Reading Time: < 1 minute One of the world’s biggest livestock identification firms has expanded its share of the radio frequency ID (RFID) tag reader market with a deal to buy German manufacturer Agrident. Allflex, whose parent firm the Allflex Group rebranded in February under the name Antelliq, announced Aug. 21 it has bought Agrident for an undisclosed sum. Agrident, […] Read more
Allflex buys RFID reader maker Agrident
Prairies’ dry weather may stem U.S. cattle stampede north
Reading Time: 2 minutes Winnipeg | Reuters — Parched pastures and crops in Western Canada are driving up cattle-feeding costs, and farmers and analysts expect the changing economics to stem a recent stampede of U.S. cattle being brought over the border. Canada imported 65,035 head of cattle from the U.S. from January through June, nearly double the pace of […] Read more
Klassen: Feeder cattle market softens
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $2-$5 lower on average while calf markets were relatively unchanged. Weakness in deferred live cattle futures, along with stronger barley prices, set a negative tone. Most of the Prairies have received less than 40 per cent of normal precipitation over the last 30 days, but this […] Read more
U.S. livestock: CME live cattle futures down for 3rd day
Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures fell Friday for a third straight session, with the benchmark CME October contract notching a six-week low on disappointing cash cattle values, traders said. Slaughter-ready cattle traded Thursday at $109 per cwt in Texas and Kansas, down from $109 to $110.50 last week. Some traders had been […] Read more
U.S. livestock: CME live cattle futures decline after weaker cash trade
Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures declined on Thursday after cash cattle traded in Kansas and Texas at mostly lower prices than a week ago, traders said. CME Group feeder cattle futures edged higher while lean hog futures ended mixed, with the nearby October contract down more than 2 cents per cwt, or […] Read more
Klassen: Feeder market eyes feed grain prices
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets were $4 on either side of unchanged and the market was quite variable across the Prairies. Strength was noted early in the week but feedlot operators pulled in the reins on Thursday and Friday. Strength in the barley market along with lower feeder cattle prices south of […] Read more
Klassen: Strong demand drives yearlings higher
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 higher, with quality packages advancing $4-$6. Feedlot operators shrugged off the weaker live cattle futures as feed grain prices came under pressure. Cattle brokers were carrying a full deck of orders, which allowed for limited slippage. Feedlots are anxious to secure ownership early in the […] Read more
Manitoba Beef Producers president steps down
Reading Time: < 1 minute The race to become the federal Conservatives’ candidate in Dauphin has claimed a second Manitoba farm leader. Dauphin-area rancher Ben Fox, president of Manitoba Beef Producers and the District 13 representative on the group’s board, announced Tuesday he had resigned as MBP president to seek a “federal party nomination.” MBP didn’t say which nomination Fox […] Read more
U.S. livestock: Hog futures fall to new contract lows on heavy supplies
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures tumbled about 3 percent to fresh life-of-contract lows on Wednesday as cash hog and pork prices extended declines amid abundant supplies and worries of sagging demand, traders said. Most active October lean hog futures fell 1.575 cents to 48.400 cents per pound while front-month August […] Read more
U.S. livestock: Feeder cattle fall on technical selling; hogs mostly lower
Reading Time: 2 minutes Chicago | Reuters – U.S. cattle futures fell on Tuesday, with feeder cattle easing about 2 percent on pressure from technical selling and abundant supplies, traders and analysts said. Lean hog futures also were mostly lower on the Chicago Mercantile Exchange, weighed down by declining prices for hogs in cash markets and lower wholesale pork […] Read more
A message from April Stewart, Country Guide's Associate Editor
