Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, led by lingering bearishness from last Friday’s U.S. Department of Agriculture cattle reports, traders said. USDA’s reports suggested a supply buildup in the coming months, which dropped futures by their 3-cent per pound daily price limit on Monday. August ended 0.700 […] Read more
U.S. livestock: Fund-selling extends CME live cattle futures losses
Klassen: Feeder market firm despite outside influences
Reading Time: 2 minutes Western Canadian feeder cattle markets were unchanged from week-ago levels despite the strengthening Canadian dollar, stronger feed grain values and weaker fed cattle prices. Feedlot operators are wondering if this is a mockery, a delusion or a snare. Shorter term replacements are hard to come by and haven’t softened a half hair length. Small groups […] Read more
U.S. livestock: Live cattle plunge after USDA reports
Reading Time: 2 minutes Chicago / Reuters – Some Chicago Mercantile Exchange live cattle contracts settled down the 3.000-cent per pound daily price limit on Monday following Friday’s bearish U.S. Department of Agriculture cattle reports, said traders. Friday’s USDA monthly Cattle-On-Feed report showed the largest June cattle placements for the month in 11 years. The twice-yearly U.S. cattle inventory […] Read more
Alabama finds atypical BSE case
Reading Time: < 1 minute Reuters — An 11-year-old cow in Alabama tested positive for bovine spongiform encephalopathy (BSE), the U.S. Department of Agriculture said on Tuesday. The cow tested positive for the atypical L-type of BSE after exhibiting clinical signs at an Alabama livestock market, USDA said in a press release. Atypical BSE can arise spontaneously in cattle herds, […] Read more
Klassen: Renewed optimism supports feeder market
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were trading $3 lower to as much as $5 higher. Once again, most auction barns were either closed or had limited numbers on offer. Lighter-weight yearlings were in high demand, especially after the triple-digit gains in the live and feeder cattle futures on Wednesday and Thursday. […] Read more
Nilsson Bros. to buy back JBS feedlot for $50 million
Reading Time: 2 minutes Scandal-plagued Brazilian meat packing giant JBS’s plans to sell off non-core assets will see its major cattle feedlot in southern Alberta sold back to its previous owner. JBS USA announced Friday its JBS Food Canada arm has reached a deal to sell Lakeside Feeders, its cattle feedlot and “adjacent farmland” at Brooks, Alta. for $50 […] Read more
JBS gets nod from Brazil court to divest assets
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA has received permission from a Brazilian appeals court to sell assets as the world’s largest meatpacker copes with fallout from a corruption scandal involving the family that controls it. In a statement on Thursday, JBS said it had learned that Brazil’s Regional Federal Court of the 1st Region […] Read more
Klassen: Feeder market eyes feed grain rally
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Limited cattle were on offer with the shortened holiday week, but quality groups were well bid. Feedlot operators have been aggressively selling fed cattle, freeing up pen space. Although feedlot inventories decline in the summer, many operations want to carry sufficient numbers into the […] Read more
India’s top court suspends ban on trade in cattle for slaughter
Reading Time: 2 minutes New Delhi | Reuters — India’s Supreme Court suspended on Tuesday a government ban on the trade of cattle for slaughter, a boost for the multi-billion dollar beef and leather industries mostly run by members of the Muslim minority. Prime Minister Narendra Modi’s Hindu nationalist government in May decreed that markets could only trade cattle […] Read more
New mentorship program looks to connect Angus breeders
New Angus breeders will be given the opportunity to pick more experienced brains on industry concerns, business development and day-to-day decisions through a mentorship program
Reading Time: 3 minutes What kind of advice can an Angus breeder in the Maritimes give to a breeder in Manitoba? If their management practices are similar enough, they might be about to find out. Participating long-term breeders will be paired off with industry newcomers this summer after the Canadian Angus Association launched its national mentorship program June 10. […] Read more
A message from April Stewart, Country Guide's Associate Editor
