Livestock
Reading Time: < 1 minute Chicago live and feeder cattle futures fell by their limits on Monday following news of a Nebraska processing plant closure. All live cattle contracts fell by 7.250 cents. Most-traded June contracts settled at 201.725 cents a pound while February futures closed at 207.525 cents. Feeder cattle contracts dropped by their 9.250-cent limit. Most-traded March futures […] Read more
U.S. livestock: Cattle futures end limit down
Tyson Foods to close major US beef plant as cattle supplies dwindle
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Reading Time: 2 minutes Tyson Foods will close a major beef plant in Lexington, Nebraska, with about 3,200 employees in January after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.
Tyson Foods to close U.S. beef plant as cattle supplies dwindle
Reading Time: < 1 minute Tyson Foods will close a beef plant in Lexington, Nebraska, with about 3,200 employees after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.
U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, pressured by the removal of United States tariffs on Brazilian beef announced Thursday. The 40-per cent tariffs were removed by the White House to bring down beef prices and should result in Brazilian beef moving into the U.S. once again. Talk that the U.S. […] Read more
CFIA suspends U.S. imports after Vesicular Stomatitis Virus outbreaks in Arizona
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.
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
A message from April Stewart, Country Guide's Associate Editor
