Livestock
Reading Time: 2 minutes Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
Feds announce early livestock tax deferral
Reading Time: 2 minutes Livestock producers in drought-affected areas are getting and early livestock tax deferral (LTD) for the 2024 season. The federal government said the situation has become more challenging for producers due to climate change, when announcing a list of regions eligible for the deferral on June 14. The LTD allows producers in designated areas, who were […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Reading Time: 2 minutes Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
U.S. livestock: Lean hog futures retreat as wholesale US pork prices sag
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
Bird flu continues to spread in U.S. dairy farms
Reading Time: < 1 minute The number of dairy farms in the United States that have reported bird flu among their livestock increased to 94 in a dozen states, according to reports. Meanwhile, the Centers for Disease Control said the risk to humans remains low. The CDC noted it’s monitoring more than 500 people with 45 tested for bird flu. […] Read more
Two dozen companies working to find bird flu vaccine for cows, US agriculture secretary says
Reading Time: 2 minutes Reuters – Twenty-four companies are working to develop an avian flu vaccine for cattle, as the virus spreads among U.S. dairy herds, Agriculture Secretary Tom Vilsack told Reuters on Wednesday. Bird flu has infected 90 dairy herds across 12 states since late March, according to the U.S. Department of Agriculture (USDA). Three dairy farm workers […] Read more
Cattle producers wary of grasslands conservation proposal
Reading Time: < 1 minute Glacier FarmMedia – Saskatchewan Stock Growers Association members want the Canadian Cattle Association to press pause on its Grasslands Conservation Initiative until it can better communicate its plan. Several resolutions about the initiative were debated during the SSGA annual meeting June 11 and while some were defeated members did approve one calling on CCA to […] Read more
U.S. livestock: Live cattle, lean hog futures end lower
Reading Time: < 1 minute Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed lower on Tuesday in dull technical trade as market players await cash cattle trade to develop, brokers said. CME August live cattle LCQ24 settled down 1.050 cents at 178.925 cents per pound, although the contract stayed above its 100- and 200-day moving averages. CME August […] Read more
Klassen: Feeder cattle market ratchets higher on stronger fed market
Reading Time: 2 minutes For the week ending June 8, Western Canadian feeder cattle markets traded $3 to $6 above week-ago levels. In certain locations, quality packages of 600 pound plus steers were $8 to $10 higher compared to seven days earlier. Alberta packers were buying fed cattle on a dressed basis at $440/cwt, up $2/cwt from the previous […] Read more
Livestock Price Insurance coming to maritime producers
Reading Time: < 1 minute At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week. “It’s something […] Read more
A message from April Stewart, Country Guide's Associate Editor
