Reading Time: 3 minutes A slump in U.S. beef production has opened the door for Australia to export record amounts of meat, growing its market share in North America and Asia and channelling billions of dollars to cattle processors and farmers.
Tag Archives beef
Australia cashes in on beef exports as US cattle herd shrinks
Klassen: Calf market ratchets higher
Reading Time: 2 minutes For the week ending October 12, the Western Canadian prices for yearlings off grass and backgrounding operations were relatively unchanged from seven days earlier. The Lethbridge market for calves was up $8-$10 from week-ago levels while calf markets in the non-major feeding regions were up a solid $4-$6 on average.
Klassen: Feeder markets experience stronger demand
Reading Time: 2 minutes For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
Klassen: Western Canadian calf markets percolate higher
Reading Time: 2 minutes Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
China agriculture ministry to steady beef and dairy output, aid farmers
Reading Time: < 1 minute China's agriculture ministry said on Thursday it would stabilize beef and dairy production, shore up consumption and assist farmers as falling prices force small producers out of business.
U.S. livestock: Cattle close higher, lean hogs fall ahead of USDA report
Reading Time: 2 minutes Feeder and live cattle futures turned higher on Thursday, as technical trading, a steady cash market and weakness in grain futures gave cattle contracts a boost.
U.S. livestock: Cattle close mostly lower, consolidating after 2-month top
Reading Time: 2 minutes Mercantile Exchange live cattle futures ended mostly lower on Wednesday, consolidating a day after the benchmark December contract LCZ25 set a near two-month high.
U.S. livestock: CME cattle end mostly higher as Wall Street climbs
Reading Time: < 1 minute Benchmark December live cattle futures LCZ24 on the Chicago Mercantile Exchange climbed to their highest in nearly two months on Tuesday, supported by technical buying and a rosy outlook for beef demand tied to strength in Wall Street equity markets, analysts said.
Klassen: Western Canadian feeder market demand remains firm
Reading Time: 2 minutes Ontario buying interest was evident in Manitoba yearling markets. U.S. buyers were more interested in lighter calves and were shopping for pre-conditioned groups of sizeable volume. Certain finishing operators in Alberta were more aggressive on grass yearlings after waiting for lower prices earlier in the season.
U.S. livestock: Cattle futures strengthen on healthy US export demand, positioning
Reading Time: < 1 minute Chicago Mercantile Exchange live cattle and feeder cattle futures jumped on Thursday as traders adjusted positions ahead of the U.S. Department of Agriculture's monthly cattle on feed report and saw strong U.S. export demand, according to analysts.