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Livestock Livestock

(JBSs.infoinvest.com.br)
Livestock, Markets, Reuters

JBS sees steady trade flows but flags export woes

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Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

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Reading Time: 2 minutes Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

As meat demand rises, processors raise pay for farmers, workers

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Reading Time: 2 minutes Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more
"We had to cover all the ‘what-if’ scenarios,” says John Schenkels (r) with new partners Jim (l), and Kyle Beckwith.
Dairy Cattle, Guide Business

Pooling resources

Three farms each faced its own reasons preventing it from making major investments for the future. Then they had a new idea

By
Reading Time: 5 minutes There can be points in a farming career where you’ve established a solid business but you hesitate to make any further major investments unless there is either a clear successor or a plan to transition out. That’s the point at which John Schenkels of Schenkels Farms Inc. in Miramichi, N.B., had found himself. Since taking […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures limit up as beef prices surge

Hog futures also limit up, following cattle higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures on the Chicago Mercantile Exchange […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock

Meat packing sector needs federal inspectors

Shared staff, recalling recent retirees among options on table

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Reading Time: 2 minutes The federal government is working on ways it can maintain inspection staffing levels at federally-licensed meat packing plants. Speaking to media Saturday in Ottawa, Agriculture Minister Marie-Claude Bibeau addressed concerns surrounding the ability of the Canadian Food Inspection Agency (CFIA) to continue meat inspection work. The Reuters news service on Monday quoted two unnamed sources […] Read more
The Mathis farm from front, with the alpine terrain that adds to the farm challenge.
Guide Business, Livestock

Young and farming in Austria

Our agricultures are utterly different. But could Austrian strategies for helping young farmers work in Canada too?

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Reading Time: 7 minutes Clouds shroud the mountains in grey, and snow covers the cherry trees and the pastures. “You’re missing a spectacular alpine view,” comments Jakob Mathis, wiping his hands on his jeans before shaking hands. They’ve just finished trimming hooves on the heifers. Mathis leads the way into the large old farmhouse, stopping by the newly renovated […] Read more
(Video screengrab from Cattlevids.ca)
Beef Cattle, Livestock, Markets

COVID-19 shifts bull buyers online

As auction marts move to curb the disease's spread, technology is connecting buyers and sellers

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Reading Time: 3 minutes As bull sale season stretches into the spring, online sales are helping the industry cut COVID-19 risks while facilitating commerce. The Livestock Market Association of Canada (LMAC) last week held an emergency meeting on how to respond to the coronavirus pandemic, and decided to follow Health Canada’s lead on limiting crowd size and encouraging social […] Read more

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