Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian meatpacker JBS SA said listing a subsidiary in the U.S. remained a priority, even as two controlling shareholders in the company remain in jail for insider trading and their role in a corruption scandal. The long-planned initial public offering of its processed food subsidiary JBS Foods International BV was […] Read more
JBS says listing of U.S. unit remains priority
Klassen: Tight margins weigh on feeder cattle
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices traded $5 higher to $5 lower; however, yearlings were a solid $2 to $4 lower. Negative feeding margins over the past month, along with weakness in the deferred live cattle futures, set a negative tone in the heavier weight classes. The calf market appears to be […] Read more
China to accept Canadian chilled beef, pork in pilot project
Reading Time: 2 minutes Exporters of Canadian beef and pork are set to get expanded access to the “massive” Chinese market through a new bilateral pilot project. Prime Minister Justin Trudeau and Chinese Premier Li Keqiang on Monday announced a series of joint initiatives and agreements in several fields including “a pilot project for the export of Canadian chilled […] Read more
Klassen: Winter weather weighs on feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were relatively unchanged. However, quality features played a larger role in the price structure. Buyers shied away on fleshier yearlings which is often the case when margins move into negative territory. It’s that time of year when thicker coats can be somewhat misleading and buyers pulled […] Read more
Klassen: Feeder market rally stalls
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Eastern Prairie markets were softer but continue to maintain a $5 to as much as $8 premium over major feeding regions of Alberta. We’ve seen a sharp year-over-year increase in imports from the U.S., which is causing a variable price structure to develop across […] Read more
Russia to restrict Brazilian pork, beef imports from Dec. 1
Reading Time: < 1 minute Moscow/Brasilia | Reuters – Russia will place temporary restrictions on imports of pork and beef products from Brazil from Dec. 1, the country’s agricultural safety watchdog Rosselkhoznadzor said on Monday. Russia said last week it was considering a ban on all pork and beef imports from Brazil after finding the feed additive ractopamine in some […] Read more
U.S. livestock: Fund selloff sinks CME live cattle to 4-month low
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday’s bearish U.S. government cattle report, traders said. Last Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed lots […] Read more
U.S livestock: CME live cattle futures ease before USDA report
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished the week with losses as investors tweaked positions ahead of the U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT), said traders. Analysts, on average, expect the report to show 7.7 percent more cattle were placed into U.S. feedlots last […] Read more
A FLARE for agriculture
For FLARE magazine, it was an idea to attract readers. For Amanda Brodhagen, it was a chance to shatter so many farm stereotypes
Reading Time: 8 minutes Advocacy to Amanda Brodhagen means taking action. It’s not just about sharing her farm experiences on social media — although she does plenty of that — it’s about taking time to volunteer at the Beef Farmers of Ontario booth at the Royal Agricultural Winter Fair each year as well as serving on the executive of […] Read more
Klassen: Feeder market maintains upward trend
Reading Time: 2 minutes Western Canadian feeder cattle prices were quite variable this past week. Strength was noted in the eastern Prairie regions where markets traded $5 to as much as $10 above week-ago levels; however, Alberta steer prices were relatively unchanged but heifers traded $5 to $8 higher. Available feeder supplies will tighten as we approach the end […] Read more
A message from April Stewart, Country Guide's Associate Editor
