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Beef cattle

(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Beef demand soars as consumers ‘aggressively’ stock up

Surge in sales accompanied by a jump in people looking online for recipes

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Canada’s beef demand has been strong during the pandemic. “Unlike previous disease outbreak issues, COVID-19 has not been about food safety or consumer confidence or issues with food products,” Canada Beef president Michael Young said during a recent online town hall. “Beef demand at retail is up 50 to 70 per cent. Consumers have aggressively […] Read more
(Dave Bedard photo)
General, Markets, Weather

Canadian farmland trending less affordable in FCC report

Average values continue rising across board

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The average value of farmland in Canada is continuing to rise faster than farmers’ ability to generate revenue from it, Farm Credit Canada’s latest Farmland Values Report suggests. The report, released Monday, shows the average value of Canadian farmland rose 5.2 per cent in 2019 over 2018, the smallest year-over-year increase since 2010, and down […] Read more
Farmer Anil Salunkhe feeds strawberries to a cow during a 21-day nationwide lockdown to slow the spread of COVID-19 in the Satara district in India’s Maharashtra state on April 1, 2020. (Photo: Reuters/Rajendra Jadhav)
Crops, Markets, Reuters

How COVID-19 is upending global food supply chains

Cows fed strawberries in India, watermelons rot in U.S., okra not reaching Canada

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Satara/Singapore/London | Reuters — In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows. It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that […] Read more
CME April 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit 17-1/2-year low

Cattle also sink as virus measures disrupt markets

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Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
Coronavirus having an impact on cattle market
Beef Cattle, Cattleman’s Corner, Markets

Coronavirus having an impact on cattle market

Market Update with Jerry Klassen: Lower demand coupled with larger supplies weighs on prices

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The coronavirus epidemic has contributed to the drop in fed cattle prices over the past couple of months. In the last week of January, Alberta packers were buying fed cattle at $275 on a dressed basis and $165 on a live basis but as of the first week of March, Alberta packer bids were in […] Read more
CME April 2020 lean hogs, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop to 3-1/2 year low

Cattle also limit down on coronavirus pandemic

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Chicago | Reuters — U.S. hog futures dropped to a 3-1/2 year low on Thursday while cattle tumbled as recession concerns and surging U.S. unemployment due to the coronavirus pandemic triggered broad liquidation across the battered livestock markets. Both live and feeder cattle and lean hogs dropped by their daily trading limits for a second […] Read more
(Photo courtesy Canola Council of Canada)
General

Farming deemed essential in new federal pandemic guidance

Food production and supporting industries amid 'critical infrastructure'

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Workers in agriculture and supporting industries are on a new federal guidance list of employees considered “essential to maintain the health, safety, security and economic well-being of Canadians” amid the COVID-19 pandemic. Federal Public Safety Minister Bill Blair on Thursday released a new guidance document, “Guidance on Essential Services and Functions in Canada During the […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock

Alberta’s provincial meat inspectors to train for federal duty

Provincial inspectors to be seconded to CFIA-inspected packers

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Provincial meat inspectors in Alberta could soon be seconded to federally inspected packing plants under a new work-sharing arrangement between the province and Canadian Food Inspection Agency. The federal and Alberta governments announced Wednesday they would partner to “increase food inspector capacity” in the province and thus “ensure the continuous operation of Alberta’s food supply […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs limit down on coronavirus fears

Market has to 'reevaluate' supply/demand picture

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Chicago | Reuters — U.S. livestock futures on the Chicago Mercantile Exchange (CME) plunged by their daily trading limits on Wednesday as stricter coronavirus emergency measures hammered stock markets and deepened worries about a global recession. Live cattle futures dropped for the fourth time in five sessions, erasing all of the prior session’s gains, while […] Read more
Riding Mountain National Park in western Manitoba. (Mysticenergy/E+/Getty Images)
General, Machinery, Weather

Manitoba eases load limits for grains, livestock, vegetables, fertilizer

'Essential' commodities allowed at normal axle weights on more roads

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Springtime load limits on certain Manitoba highways will be lifted early this year for transport of crops, livestock, fertilizer and other “essential” goods. Provincial Infrastructure Minister Ron Schuler announced Tuesday that certain essential goods may be trucked at “normal loading” axle weights on highways usually subject to Level 1 road restrictions during spring thaw. Essential […] Read more

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