Reading Time: 2 minutes Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
WLPIP calf price insurance deadline extended
Three-week extension includes nine purchasing days
U.S. livestock: Live cattle end mostly lower as beef prices ease
June hogs up, August lower
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed mostly lower on Thursday as wholesale beef prices began to retreat from historic highs as the U.S. slaughter pace improved, generating more meat supplies, analysts said. Chicago Mercantile Exchange (CME) August live cattle futures settled down 1.425 cents at 97 cents/lb. (all figures US$). Front-month June […] Read more
U.S. livestock: Lean hog futures dip after belly prices dive
Cattle down on ideas of beef prices peaking
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork […] Read more
U.S. livestock: June live cattle limit up on soaring beef prices
Large supplies of hogs, cattle still loom over futures
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, with nearby contracts rising the daily maximum, as surging wholesale beef prices and expectations U.S. beef and pork production would drop spurred speculative buying, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled up 4.5 cents, the expanded daily limit, at […] Read more
U.S. livestock: Live cattle futures lower on profit-taking
August, October cattle limit down; June hogs also down
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday, with some contract months falling their daily three-cent limit on profit-taking amid signs the U.S. meat-packing sector was stepping up beef production, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.975 cents at 92.675 cents/lb., after surging to a […] Read more
U.S. livestock: Cash cattle, futures up on beef packer scrutiny
Profit-taking continues to drag on lean hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose on Friday along with cash prices as the federal government probed the beef market. The price of cattle in the cash market has rebounded since U.S. President Donald Trump on Wednesday said he had urged the federal Justice Department to look into allegations that the meatpacking […] Read more
U.S. livestock: June cattle limit up on surging beef prices, meat shortages
Lean hogs down on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship […] Read more
COVID-19 aid ‘falls short,’ farm groups warn
Aid package includes AgriRecovery for cattle, hog sectors
Reading Time: 5 minutes Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more
U.S. livestock: Futures surge on technical buying as plants reopen
CME cattle futures close limit up
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures rose on Wednesday amid a flurry of technical buying — with some live and feeder cattle futures surging to daily trading limits — as investors said they were keeping a close eye on signs of packing plants reopening in the wake of coronavirus infections among workers. […] Read more
U.S. livestock: Cattle, hogs slide after three days of gains
"The workers are spooked to come to work"
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures retreated on Tuesday in a profit-taking setback after three sessions of gains that were fueled by rising meat prices and concerns about meat shortages as several packing plants have closed due to coronavirus infections among workers. Benchmark June lean hog futures corrected after gaining nearly 18 […] Read more
A message from April Stewart, Country Guide's Associate Editor
