Reading Time: 2 minutes For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.
Klassen: Buyers tasting feeder cattle prices for fall run
Guelph Cargill strike vote to take place Saturday
Reading Time: < 1 minute Striking workers at Cargill's Dunlop beef processing plant in Guelph have a recommended memorandum of settlement in place and they will vote on the possible deal on Saturday.
Maritime beef producers get price protection
Two-year pilot gives Maritime producers an equivalent program to the rest of the country
Reading Time: 2 minutes Producers in New Brunswick and Prince Edward Island, and soon Nova Scotia, will have access to a program that will allow them to purchase insurance on price protection for their beef cattle in case of an unforeseen market disruption.
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
Reading Time: 2 minutes Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
Feds announce early livestock tax deferral
Reading Time: 2 minutes Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
U.S. livestock: Lean hog futures retreat as wholesale US pork prices sag
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
Cattle producers wary of grasslands conservation proposal
Reading Time: < 1 minute Glacier FarmMedia – Saskatchewan Stock Growers Association members want the Canadian Cattle Association to press pause on its Grasslands Conservation Initiative until it can better communicate its plan. Several resolutions about the initiative were debated during the SSGA annual meeting June 11 and while some were defeated members did approve one calling on CCA to […] Read more
U.S. livestock: Live cattle, lean hog futures end lower
Reading Time: < 1 minute Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed lower on Tuesday in dull technical trade as market players await cash cattle trade to develop, brokers said. CME August live cattle LCQ24 settled down 1.050 cents at 178.925 cents per pound, although the contract stayed above its 100- and 200-day moving averages. CME August […] Read more
Klassen: Feeder cattle market ratchets higher on stronger fed market
Reading Time: 2 minutes For the week ending June 8, Western Canadian feeder cattle markets traded $3 to $6 above week-ago levels. In certain locations, quality packages of 600 pound plus steers were $8 to $10 higher compared to seven days earlier. Alberta packers were buying fed cattle on a dressed basis at $440/cwt, up $2/cwt from the previous […] Read more
Livestock Price Insurance coming to maritime producers
Reading Time: < 1 minute At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something […] Read more
A message from April Stewart, Country Guide's Associate Editor
