PEDv hits third SE Manitoba hog farm — September 23, 2014

Manitoba’s hog producer body is taking farmers to task for “risky practices” following confirmation of the province’s third case of porcine epidemic diarrhea (PED). Manitoba’s chief veterinary office (CVO) confirmed Friday and announced Monday that a sow farm in the province’s southeast is the third to have animals with the PED virus (PEDv). Two hog […]

U.S. livestock: CME live cattle close mixed, hogs higher — September 22, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed mixed on Monday, pressured by last week’s lower cash prices but supported by bear spreads, traders said. Bear spreads consisted of investors who bought back months and simultaneously sold nearby contracts with the view that Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report confirmed tight […]

Klassen: Tight yearling supplies support feeder complex — September 21, 2014

Western Canadian feeder cattle prices were $3 to $4 per hundredweight (cwt) higher on average. Cattle buyers were scrambling to fill orders on yearlings as supply uncertainty continues to drive prices higher. Feedlot vacancy is at seasonal lows and operators want to fill pens as soon as possible. Feeding margins are narrowing with higher replacement […]

JBS delays food unit IPO amid market slide, sources say — September 19, 2014

Sao Paulo | Reuters – JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said. JBS and banks are wary that market volatility stemming […]

U.S. livestock: CME live cattle futures end mixed before USDA report — September 19, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled mixed on Friday on positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report. Analysts expect the data at 2 p.m. CT to show fewer cattle were placed in feedyards last month due to sufficient pastures that allowed ranchers to fatten livestock longer outside […]

U.S. launches task force to tackle antibiotic-resistant bugs — September 18, 2014

Chicago | Reuters — The U.S. government will set up a task force and presidential advisory council to tackle the growing threat of antibiotic resistance to national security, setting a Feb. 15 deadline for the outlining of specific steps to be taken, White House advisers said at a press conference Thursday. The White House announced […]

U.S. livestock: Weak cash price outlook drops CME live cattle — September 18, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle settled lower on Thursday in anticipation of packers spending less for market-ready, or cash, cattle this week, traders said. October live cattle futures finished 1.425 cents per pound lower at 155.6 cents, and December at 158.925 cents down 1.075 cents (all figures US$). Processors may cut […]

Incoming Alta. premier taps ex-MPs to push for market access — September 18, 2014

Boosting market access for Alberta’s agricultural wares and other exports is expected to loom large on the new provincial premier’s radar. Jim Prentice, sworn in Monday as premier, kept Wetaskiwin-Camrose MLA Verlyn Olson as his minister of agriculture and rural development, and reappointed Jason Krips as deputy minister for the department. Prentice, in his mandate […]

U.S. livestock: CME hog futures fall with cash, pork prices — September 17, 2014

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slumped more than two per cent on Wednesday, pressured by lower prices for slaughter-ready or cash hogs and pork at wholesale, traders said. October closed 1.775 cents per pound lower at 105.1 cents, and December at 93.9 cents, down 2.025 cents (all figures US$). Wednesday […]

U.S. livestock: CME live cattle close lower on cash price outlook — September 16, 2014

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed down slightly on Tuesday in anticipation of likely lower prices for market-ready or cash cattle this week, traders said. October and December live cattle both ended 0.15 cent per pound lower, at 156.2 and 158.875 cents, respectively (all figures US$). Packers might curb cash […]