U.S. livestock: Short-covering sends CME hog futures higher — August 26, 2014

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Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher on Tuesday, driven by short-covering as some investors prepare for an early start of the Labour Day holiday weekend, traders said. Speculators bought CME hogs in the belief that the two-week slump in prices for slaughter-ready, or cash, hogs may be about to end. […]


Bloc Quebecois’ ag critic quits party — August 25, 2014

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The Bloc Quebecois’ critic for agriculture has quit the party to sit as an independent MP in the House of Commons. Andre Bellavance, the Bloc MP for Richmond-Athabaska since 2004 and a candidate in the party’s leadership contest in May, also confirmed to Quebec media he will not run in the next federal election, to […]


U.S. livestock: CME live, feeder cattle extend gains after USDA report — August 25, 2014

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Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle contracts closed higher for a third straight session on Monday, partly driven by Friday’s U.S. Department of Agriculture Cattle-On-Feed report, traders said. Initially, analysts considered the report mildly bearish because more cattle were placed in feedlots last month than forecasted. Some analysts later said […]


Klassen: Feeder cattle supported on positive outlook — August 25, 2014

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Western Canadian feeder cattle sold steady with week-ago levels based on the positive outlook for fed cattle market during the winter period. Buying enthusiasm among feedlot operators remains very strong, due to the positive margins experienced over the past year. Despite the higher price structure for replacements, financial constraints are non-existent, with many cattle buyers […]


WTO panel rules against U.S. in COOL fight: WSJ — August 23, 2014

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Reuters – A World Trade Organization panel has ruled against the U.S. in a trade dispute over meat labels with Canada and Mexico, according to a Wall Street Journal report. The newspaper, citing anonymous sources familiar with the findings, said on Thursday that the U.S. lost its case before a panel set up to determine […]


High-priced calves drop U.S. July cattle placements by 7 pct — August 22, 2014

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Reuters — The number of cattle placed in U.S. feedlots in July dropped 7.0 per cent from a year ago as pricey calves deterred some feedlots from purchasing them for fattening, a government report showed on Friday. The U.S. Department of Agriculture report showed July placements at 1.560 million head, down 7.0 per cent from […]


LIVESTOCK: CME live cattle futures climb before USDA report — August 22, 2014

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Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, supported by positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CDT (1900) GMT. Analysts expect the report to show fewer cattle entered feedlots in July as expensive calves discouraged some feedyards from buying them. On Friday, USDA will […]


Belarus cancels import ban on live cattle from EU — August 22, 2014

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Minsk | Reuters — Belarus, aiming to boost food exports to neighbouring Russia, has cancelled a ban on live cattle from the European Union, Yuri Pivovarchuk, the head of veterinary surveillance at the Belarussian agriculture ministry, said. Minsk said the cancellation of the ban was not caused by its plans to increase exports to Russia, […]


U.S. livestock: CME hogs turn higher on short-covering — August 21, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […]


Labels now the law for all mechanically tenderized beef — August 21, 2014

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In a move to cut risk from foodborne E. coli, all mechanically tenderized beef (MTB) sold in Canada from today on must be labelled as such and list instructions on safe cooking. Health Minister Rona Ambrose on Thursday announced the new labelling requirements for all uncooked MTB — expanding a rule that’s been in place […]