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Consumer spending favours beef market

Market Update: Food prices have been down, so shoppers have more money for beef

The fed and feeder cattle markets continue to hold value despite the year-over-year increase in beef production. Alberta packers were buying fed cattle in the range of $175 to $177 in late April. Wholesale beef prices have been surprisingly strong as beef demand continues to exceed expectations. Major economic indicators are fairly encouraging which should […] Read more

U.S. livestock: Cattle rebound on technical buying, lower animal weights

Chicago | Reuters –– U.S. cattle futures climbed on Thursday, rising on technical buying and lower animal weights that suggested feedlots were aggressively marketing cattle to meet strong beef packer demand, traders and analysts said. Both Chicago Mercantile Exchange live and feeder cattle futures were technically oversold after steep losses during the past two weeks. […] Read more


U.S. livestock: Hogs end mixed on profit-taking

Chicago | Reuters — U.S. lean hog futures jumped to the highest levels in three months on Wednesday, rising alongside wholesale pork prices before some hog contracts turned lower on profit-taking, traders and analysts said. Chicago Mercantile Exchange cattle futures were mostly higher, buoyed by expectations that U.S. consumers will buy more meat for outdoor […] Read more


Manitoba confirms fourth PED case of year

Another finisher barn in southeastern Manitoba has tested positive for porcine epidemic diarrhea (PED) in the province’s fourth on-farm case of the disease this year. Manitoba Pork Council general manager Andrew Dickson said barn staff noticed symptoms Sunday. Tests were taken the following day with results confirmed Tuesday. “That doesn’t mean every pig in the […] Read more


U.S. livestock: Hogs hit three-month high

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday reached their highest level since mid-February, fueled by strong cash and wholesale pork prices, traders said. June futures led gainers after investors bought that contract and sold deferred months, prompted by bullish market fundamentals, traders said. June closed 1.475 cents/lb. higher at 78.725 […] Read more

JBS delays but does not give up on U.S. IPO plan

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, fellow founder and current JBS […] Read more

Brazil police probe ag ministry for corruption

Sao Paulo | Reuters — Brazilian federal police started two separate investigations on Tuesday into suspected corruption at the Agriculture Ministry to benefit meatpacking, dairy and other food companies. The probes into whether inspection procedures were eased in favour of certain unnamed companies comes two months after the country’s meatpacking industry was rocked by a […] Read more

Klassen: Feeder cattle market remains firm

Western Canadian feeder cattle markets traded $3-$5 above week-ago levels although lighter weight categories experienced week-over-week gains of $8 to as much as $12. The fed cattle market went through a correction, with live sales quoted from $181 to $186, down from the last week average trade of $195. This weaker live cattle trade appeared […] Read more