Livestock
Reading Time: 2 minutes The Canadian Food Inspection Agency (CFIA) temporarily suspended U.S. imports from regions with Vesicular Stomatitis Virus (VSV)outbreaks, impacting cross-border horse, swine, and ruminant movement.
Livestock
CFIA suspends U.S. imports after Vesicular Stomatitis Virus outbreaks in Arizona
U.S. livestock: Cattle futures slide under pressure from weak cash prices
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle and feeder cattle futures tumbled under pressure from weakness in the cash market on Wednesday, traders said. Lean hog futures rebounded after sliding on Tuesday to their lowest level in about seven months. In the cash market, cattle traded at mostly $228 per hundredweight in southern […] Read more
Workers at Maple Leaf’s Lagimodiere plant in Winnipeg give overwhelming strike mandate
Reading Time: < 1 minute Workers at the Maple Leaf Consumer Foods plant on Lagimodiere Boulevard in Winnipeg, voted 98 per cent in favour of a strike mandate on Nov. 15.
Klassen: Beef demand uncertainty weighs on feeder market
Reading Time: 2 minutes For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the […] Read more
U.S. livestock: Cattle futures rebound after tariff reduction news
Reading Time: < 1 minute Chicago cattle futures opened lower before rebounding to close up on Monday. Lean hog futures settled on either side of unchanged. “Friday’s announcement on tariff reductions towards Brazil was seemingly blown out of proportion,” wrote analyst Christopher B. Swift. “I could not understand why such a lower opening on a 10 per cent reduction of […] Read more
U.S. livestock: Cattle, hog futures rise on first WASDE since September
Reading Time: < 1 minute Chicago cattle and hog futures made modest gains on Friday after the USDA released its first World Agricultural Supply and Demand Estimates (WASDE) since the the U.S. government shut down on October 1. Most-active February live cattle futures rose by 0.575 cents to close at 219.525 cents a pound. December contracts settled at 219.150 cents […] Read more
JBS profit falls amid still-challenging US market environment
Reading Time: 2 minutes JBS, the world’s largest meat company, reported a net profit fall in the third quarter in spite of a rise in global net sales amid a still-challenging beef market environment in the U.S., according to an earnings statement on Thursday.
U.S. livestock: Cattle futures continue downward
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Thursday, as a lack of fresh news continued to weigh on values. The December live cattle contract dropped 6.275 cents per pound at 219.000 cents. Feeder cattle fell 9.025 cents in the January contract at 318.450 cents per pound. The U.S. Department of Agriculture reported […] Read more
Klassen: Weaker fed market weighs on feeder cattle prices
Reading Time: 2 minutes For the week ending November 8, Western Canadian feeder cattle markets traded $10-$20/cwt below values from seven days earlier. Some packages weighing from 600 to 850 pounds were down as much as $30 from week-ago levels. The April live cattle futures fell $10/cwt over the course of the week while Alberta barley prices gained $5-$8/cwt. […] Read more
U.S. livestock: Hogs rebound, cattle hit upward limits
Reading Time: < 1 minute Chicago hog futures rallied on Monday after a long slide. Cattle futures also jumped with all feeder contracts hitting upward limits. Most-active December lean hog contracts closed at 82.775 cents a pound, up 3.375 cents. February futures settled at 82.825 cents per pound, up 3.475 cents. Pork carcass cutout value ended the afternoon at $100.22 […] Read more