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Beef cattle

Grocery store spending is up from last year but the rally in retail beef prices has come to a halt.
Beef Cattle, Cattleman’s Corner, Markets

Fed cattle market sets new record high

Market Update: Good moisture should get pastures growing this spring, while calf prices are expected to trend higher until fall

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During the third week of April, Alberta packers were buying fed cattle on a live basis in the range of $222-$225/cwt delivered, which was a record high. Tighter market-ready supplies on both sides of the border along with a sharp year-over-year increase in demand have resulted a higher price structure. During March, U.S. restaurant sales […] Read more
Smoke rises from a wildfire in Alberta’s Strathcona County, east of Edmonton, on May 5, 2023. (Photo: Video screengrab from @hellohildy on Twitter via Reuters)
Livestock, Weather

Alberta fairs, auctions offer space for evacuated livestock

Central areas catch break with moisture, cooler weather; CN service resumes

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Alberta’s ag societies and livestock auction marts are offering up pen space for producers forced to evacuate animals away from dozens of wildfires in the province’s northern and west-central regions. As of early Thursday evening, the province was tracking 76 active wildfires, of which 22 were listed as “out of control” and 17 as “being […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall on weak export data

CME cattle futures mixed

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Chicago | Reuters — CME Group hog futures fell on Thursday on poor export demand for pork, traders said. Cattle futures were mixed, with live cattle easing on weakening trades in the cash market. Feeder cattle contracts were supported by falling corn prices. The U.S. Agriculture Department said on Thursday morning that beef export sales […] Read more
(Keith Weller photo courtesy ARS/USDA)
Hogs, Livestock, Poultry/Eggs, Reuters

U.S. Supreme Court upholds California’s pig confinement law

Dissent suggests 'substantial burden against interstate commerce'

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Reuters — The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold a lower court’s dismissal of a […] Read more
CME June 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures fall on poor fundamental outlook

Corn prices expected to remain weak

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Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Wednesday, as poor demand for pork smothered any bargain-buying attempts to pull prices away from contract lows hit earlier this week. Cattle contracts also were lower, but the declines were kept in check by expectations that corn prices will remain weak and keep feeding […] Read more
(Andreswd/iStock/Getty Images)
General, Markets

Feds lock in higher interest-free portion on cash advances

Budget boost in effect as of Monday

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A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

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Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more
A macrophage (immune response) cell in early stages of infection with African swine fever virus, magnified about 1,000x. (Keith Weller photo courtesy ARS/USDA)
Livestock

MPs get assurance on Canada’s biosecurity preparedness

Canada well prepared for foreign animal diseases, officials say

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Officials from several federal agencies have reassured the public about Canada’s animal biosecurity preparedness. Witnesses from the Canadian Food Inspection Agency (CFIA), Agriculture and Agri-Food Canada (AAFC) and the Canada Border Services Agency (CBSA) spoke to MPs’ concerns about livestock diseases at a committee meeting last Wednesday afternoon. Biosecurity preparedness has been a relevant issue […] Read more
CBOT June 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rebound on technical bounce

Chicago cattle futures firm

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures recovered from contract lows on a round of technical buying on Tuesday, traders said. Traders also noted the recent declines may spark interest in the export market. “U.S. pork has become some of the cheapest in the world and it would appear we’re indeed starting […] Read more
Photo: File
Crops, Weather

Rain, drought highlight different growing areas

Eastern Prairies to see improved rains

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MarketsFarm — Depending on which region you’re in, you could be stuck in a severe drought or facing rains that will help alleviate that dryness or push back when fields should be dry enough to begin spring planting. That’s the assessment from Drew Lerner, president and senior agricultural meteorologist at World Weather Inc. at Overland […] Read more

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