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Beef cattle

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

U.S. livestock: Bargain-buying investors rally cattle futures, again

CME June lean hogs down on day

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Chicago | Reuters — U.S. cattle futures surged for a second straight session on Wednesday, as investors kept snapping up deep discounts in futures prices, traders said. Lean hog future prices slipped, as concern continued to mount over a glut of domestic pork supplies and uncertainty on how quickly the U.S. sow herd is shrinking. […] Read more
A look back at past recessions can provide some long-term guidance for cow-calf operators.
Beef Cattle, Cattleman’s Corner, Markets

Cattle market absorbs recessionary factors

Market Update with Jerry Klassen: Experience shows it will take months for the market to recover

By
North America and the world economy in general will move into contraction phase during 2020. Negative economic data is starting to come out for the first couple of months of the year. Early estimates have Canadian and U.S. GDP contracting by two to four per cent in the first quarter and as much as eight […] Read more
This file photo shows a rack of blood samples being tested for bovine tuberculosis in New Zealand dairy cattle. (Lakeview_Images/iStock/Getty Images)
Beef Cattle, Livestock

On-farm tests wrap up in bovine TB probe

CFIA investigation turns up just four positive B.C. cattle

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The “trace-in” phase of Canada’s latest bovine tuberculosis (TB) investigation has ended with just four cattle from one British Columbia herd testing positive for the disease. The Canadian Food Inspection Agency last week announced all on-farm testing has been completed in its probe, which dates back to November 2018 when lab tests confirmed TB in […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures surge as investors snap up discounts

June live cattle limit up off Monday's limit-down drop

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Chicago | Reuters — U.S. livestock futures surged on Tuesday — with live cattle futures up to their 4.5-cent expanded limit — as steep discounts in futures prices over the current cash markets wooed investors to buy back in, traders said. Feeder cattle also jumped to their normal trading day limits, as the sector overall […] Read more
FIle photo of Dr. Baljit Singh, dean of veterinary medicine at the University of Calgary, leading a tour the UCVM’s Spy Hill campus in 2017. (Gov.ab.ca)
Livestock

Universities can adapt to COVID-19, UCVM dean says

As administrators and faculty modify the system, dean calls for renewed public focus on food production and distribution

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As COVID-19 pushes universities to change the way they teach, carry out research and conduct clinical work, the dean of veterinary medicine at the University of Calgary is confident that they can adapt. The academic system “from coast to coast is very intact,” Dr. Baljit Singh said. “We will continue to develop new technologies. We […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market lacks buying interest

Market gives in to pressure from Chicago futures

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Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more
Emergence in an Ontario soybean field. (File photo by John Greig)
General, Markets, Weather

Ontario extends RMP deadlines for crops, livestock

Move won't create coverage gaps, Agricorp says

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Ontario grain, oilseed and livestock producers will get extra time to apply for, make changes to or cancel coverage under the provincial Risk Management Program (RMP). Agricorp, the province’s ag program delivery agency, announced Wednesday the new deadline for applications or coverage changes for 2020 will be June 30. The previous deadlines to apply or […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures drop as pandemic roils markets

Technical buying lifts hogs, feeder cattle

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Chicago | Reuters — U.S. live cattle futures plunged to their daily trading limit on Monday — with prices for the front-month contract hitting the lowest seen since December 2009 — as beef inventories remain robust with much of the U.S. restaurant industry shuttered due to the pandemic. April live cattle were down the 4.5-cent […] Read more
(Strickke/E+/Getty Images)
General, Machinery

Federal carbon tax rises despite opposition, pandemic

Ottawa not backing away from scheduled increases

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Ottawa — The federal government has pushed ahead with an increase to the carbon tax despite continued calls from the agriculture sector for reprieve from the program. The price on carbon rose from $20 per tonne to $30 per tonne effective April 1. The federal Liberal government is standing firm on its commitment to increase […] Read more
A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)
General, Markets

Trade pacts, food policy on AAFC’s agenda for 2020-21

Department also plans to back collaborative research between farmers, scientists

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Improving international trade and introducing the new food policy highlight Agriculture and Agri-Food Canada’s (AAFC) plans for the next year. In its 2020-21 departmental plan, which sets priorities for the upcoming year, AAFC says it will “continue to assist the sector to take advantage of market opportunities and maintain or improve access to international markets, […] Read more

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