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Beef cattle

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: June cattle limit up on surging beef prices, meat shortages

Lean hogs down on profit-taking

By
Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

Trump asks U.S. Justice Department to look into meat price disparities

By ,
Washington | Reuters — U.S. President Donald Trump said on Wednesday he had urged the Justice Department to look into allegations that the meatpacking industry broke antitrust law because the price that slaughterhouses pay farmers for animals had dropped even as meat prices rose. “I’ve asked the Justice Department to look into it. … I’ve […] Read more
COVID-19 aid ‘falls short,’ farm groups warn
General, Markets

COVID-19 aid ‘falls short,’ farm groups warn

Aid package includes AgriRecovery for cattle, hog sectors

By
Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more
Dealing with diphtheria in calves
Cattleman’s Corner, Cow-Calf, Livestock

Dealing with diphtheria in calves

Several treatment options to get animals breathing again

By
Upper respiratory problems in cattle include diphtheria — the common name for infection/inflammation of the vocal folds of the larynx (voice box) at the back of the throat. Infection in this area is called necrotic laryngitis. Swelling from the inflammation can restrict the airway and make breathing difficult. In acute cases, the calf may die […] Read more
Blog, Lees insight

This is no time for the Feds to get tight with the purse strings

Cash and commitments needed for livestock and crop sectors

By
 While livestock and crop producers were disappointed with the May 5 announcement from the federal government that the industry was receiving only $252 million in pandemic assistance, other sectors appreciated the help. McCain Foods for example was glad to hear that about $50 million of that $252 million would be used to support a surplus […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs slide after three days of gains

"The workers are spooked to come to work"

By
Chicago | Reuters — U.S. cattle and hog futures retreated on Tuesday in a profit-taking setback after three sessions of gains that were fueled by rising meat prices and concerns about meat shortages as several packing plants have closed due to coronavirus infections among workers. Benchmark June lean hog futures corrected after gaining nearly 18 […] Read more
Blog, Lees insight

Canadian farmers hanging on by their fingertips

By
COVID-19 is sucking the life out of the Canadian agriculture industry and there aren’t that many weeks left before farm operations across the country will be among the casualties of the pandemic —  victims of the so-called financial assistance from the federal government that was truly too little, too late. It was a sombre panel […] Read more
Prime Minister Justin Trudeau speaks at Rideau Cottage in Ottawa in this April 24, 2020 file photo. (Photo: Reuters/Blair Gable)
General, Markets

Trudeau pledges $252 million in COVID-19 aid for farmers, processors

Dairy commission's credit line extended for storage program

By
Ottawa | Reuters — Canada will invest $252 million to help some of the country’s farming and food processing sectors weather the coronavirus outbreak, Prime Minister Justin Trudeau said Tuesday, adding more money could come later if needed. The Canadian Federation of Agriculture, one of Canada’s biggest farm groups, asked Ottawa last week for an […] Read more

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