Reading Time: 2 minutes Sydney | Reuters –– A Chinese billionaire has bought two large Australian cattle stations for A$47 million (C$44.8 million), in at least the third deal this year involving a Chinese investor buying into the country’s farmlands. Xingfa Ma, who owns the Tianma Bearing Group Co., snapped up 40,000 head of cattle along with the 705,700-hectare […] Read more
Chinese billionaire buys Australian cattle stations
U.S. livestock: Lower cash-price sentiment weakens CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– After gaining for the first time in five days on Tuesday, Chicago Mercantile Exchange live cattle futures resumed their downward trend on Wednesday, pressured by expectations for lower cash prices this week, traders said. August closed 0.125 cent/lb. lower at 147.025 cents, and October down 0.1 cent at 150.225 cents (all […] Read more
Sask. to open protected grasslands for grazing
Reading Time: 2 minutes Crown-held native prairie and other grasslands held for wildlife conservation in Saskatchewan will be opened up to ranchers needing grazing land for cattle in dry areas. Environment Minister Herb Cox announced Tuesday the province will make about 90,000 acres of Fish and Wildlife Development Fund (FWDF) land available to cattle producers. The same grazing lease […] Read more
Talks wrap on Canada/Ukraine free trade pact
Reading Time: 2 minutes Canada’s crop and livestock producers expect to benefit soon from a free trade agreement with Ukraine, on which the two countries’ governments have now formally completed talks. Prime Minister Stephen Harper announced Tuesday, during a visit from Ukraine’s Prime Minister Arseniy Yatsenyuk, that trade negotiations between the two countries wrapped up in Kiev on July 9, and […] Read more
U.S. livestock: Beef price upswing snaps skid for live cattle
Reading Time: 2 minutes Chicago | Reuters — For the first time in five sessions Chicago Mercantile Exchange live cattle futures landed in positive territory on Tuesday, helped by the turnaround in wholesale beef values, traders said. August closed 0.55 cent/lb. higher at 147.15 cents, and October up 0.6 cent to 150.325 cents (all figures US$). Tuesday morning’s wholesale […] Read more
U.S. livestock: CME live cattle down fourth straight session
Reading Time: 2 minutes Chicago | Reuters — Monday saw Chicago Mercantile Exchange live cattle futures slide for a fourth consecutive session, dragged down by slumping seasonal beef demand that could again pressure cash prices for this week, traders said. August closed down 0.875 cent/lb. to 146.625 cents, and October 0.7 cent lower at 149.75 cents (all figures US$). […] Read more
U.S. livestock: Fundamental woes extend losses for CME live cattle
Reading Time: 2 minutes Chicago | Reuters — A selloff of Chicago Mercantile Exchange live cattle futures carried over into the third straight session on Friday, pressured by diminished seasonal beef demand and sentiment that cash prices may have topped out, traders said. August closed down one cent per pound at 147.475 cents, and October fell 1.375 cents, to […] Read more
U.S. livestock: CME live cattle sag, but off session lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses on Thursday, hit by slumping wholesale beef demand and initial technical selling, traders said. But, short-covering and hopes of steady-to-better cash prices than last week for unsold cattle freed contracts from morning lows, they said. August closed down 0.525 cent/lb. to 148.475 cents, […] Read more
Drought creates speed bump for cattle herd expansion
Reading Time: 2 minutes CNS Canada — Expansion efforts in Canada’s cattle sector are likely taking a breather right now, as a lack of rain in Alberta and Saskatchewan creates challenges for ranchers trying to feed their animals. According to Anne Wasko of Gateway Livestock Inc. at Taber, Alta., some cattle in the western Prairies are already being moved […] Read more
U.S. livestock: Stock market turmoil rattles CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Wednesday, pressured in part by the tumbling Chinese stock market and its impact on Wall Street, traders said. World markets were shaken during the day by a halt in New York Stock Exchange trading, the crash in Chinese stocks and Greece’s ongoing […] Read more
A message from April Stewart, Country Guide's Associate Editor
