Reading Time: 2 minutes Ranchers, consumers and others who have thoughts on how beef and its cattle should be sustainably produced in Canada are asked to speak up again, this time by early November at the latest. The Canadian Roundtable for Sustainable Beef (CRSB), in the midst of developing a Verified Sustainable Beef Framework, has released its new draft […] Read more
Public input sought on sustainable beef indicators
EU, Canada settle cattle battle at the WTO
Reading Time: 2 minutes Geneva | Reuters — The European Union and Canada have ended a 21-year dispute over hormone-treated meat after agreeing a wider trade agreement, they said in a filing published by the World Trade Organization on Tuesday. The settlement of the dispute at the WTO, which began in 1996, was facilitated by a liberalization of trade […] Read more
Klassen: Feeder market holds values through volatility
Reading Time: 2 minutes Buyers kept a respectful distance from the market early in the week. Western Canadian feeder cattle markets were lackadaisical due to the bearish sentiment of the U.S. Department of Agriculture’s Cattle on Feed report. However, by Friday, all weight categories were trading steady with week-ago levels. Feedlot operators were bent upon ownership with an insatiable […] Read more
Strong beef demand lifts Cargill profit for quarter
Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a 14 per cent rise in quarterly profit on Wednesday as strong beef demand and ample supplies of cattle lifted earnings for its animal nutrition and protein segment for a fifth straight quarter. The gains in protein offset a weaker year-on-year result for Cargill’s origination and […] Read more
U.S. livestock: Cattle limit down after bearish USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per pound, reversing from Friday’s 1-1/2 […] Read more
Klassen: Feeder market maintains upward momentum
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $8 higher. Strong gains in the live and feeder cattle futures, along with the softer Canadian dollar, set a positive tone for all weight categories. Central and southern Alberta feedlot operators were quite aggressive on local cattle, which caused major […] Read more
Philippines’ Jollibee eyes deals to grow
Reading Time: 3 minutes Manila/Singapore | Reuters — Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp. into a near-4,000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Dominant at home, where Jollibee has 1,000 eponymous stores welcoming diners with its smiling […] Read more
U.S. cattle placements spike in August
Reading Time: 2 minutes Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
Klassen: Feeder market experiences renewed optimism
Reading Time: 2 minutes Compared to last week, yearlings traded $3-$5 higher while calf prices were $5 to as much as $10 higher in some cases. Southern Alberta yearling prices were unchanged this week after trading at premium to western Canadian markets earlier in September. The U.S. Department of Agriculture came out on Tuesday and lowered its beef production […] Read more
Klassen: Strong Canadian dollar weighs on feeder market
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were down $3-$6 on average while calf values dropped $5 to as much as $10 in some cases. Most auction barns held feature yearling sales last week; there were small groups of calves available but the market was quite variable and hard to define in the lighter […] Read more
A message from April Stewart, Country Guide's Associate Editor
