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Beef cattle

CFA president Mary Robinson at the organization’s AGM in Ottawa in February 2020. (CFA-fca.ca)
General

CFA seeks immediate cash for farmers

Farm and industry leaders say more needed beyond measures already announced

By
The Canadian Federation of Agriculture wants the federal government to provide immediate stimulus to farmers through business risk management (BRM) programs as part of its ongoing response to COVID-19. At a recent board meeting, the organization representing about 200,000 farmers across Canada passed motions calling for increased funding to the AgriInvest BRM program — and […] Read more
(Canada Border Services Agency video screengrab)
General, Machinery, Markets

Cross-border truckers exempt from mandatory isolation

TFWs coming to Canada won't be exempt from new rule

By ,
Truckers and others who are still allowed to cross into Canada on essential business are exempt from a new two-week self-isolation rule for people arriving in the country. Health Minister Patty Hajdu on Wednesday announced an emergency order under the federal Quarantine Act, requiring anyone who’s entering Canada by land, air or sea to self-isolate […] Read more
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

By
Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more
(JBSs.infoinvest.com.br)
Livestock, Markets, Reuters

JBS sees steady trade flows but flags export woes

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Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

By
Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more
Lees insight

Important to heed COVID-19 advice

Boy, with the COVID-19 Pandemic reaching North America it became a very different world out there in just a short few weeks. Farmers are still farming — carrying on their essential services— but people movement and daily commerce is facing never before heard of recommendations and restrictions all in a bid to slow the spread […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

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Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more
(Assnat.qc.ca)
General, Weather

Quebec ag lender offers break on loan payments

Crop insurance enrolment deadline also postponed

By ,
Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

As meat demand rises, processors raise pay for farmers, workers

By ,
Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more

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