 2020-24 National Beef Strategy.
Klassen: Feeder rally stalls
Reading Time: 2 minutes For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
China shuts cattle farm after anthrax outbreak, five human infections
Reading Time: < 1 minute China's eastern Shandong province reported five people were infected with anthrax and a beef cattle farm was shut after an outbreak was discovered in the agricultural province.
CFIA won’t enforce some ritual slaughter requirements after appeal from Jewish organizations
Reading Time: 2 minutes The CFIA will no longer require three determinations of unconsciousness previously mandated for ritually slaughtered animals after a recent federal court ruling. Jewish organizations and companies had appealed the Canadian Food Inspection Agency (CFIA) regulations in court, claiming they made kosher slaughter difficult, which resulted in a disruption in supply of kosher meat in Canada.
Farm writer and political fundraiser Mark Kihn passes
Reading Time: 2 minutes After a long struggle with cancer, Mark Kihn, the former owner and publisher of the Charolais Banner, has died. Outside the beef industry, Kihn is likely best known for his work fundraising for Stephen Harper, rustling up over $3.5 million for Harper’s two leadership campaigns.
U.S. livestock: Live cattle futures surge on cash market, GDP data
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures climbed on Thursday, as prices in the cash market rose and signs of strength appeared in the U.S. economy, market analysts said. At one point during the session, the most-active October live cattle futures contract LCV24 surged up to 189.050 cents per pound – the highest price […] Read more
Brazil beef output to hit record in 2024, Conab says
Reading Time: < 1 minute Sao Paulo | Reuters – Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, national crop agency Conab said on Thursday, a 7.1 per cent year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen reaching 3.44 million […] Read more
Klassen: Feeder market leaps higher
Reading Time: 2 minutes For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
Beef experts share lessons learned from three years of drought
Reading Time: 2 minutes Prairie beef farmers were forced to find new feed sources, learn new processes and make difficult decisions in managing their feed inventories in the past few years.
A message from April Stewart, Country Guide's Associate Editor
