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(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Economic fears slam CME live cattle, hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Friday as global economic turmoil sparked fears of a U.S. meat export slowdown, traders and analysts said. Spot-August futures closed 1.05 cents/lb. lower at 145.425 cents, and October 2.475 cents lower at 143.85 cents (all figures US$). “The elephant in the […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Spring Wheat, Weather

StatsCan production estimates ‘too low’ for canola, wheat

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Reading Time: 2 minutes CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans bounce from six-year low

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week. Corn edged higher, hovering close to last session’s one-week peak after field reports from an annual crop tour suggested the country’s output may […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rise with cash bids

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday, supported by short-covering after packers hiked bids for unsold market-ready (cash) cattle, traders said. Spot-August futures closed 1.225 cents/lb. higher at 146.475 cents, and October 1.175 cents higher at 146.325 cents (all figures US$). Processors in Kansas and Texas on Thursday […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Fallen cash prices rattle CME live cattle

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures suffered their fourth straight day of losses on Wednesday after digesting sharply lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 1.95 cents/lb. to 145.25 cents, and October 2.25 cents lower at 145.15 cents (all figures US$). Earlier on Wednesday, a […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Livestock, Poultry/Eggs, Reuters

USDA moves to build vaccine stockpile for bird flu return

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Reading Time: < 1 minute Chicago | Reuters — The U.S. Department of Agriculture said Tuesday it has put out a request for proposals to help the nation’s veterinarians have access to bird flu vaccines for poultry this fall, in preparation for the potential return of the fast-spreading avian influenza virus. The agency’s Animal and Plant Health Inspection Service (APHIS) […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle market tenacious

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Reading Time: 2 minutes Western Canadian feeder cattle prices appeared to shrug off all negative economic news and divorce from the fed cattle complex this past week. Volumes were once again quite thin, characterized by varying quality. Feedlot operators were active on all fronts, especially in southern Alberta where the barley harvest is in full swing. Heavier yearlings on […] Read more
(Allan Dawson photo)
Crops, Markets, Reuters, Weather

U.S. grains: Midwest’s weather weighs down corn, soybeans

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Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy U.S. Midwest forecast that should bolster the crop at a key stage of development. Corn closed weak, anchored by favourable crop weather, while wheat shed more […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Firm cash, pork prices lift CME hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, supported by the morning’s cash and wholesale pork price gains, traders said. The spot-October contract closed 0.95 cent/lb. higher at 66.275, and December up 0.35 cent at 62.3 cents (all figures US$). Monday morning’s average cash hog price in the western […] Read more

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