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Lloyd Longfield, Marie-Claude Bibeau, Canada’s minister of Agriculture and Agri-Food and Martin Lavoie president and CEO of Canada Pork International made the announcement at the Ontario Pork office on July 25. Photo: CPI Funding
Hogs, Livestock

Federal government funding $6 million to Canada Pork International

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Reading Time: 2 minutes Agriculture and Agri-Food Canada has announced $6 million will be invested in Canada Pork International (CPI) to focus on strengthening, diversifying and growing of Canada’s pork exports. It will help to boost the awareness of the industry in the priority international markets. Why it matters: A halt to exports to China has made finding other […] Read more
Photo: Thinkstock
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Futures mixed as rally on hog futures slows

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures ended the day mixed, with a lack of buying interest and light cash trade prompting dealers on Wednesday to sell their nearby live cattle contracts and buy the deferred months, traders said. Meanwhile, hog traders also took a cue from the cash market, as signs of an […] Read more
Photo: iStock/File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Futures rally on choppy grains, hopes for Chinese buying spree

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) live hog futures rallied on Tuesday, as competition among packers for spot delivery grew and animal weights slipped after the recent U.S. heat wave, traders said. Live cattle futures also inched up, supported in part by choppy trading in U.S. grain futures and growing questions of whether […] Read more
Order buyers have been very busy fielding calls for available cattle. Photo: Thinkstock
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: Yearling prices surge

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Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were $3 to as much as $10 higher while calves traded $2 to $5 above week-ago levels.  Most auction barns remain in holiday mode; however, order buyers were extremely busy fielding calls for available cattle. This caused the yearling market in Western Canada to divorce from the […] Read more
Live cattle futures were lifted by expectations of herd expansion slowing. Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures rally on corn futures slump

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) feeder cattle futures inched upward on Monday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. Meanwhile, lean hog futures faced choppy trading on Monday as the market wrestles with continued expectations for – but no clear signs yet […] Read more
Photo: File
Livestock

Livestock producers receive tax relief for 2019

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Reading Time: < 1 minute Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help […] Read more
Agriculture Minister Marie-Claude Bibeau addresses the Dairy Farmers of Canada AGM in Saskatoon. (Photo courtesy AAFC)
Dairy Cattle, Livestock, Poultry/Eggs

Supply-managed sector compensation details due before election

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Reading Time: 3 minutes Federal Agriculture Minister Marie-Claude Bibeau has pledged to lay out details on trade pact compensation for supply-managed sectors before the federal election in October. The pledge comes as the federal Liberals face pressure from supply-managed sectors and the federal opposition Conservatives to deliver on compensation for access granted to the Canadian market under Canada’s free […] Read more
CME October 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs top five-week high on China demand expectations

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in more than five weeks on Friday on expectations for increased pork demand from China, the world’s top importer. Live cattle futures ended higher after dropping to their lowest prices in more than a week. Hog traders expect China, the […] Read more

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