Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were quite variable depending on the weight category. Replacement cattle weighing over 800 lbs. were steady to $4 lower while feeders weighing 700-800 lbs. traded steady to $4 higher on average. Feeder cattle under 600 lbs. were unchanged from seven days earlier. The fed cattle market […] Read more
Klassen: Feeder market in consolidation mode
Feeder values in West showing premium over U.S.
U.S. livestock: Hog futures rise on strength in cash market
August live cattle slip, feeder cattle up
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose on Monday, with the market underpinned by tight supplies and firm cash markets, traders said. But technical selling kept the gains in check, with the front-month contract failing to take out the seven-year high it hit on Friday. CME July lean hog futures added […] Read more
U.S. livestock: CME feeder cattle slide on higher feed costs
Cattle slaughter down on short week, JBS hack
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures slipped on Friday, weighing on live cattle as rising corn futures pushed feed prices higher. “I think the downturn in feeders certainly was a factor,” said Altin Kalo, economist at Steiner Consulting Group. “I don’t see any other fundamental news out there that would […] Read more
JBS says all facilities operating after weekend cyberattack
Attackers 'never able to access our core systems'
Reading Time: 2 minutes Chicago | Reuters — All of meatpacker JBS SA’s global facilities are fully operational after a weekend cyberattack disrupted much of its North American and Australian operations, the company said on Thursday. The Brazilian meatpacker’s arm in the United States and Pilgrim’s Pride, a U.S. chicken company mostly owned by JBS, lost less than one […] Read more
U.S. livestock: CME feeder cattle gain on lower corn
December live cattle, July hogs up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures gained on Thursday, lifted by lower corn futures and firmer back-month live cattle. “From the feeder buyer’s perspective, you had higher cattle and lower corn, so that’s a good deal,” said Alan Brugler, president of Brugler Marketing. CME August feeder cattle closed 1.35 cents […] Read more
JBS plants reopen as White House blames Russia over hack
Reading Time: 3 minutes Washington/Chicago | Reuters — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with the matter said. Brazil’s JBS […] Read more
U.S. livestock: CME cattle futures rise as JBS reopens plants
July hogs down off Tuesday's peak
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Wednesday, bouncing back from Tuesday’s steep decline that stemmed from a shutdown of JBS SA’s beef operations due to a cyberattack. JBS employees were returning to U.S. meat plants on Wednesday, with a return to full capacity in the next couple of days. […] Read more
JBS Canada plant up and running after cyberattack
Brooks beef plant has 'resumed production'
Reading Time: 3 minutes Meat packer JBS’s major beef slaughter plant in Alberta went back to work Tuesday following a cyberattack reported to have downed several of the company’s operations in North America and Australia. JBS USA, the unit overseeing the Brazilian firm’s Canadian operations, and JBS-owned chicken unit Pilgrim’s Pride both reported “significant progress in resolving the cyberattack […] Read more
U.S. livestock: Cattle futures fall on cyberattack at JBS
July hogs touch contract high
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures tumbled on Tuesday after JBS stopped slaughtering at U.S. plants because of a cyberattack. Brazil’s JBS told the U.S. government that a ransomware attack on the company originated from a criminal organization likely based in Russia, according to the White House. It is not known […] Read more
Ransomware attack on JBS halts Canadian, U.S. slaughter
Cyberattack likely from Russia, White House says
Reading Time: 4 minutes Chicago/Aboard Air Force One | Reuters — Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday. JBS is the world’s largest meatpacker and the cyberattack […] Read more
A message from April Stewart, Country Guide's Associate Editor
