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Beef cattle

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

Cargill beef plant workers to vote on new negotiated offer

High River workers otherwise headed for strike or lockout Monday

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Workers at Cargill’s major beef slaughter and packing plant in Alberta will vote this week on a new offer which it’s hoped will avert a strike or lockout, both due to start Monday. The new offer follows a “marathon” of negotiations Tuesday between Cargill representatives and the bargaining committee for United Food and Commercial Workers […] Read more
Pacific sea surface temperature anomalies in degrees Celsius for the week centred on Nov. 24, 2021. Cooler-than-neutral sea surface temperatures at the equator are known to set up a La Nina event. (CPC.ncep.noaa.gov)
General, Weather

Prairie winter weather a sign of La Nina repeat

Full effects won't be seen for a while yet

By
MarketsFarm — December marks the start of what meteorologists call “meteorological winter” — and this winter, the Pacific Ocean phenomenon known as La Nina may be rearing its head once again. La Nina (Spanish for “little girl”) is a climate pattern detected over the Pacific every few years where cooler water pools at the equator […] Read more
CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall from highs as Omicron rattles markets

Chicago February lean hogs also lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market making seasonal lows

Surge of Canadian cattle exports expected

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Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define. […] Read more
Prime Minister Justin Trudeau is shown maps by Abbottsford, B.C. Mayor Henry Braun during a visit to the city on Nov. 26, 2021. (Photo: Reuters/Jennifer Gauthier)
General, Machinery, Reuters, Weather

B.C. extends fuel restrictions following flooding

Agricultural and farm-use vehicles exempted as 'essential'

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Reuters — Government officials in British Columbia on Monday extended restrictions on the use of fuel by residents, saying it was needed for emergency vehicles as the region recovers from devastating floods. The order, first issued on Nov. 19, limits vehicles deemed “non-essential” by the government to 30 litres of gasoline or diesel fuel per […] 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: Cattle post new highs, retreat on profit-taking

Chicago lean hogs close mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and […] 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 live cattle futures set new contract highs

February hogs drop to two-week low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set new highs on Friday and finished stronger on technical buying and firm cash prices, traders said. The front-month December contract and most-active February 2022 contract avoided losses seen in commodities such as crude oil and soybeans that were unnerved by the discovery of 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

Cargill serves lockout notice on High River workers

Company 'willing to keep meeting' after offer rejected

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Updated — Whether in a strike or a lockout, workers at one of Canada’s biggest beef slaughter plants took another step toward the picket line this week by voting to reject the company’s latest contract offer. A vote conducted Tuesday and Wednesday by the United Food and Commercial Workers (UFCW) Local 401 went to the […] Read more
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit fresh high

Higher cash values, beef demand support futures

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose for a sixth consecutive session on Wednesday, and the front-month contract touched its highest point in four-and-a-half years, on higher cash market prices and strong beef demand. Most contracts posted life-of-contract highs, extending a multi-session rally, amid rising beef imports by China and […] Read more

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