Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per […] Read more
U.S. livestock: Cattle futures extend rally; hog contracts weaken
Klassen: Feeder cattle market grinds lower
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were down $2-$5 while calves dropped by $3 to as much as $8. We’re now seeing some medium-quality calves weighing around 550 lbs. sell under the psychological $200 level in central Alberta. The market is lacking demand. Feedlot inventories are running 33 per cent above the five-year […] Read more
U.S. livestock: CME cattle futures rise on support from fewer cattle placements
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more
Klassen: Feeder market reflects softer sentiment
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$4 lower; calves over 700 lbs. appeared to hold value; calves weighing less than 700 lbs. were down $3 to as much as $5. The yearling run is basically finished. Ontario buying interest was supportive in the eastern Prairie regions due to the bumper corn crop; […] Read more
Klassen: Demand for feeder cattle eases
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000 […] Read more
Walmart stakes big claim on Canadian sustainable beef
Retailer pledges to take over 680 tonnes in 2022
Reading Time: 3 minutes The Canadian arm of the world’s biggest retailer has put a number to its previous commitment to source certified-sustainable beef for its grocery business. Walmart Canada on Thursday announced it has committed to buy 1.5 million pounds of beef sourced from farms and ranches certified to Canadian Roundtable for Sustainable Beef (CRSB) standards over the […] Read more
Brazil’s JBS bought 301,000 cattle from ‘irregular’ farms in Amazon, audit finds
Prosecutors 'negotiating improvements' with companies
Reading Time: 2 minutes Sao Paulo | Reuters — Nearly a third of the cattle bought by JBS SA in the Brazilian Amazon state of Para came from ranches with “irregularities” such as illegal deforestation, prosecutors found in a 2020 audit of the world’s largest meatpacker released on Thursday. In a presentation, federal prosecutors said they were “negotiating improvements” […] Read more
Klassen: Feeder market continues consolidation
U.S. corn northbound into Prairies
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more
Argentina to restart beef exports to China after caps lifted
Reading Time: < 1 minute Buenos Aires | Reuters — Argentina on Tuesday said it would once again allow cattle farmers to freely export beef to China, lifting a cap imposed earlier this year that had stoked tensions with the agricultural sector. The government had capped beef exports at 50 per cent of the normal volumes to tamp down fast-rising […] Read more
Saddle up to the tastes of Calgary
Of course Calgary means great beef. More than that, though, for farmers, it’s a taste of the future
Reading Time: 5 minutes A locally sourced, perfectly aged and superbly cooked Black Angus steak has been the signature item on Calgary restaurant menus for decades. It should come as no surprise. Alberta’s 8,000 beef producers provide half of Canada’s supply. Their five million head outnumber the province’s population, and these animals, renowned for their rich, marbled flavour, thrive […] Read more
A message from April Stewart, Country Guide's Associate Editor
