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Beef cattle

(Dave Bedard photo)
Beef Cattle, Livestock, Markets

Guelph beef plant idled against COVID-19 outbreak

Cattle set-aside plan en route, BFO says

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Agrifood giant Cargill is temporarily halting production at its beef processing plant at Guelph, Ont. in the wake of a significant COVID-19 outbreak among employees. The company announced it would “begin the process to temporarily idle” the Dunlop Drive plant effective Thursday (Dec. 17). “This was a difficult decision for our team who are operating […] Read more
(Fentino/E+/Getty Images)
Crops, Machinery

Bibeau promises help to farmers on rising carbon tax

Funds expected to help farmers cut emissions

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A steadily rising carbon tax has a lot of Western Canada’s grain farmers wondering how they’ll compete in world markets against competitors not subjected to a similar tax. “I think the world market is also looking towards a greener economy and always more sustainable agriculture,” federal Agriculture Minister Marie-Claude Bibeau said when the question was […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm despite weak cash markets

Hogs down on technical selling

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Chicago | Reuters — U.S. cattle futures firmed on Wednesday, shrugging off weakness in the cash market in anticipation of tightening supplies in the coming months, traders said. Hog futures eased on a round of technical selling. Traders were expecting a U.S. Department of Agriculture (USDA) report on Friday to show an 8.6 per cent […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle market volatility continues

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Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). Fed and feeder cattle futures […] Read more
CME February 2021 lean hogs with 20-, 30-, 40- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally on technical buying

CME cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose slightly on Tuesday on follow-through buying from a rally on Monday, traders said. Cattle futures eased, pressured by recent weakness in the cash markets as well as some technical sales. Chicago Mercantile Exchange (CME) February lean hogs rose 0.775 cent to settle at 66.45 cents/lb. (all […] Read more
CME February 2021 lean hogs with 100-day moving average and Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally on technical buying

February live cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more
Environment Minister Jonathan Wilkinson, with Infrastructure Minister Catherine McKenna (l) and Heritage Minister Steven Guilbeault (r), speaks at the Dominion Arboretum in Ottawa on Dec. 11, 2020. (Photo: Reuters/Blair Gable)
Crops, Machinery, Weather

New greening programs planned for ag alongside carbon tax hike

Carbon price to hit $170 per tonne by 2030

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A new federal climate plan which further cranks up taxes on carbon emissions also includes pledges of new programs to help sink more carbon into farmland. The government on Friday released the sequel to its 2016 Pan-Canadian Framework on Clean Growth and Climate Change — a “strengthened” climate plan, titled A Healthy Environment and a […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle rise on technical and bargain buying

CME lean hog futures sink

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Chicago | Reuters — U.S. live cattle futures advanced for a third straight session on Friday supported by technical and bargain buying and as strong packer margins were seen potentially keeping a floor under cash cattle prices. Futures rose despite some demand concerns as soaring U.S. coronavirus rates triggered lockdowns that impact restaurant traffic, and […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle advance in bargain-buying bounce

CME lean hogs drop

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Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more
CME February 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Short covering, bargain buying lift cattle, hog futures

Meat prices, cash values temper gains

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Chicago | Reuters — U.S. live cattle futures firmed on Wednesday in a short-covering and bargain-buying bounce following four straight losing sessions that had dragged prices to 2-1/2-week lows. Lean hog futures also firmed on short covering and bargain buying, though livestock traders remained generally cautious as they monitor broadening coronavirus restrictions and pandemic relief […] Read more

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