Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures climbed on Thursday to a one-year top for the third straight day, and deferred contracts marked fresh highs, helped by firmer wholesale beef values, traders said. April live cattle closed 1.700 cents per pound higher at 129.625 cents. June ended 0.525 cent higher at 116.475 cents and […] Read more
U.S. livestock: Live cattle futures again notch 1-year highs
Brazil’s JBS to resume slaughtering at six idle beef units next week
Reading Time: < 1 minute São Paulo/Reuters – The world’s largest meatpacker JBS SA will next week resume slaughtering at six out of 10 beef processing units after sending workers on temporary leave earlier this month, the company said in a statement on Thursday. Another four units will restart operations on May 2 after “reforms, operating adjustments and the modernization […] Read more
U.S. livestock: Live cattle futures up for 9th straight session
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rose on Wednesday for the ninth consecutive session, and hit a one-year high for a second day in a row, after cash prices exceeded expectations, traders said. April live cattle closed 1.150 cents per pound higher at 127.925 cents, and June up 0.300 cent at 115.950 cents. […] Read more
Klassen: Renewed confidence lifts feeder cattle market
Reading Time: 2 minutes Western Canadian feeder cattle markets traded $3-$5 above week-ago levels on average; stronger buying interest was noted on short-keep cattle with prices quoted $5 to as much as $8 higher. Feedlot operators stepped forward more aggressively with ideas that yearling supplies will dwindle over the next month. Quality cattle are starting to thin out at […] Read more
Alberta to restore non-refundable checkoff option
Reading Time: 2 minutes Alberta’s farmed-commodity commissions may soon be able to make their checkoffs non-refundable again if their producer members are willing. The provincial government on Tuesday tabled amendments to the Marketing of Agricultural Products Act (MAPA) which would grant each of the province’s 13 agricultural commissions the ability to determine whether their checkoffs should be refundable or […] Read more
Klassen: Limited demand means mixed tone for feeders
Reading Time: 2 minutes Western Canadian feeder cattle prices experienced a mixed tone this past week. Heavier weaned calves were trading steady to as much as $4 higher compared to last week; however, shorter-term replacements were steady to $3 lower. Alberta packers were buying fed cattle in the range of $170 to $172, down from week-ago levels of $177. […] Read more
Jaylor to buy U.S. TMR mixer manufacturer
Reading Time: < 1 minute Southern Ontario feed mixer manufacturer Jaylor plans to expand its total mixed ration (TMR) product lineup by buying a U.S. competitor. Jaylor, based at Orton, Ont., about 30 km north of Guelph, announced Wednesday it has bought a controlling stake in Colorado manufacturer MMI International, previously known as Mohrlang Manufacturing, for an undisclosed sum. “For […] Read more
Klassen: Feeder cattle upward trend stalls
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Noticeable slippage was noted in shorter-keep cattle while lighter weight categories experienced spurts of $2-$3 above last week’s prices. Alberta packers were buying fed cattle at $292 on a dressed basis, up about $4-$6 from week-ago levels. However, auction rings experienced a subdued tone […] Read more
JBS accused of violating rainforest protection laws
Reading Time: 3 minutes Brasilia | Reuters –– The world’s largest meatpacker, Brazil’s JBS SA, has for years knowingly bought cattle that were raised on illegally deforested land, turning a blind eye to regulations meant to protect the Amazon rainforest, Brazil’s environmental regulator has alleged. The accusation comes even as JBS and other meatpackers in Brazil, the top global […] Read more
U.S. livestock: Cattle, hogs narrowly mixed on quarter-end positioning
Reading Time: 2 minutes Chicago/Reuters – U.S. livestock futures were narrowly mixed on Friday, with live cattle edging slightly higher in a rebound from an earlier 10-day low as investors squared up their positions on the final day of the quarter, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle settled unchanged at 110.875 cents per lb, […] Read more
A message from April Stewart, Country Guide's Associate Editor
