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CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle sink to new lows

COVID-19 continues to spook investors

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more
(JBSS.infoinvest.com.br)
Livestock, Markets, Reuters

How JBS became collateral damage in a war between billionaires

JBS now plans to tweak U.S. IPO, executive says

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Reading Time: 4 minutes Sao Paulo | Reuters — A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to for a U.S. listing of its international operations, such as its Canadian beef plant. The dispute stems from a […] Read more
(JBSs.infoinvest.com.br)
Livestock, Markets

Chinese meat packing giant locks in JBS supply

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Reading Time: < 1 minute The world’s biggest pork packer is poised to source additional beef, poultry and pork from the world’s biggest meat packing firm. Brazil’s JBS announced Monday it has signed a memorandum of understanding with Hong Kong-based WH Group for “supply and distribution of fresh beef, poultry and pork to the Chinese market” starting in the first […] Read more
A transmission electron microscopy image of the first isolated case of the new 2019 coronavirus, as obtained by Reuters on Jan. 27, 2020. (Handout image courtesy IVDC, China CDC via Reuters)
Beef Cattle, Livestock, Markets

Virus concerns add more uncertainty to cattle market

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Reading Time: 2 minutes MarketsFarm — Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the new coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef demand should remain supportive for […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Large feedlot inventories lower feeder demand

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Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged and mid-weight feeders (600-850 lbs.) were steady to $2 lower, but calves under 600 lbs. were unchanged to as much as $10 lower. Prices were quite variable across the Prairies, which made the market hard to define. The market appeared […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock

Amended CUSMA pact includes anti-COOL clause

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Reading Time: 2 minutes The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North […] Read more
CME February 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs relatively steady on trade deal hopes

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures remained relatively steady on Monday but funds continued to hold their long positions in anticipation of a surge of demand for U.S. meat after the U.S.-China “Phase 1” trade agreement is finalized, traders said. U.S. lean hog futures inched upward, rising for a third session on the same […] Read more
Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa on Dec. 11, 2019. (Photo: Reuters/Blair Gable)
General, Markets, Reuters

Farmers hit by trade disputes should be helped faster, Trudeau says

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Reading Time: 2 minutes Ottawa | Reuters — Canada’s agriculture department should move more quickly to help farmers harmed by protectionist measures imposed by other nations, Prime Minister Justin Trudeau said Friday. Canadian farmers are caught up in a trade and diplomatic dispute between Ottawa and Beijing. In a formal letter of instruction to Agriculture Minister Marie-Claude Bibeau, Trudeau […] Read more
A colourized low-temperature electron micrograph of a cluster of E. coli bacteria. Individual bacteria in this photo are oblong and colored brown. (Eric Erbe photo and colourization by Christopher Pooley courtesy ARS/USDA)
Beef Cattle, Livestock, Markets

Ryding-Regency’s federal beef packing licenses cancelled

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Reading Time: 3 minutes Citing “false or misleading information” given them during an E. coli probe, food safety officials have now permanently pulled the federal slaughter, processing and export licenses for Toronto’s Ryding-Regency Meat Packers and related companies. The cancellation, announced Monday, indefinitely prolongs what was already described as “critical processing capacity shortage” for the province’s cattle producers, leaving […] Read more

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