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(JBSsa.com)
Beef Cattle, Livestock, Markets, Reuters

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

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Reading Time: 2 minutes Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures jump on tightening supplies

Lower wholesale pork values drag on hogs

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$). […] Read more
File photo of gray wolves howling in British Columbia. (Pac9012/iStock/Getty Images)
Livestock, Reuters

U.S. lifts federal protections for gray wolf

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Reading Time: 2 minutes Reuters — The Trump administration in the U.S. said Thursday said it will lift Endangered Species Act protections for the gray wolf, arguing the species had been brought back successfully from the brink of extinction. The move gives states in the continuous United States the authority to manage their local wolf populations, including by allowing […] Read more
CME December 2020 lean hogs, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs fall on declining wholesale pork prices

Steady beef demand lifts cattle futures

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Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures fell on Wednesday on weaker wholesale pork prices, while cattle futures advanced on steady beef demand, traders said. The U.S. pork cutout, an indication of wholesale pork prices, fell by $4.31, to $84.52/cwt, according to the U.S. Department of Agriculture (all figures US$). Prices eased for pork […] Read more
CME December 2020 live cattle with Bollinger bands (20,2) and 100-day moving average (brown line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle rebound as trade adjusts to supply shock

Hogs lower, cash market supportive

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, as packers kept processing at a higher-than-usual pace, despite a bearish Cattle on Feed report, traders said. Meanwhile, hog futures eased slightly on Tuesday, as falling cutout prices have carved into packer margins, traders said. CME December live cattle futures gained 0.65 cent to […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market grinds lower

'Is there no grain in this country?'

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Reading Time: 2 minutes Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more
(MaryMarin/iStock/Getty Images)
Dairy Cattle, Livestock, Markets

Dairy farmers press feds on compensation promises, again

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Reading Time: 3 minutes Canada’s dairy farmers are again calling on the federal government to make good on its promise to compensate producers, after giving up market share of the supply-managed industry to more foreign competitors through trade pacts. The Liberal government, most recently in its Sept. 23 speech from the throne, has told Dairy Farmers of Canada (DFC) […] Read more
CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit lowest price since June under supply pressure

December lean hogs close up off recent low

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures fell on Monday, with the most-active contract touching its lowest price since June under pressure from a larger-than-expected number of cattle on feed in the United States, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 11.7 […] Read more
CME December 2020 live cattle (candlesticks) and January 2021 feeder cattle (red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, live cattle futures up on bargain buying

USDA Cattle on Feed data tops expectations

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Reading Time: < 1 minute Chicago | Reuters –– Chicago Mercantile Exchange lean hog and live cattle futures rose on Friday on some bargain buying ahead of the weekend. Hog futures snapped a three-session losing streak, the longest for the December contract in five weeks, while live cattle rebounded from its lowest since June 29. CME December lean hogs rose […] Read more
(Olymel video screengrab via YouTube)
Hogs, Livestock, Reuters

Shutdown urged for Quebec pork plant after COVID-19 death

Union calls on Olymel to close site for at least two weeks

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Reading Time: 2 minutes The union for over 1,000 workers at a major Quebec hog slaughter plant is calling on the owner to temporarily close the facility against a COVID-19 outbreak now blamed for the death of an employee. Le Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN said Wednesday the death of a worker earlier this week led it to demand […] Read more

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