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Beef cattle

CME February 2022 live cattle (candlesticks) with 10-, 20- and 50-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures fall on weak cash markets

Hog futures down for fourth day

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Wednesday, pressured by technical selling and signs of weakness in the cash markets, traders said. Hog futures were lower for the fourth day in a row, with the front-month contract sinking to its lowest in 10 months on weak export prospects and a […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market stabilizes

Cow-calf producers selling sooner than normal

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Compared to last week, western Canadian feeder cattle prices traded $2-$3 on either side of unchanged. Alberta packers were buying fed cattle on a dressed basis at $275 delivered; the Alberta fed market has rallied $10-$12 over the past couple weeks. Secondly, U.S. feeder cattle prices have also rallied US$10-US$12 during the same time frame […] Read more
CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures fall on concerns over supply glut

February live cattle up slightly

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Chicago | Reuters — Chicago Mercantile Exchange hog futures plunged four per cent on Monday, hitting their lowest level in nearly a month, as robust supplies threatened profits even as pork prices edged off their recent lows, traders said. Pork processors earned $22.90 per hog, down from $46.25 per hog on Friday and $43.20 a […] Read more
(Viktorcvetkovic/E+/Getty Images)
General, Machinery, Reuters

Spy agency sees ransomware attacks soaring

Aggressive hacking expected to increase

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Ottawa | Reuters — Global ransomware attacks increased by 151 per cent in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday. The Communications Security Establishment (CSE), citing attacks on North American health facilities and a U.S. pipeline, said the scale […] Read more
Dominic Barton. (Video screengrab from McKinsey.com)
Canola, Crops, Reuters

Ambassador to China to leave post after helping free detainees

Canola, 5G access, other issues remain

By
Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a […] Read more
File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)
Beef Cattle, Livestock

Strike averted at Cargill’s High River beef plant

Deal that hikes wages by 21 per cent and offers large bonuses receives majority backing

By
Workers at Cargill’s beef packing plant in southern Alberta have voted in favour of a contract that will hike wages by 21 per cent and provide improved health benefits. “The contract is the best of its kind and presented unprecedented gains in this time of economic and political uncertainty,” United Food and Commercial Workers (UFCW) […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs end down on profit-taking

Futures decline despite higher beef prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and hog futures ended lower on Friday as profit-taking hit the livestock markets ahead of the weekend, traders said. Live cattle futures consolidated after setting contract highs this week, traders said. Most-active CME February live cattle finished 0.625 cent lower at 138.95 cents/lb. (all […] Read more
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures finish higher

Investors' COVID concerns eased

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Chicago | Reuters — Chicago Mercantile Exchange livestock futures finished higher on Wednesday as the markets recovered after dropping the previous session to their lowest prices in more than a week. Prices rose as investors’ concerns eased about the Omicron coronavirus variant, which rattled commodity and financial markets on Tuesday, traders said. Chicago Board of […] Read more

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