Livestock
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange climbed to fresh highs on Tuesday, as tight supplies and the ongoing closure of the U.S./Mexican border to cattle from Mexico kept values well supported. The December live cattle contract gained 1.750 cents per pound at 246.500 cents. Chart-based positioning contributed to the gains, according to participants, with […] Read more
U.S. livestock: Cattle at fresh highs, hogs weaken
Klassen: Cash feeder market divorces from futures market
Reading Time: 2 minutes For the week ending October 11, Western Canadian yearling markets traded $8/cwt higher to $5/cwt lower compared to seven days earlier. Calf prices experienced a week-over-week decline of $3-$8/cwt on average. Feather-light calves under 450 pounds were steady to $10 higher on average. The Canadian cash feeder market appeared to divorce from the feeder cattle […] Read more
Ample supplies and improved livestock sector to boost Canadian feed sector: FCC
Reading Time: 3 minutes Abundant feed grain supplies and improved profitability for the livestock sector should support strong feed demand and sales through the winter, says a new report from Farm Credit Canada.
Nestle quits global alliance on reducing dairy methane emissions
Reading Time: 2 minutes Food group Nestle said on Wednesday it had withdrawn from a global alliance for cutting methane emissions that aims to reduce the impact of dairy farming on global warming.
Tyson, Cargill to pay $88 million to consumers in U.S. beef price-fixing lawsuit
Reading Time: 2 minutes Tyson Foods and Cargill have agreed to pay a combined $87.5 million (C$122.1 million) to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.
Klassen: Highs in place for the feeder market
Reading Time: 2 minutes For the week ending October 4, Western Canadian grass yearling markets traded steady to $5-$8/cwt lower on average compared to seven days earlier. Backgrounded yearlings were down $5-$12/cwt. Calf markets were down $5 to $10/cwt from a week earlier. There was an influx of calves over the past week which resulted in the softer tone […] Read more
U.S. livestock: Cattle futures spike, hogs mixed
Reading Time: < 1 minute Chicago cattle futures closed sharply up on Monday while lean hog futures were mixed. “Two large trades were seen at two different levels in the feeder cattle market, suggesting this may have been a short covering rally,” wrote analyst Christopher B. Swift. Most-active November feeders closed at 360.800 cents a pound, up 5.375 cents. January […] Read more
Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa
Reading Time: 2 minutes Globe and Mail article suggests U.S. dairy access to Canada is back as a topic of conversation in Ottawa
Mexico sees 32 per cent jump in flesh-eating screwworm cases since August as cases move north
Reading Time: 2 minutes Mexico recorded 6,703 cases of animals infested with New World screwworm as of September 13 since the start of the outbreak in November of last year. That was compared to 5,086 confirmed cases during the previous period, which ended August 17.
Klassen: Feeder market remains volatile
Reading Time: 2 minutes For the week ending September 27, Western Canadian feeder cattle markets traded $10/cwt higher to $10/cwt lower compared to seven days earlier.
A message from April Stewart, Country Guide's Associate Editor
