To remain free of foot-and-mouth disease, Canada is blocking livestock, uncooked meats, raw dairy and other products from Greece following outbreaks in cattle and sheep there.
Beef cattle
Canada blocks meats, dairy from Greece over foot-and-mouth disease
Klassen: Negative margins weigh on Western feeder cattle market
For the week ending April 4, Western Canadian feeder cattle prices were quite variable. Backgrounded replacements were relatively unchanged, however fleshier groups experienced sharper discounts compared to a week earlier. Genetic quality appeared to influence the market on a larger scale for feeders under 700 pounds. Medium to larger frame preconditioned calves appeared to trade […] Read more
Striking JBS workers to return to Colorado plant on promise of talks
Workers of the world’s largest meat company, JBS, agreed to return to work at a beef plant in Greely, Colorado after it agreed to resume negotiations.
Klassen: Feeder cattle market continues consolidation
For the week ending March 28, Western Canadian feeder cattle market once again traded $10/cwt higher to $10/cwt lower compared to seven days earlier. Backgrounded replacements were down $3-$6/cwt on average with fleshier groups dropping as much as $6-$10/cwt. Calves were quite variable across the Prairies due to limited numbers. There was strong demand for […] Read more
Canadian Cattle Association won’t back traceability changes
The Canadian Cattle Association says it won’t support proceeding with the CFIA’s proposed changes to federal cattle traceability regulations after feedback from members.
Producers affected by bovine TB receive extended tax deferral
The Government of Canada has extended the tax deferral period for livestock producers affected by bovine tuberculosis in 2024 and 2025.
JBS posts flat Q4 profit on record sales but lower U.S. beef margins
Brazil’s JBS, the world’s largest meatpacker, reported a near-flat fourth-quarter net profit on Wednesday, as record revenue was offset by tighter margins, particularly in its U.S. beef business.
Klassen: Stronger barley prices weigh on feeder cattle values
For the week ending March 21, Western Canadian feeder cattle markets traded $10/cwt higher to $10/cwt lower compared to seven days earlier. Backgrounded replacements were quite variable with sharper discounts noted on fleshier groups. The heifer discount to steers appeared to be wider in some cases but it was largely based on quality features. Calves […] Read more
Chicago feeder cattle gain ground as corn futures rise
Chicago Mercantile Exchange feeder cattle futures fell on Wednesday as Chicago Board of Trade corn futures gained strength.
Klassen: Weaker fed markets add fear to feeder prices
For the week ending March 14, Western Canadian yearlings and backgrounded cattle traded $10 to $15 lower on average compared to seven days earlier. Calves were unchanged to $10/cwt lower on average. Weakness in the nearby and deferred live cattle prices along with strength in the barley market resulted in a negative tone for the […] Read more