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Beef cattle

Oil is an “imperfect barometer” for how other commodities will perform, FCC’s J.P. Gervais says. (Screengrab from Farm Credit Canada video via YouTube)
General, Machinery, Markets

Impacts on ag expected as COVID-19 rocks markets

Farmers urged to manage expenses

By
Stocks continuing to plunge during the COVID-19 coronavirus pandemic have left agricultural producers in Canada concerned about the potential impact. Thursday marked the biggest drop in Canadian stocks in 80 years, highlighted by many economists warning the country is on the brink of recession. Beyond growing fears of COVID-19’s economic impact, oil and gas stocks […] Read more
File photo of Deputy Prime Minister Chrystia Freeland in the House of Commons in Ottawa on March 9, 2020. (Photo: Reuters/Blair Gable)
General, Markets, Reuters

Parliament hustles through CUSMA ratification

Implementing bill passes before Commons adjourns until April 20

By
Ottawa | Reuters — Canada’s Parliament rushed through ratification of the new Canada-U.S.-Mexico (CUSMA) trade pact on Friday before taking a three-week break to help stop the spread of the coronavirus, a top government official said. Canada was the last of the three signatories to formally adopt the pact, prompting congratulations from the United States […] Read more
(Kat72/iStock/Getty Images)
Barley, Crops, Markets

Feed weekly outlook: Seasonal restrictions underpin grains

Coronavirus fallout being watched

By ,
MarketsFarm — Seasonal weight restrictions and spring road bans are providing some underlying support for feed grain bids in Western Canada, with the COVID-19 coronavirus outbreak also being followed closely. “Winter weights are coming off, which is restricting the areas (feedlots) can pull from,” said Allen Pirness, of MarketPlace Commodities in Lethbridge, adding “there’s a […] Read more
CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

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

By
Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread […] Read more
It takes a bit of time to understand the supply and demand influences 
on fed cattle.
Beef Cattle, Cattleman’s Corner, Markets

Back to Economics 101 for feeder cattle

Market Update with Jerry Klassen: Look for key market numbers that help determine prices

By
I receive many inquiries about the cattle market throughout the year, and in many cases, I realize the producer does not have a good handle on the fundamentals for beef or cattle. Supply-and-demand projections appear to be a foreign subject for many. For example, I’ve received many calls asking why the cattle price has to […] Read more
Tighter regulations take effect for B.C. farmland reserve
General

Tighter regulations take effect for B.C. farmland reserve

Local governments' expanded role to take effect this fall

By ,
New regulations governing how — or if — changes can be made to land’s status within British Columbia’s Agricultural Land Reserve (ALR) are now in force, but local governments get more prep time for their expanded role. The province on Thursday announced amendments to the Agricultural Land Commission (ALC) Act — having received royal assent […] Read more
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Wall Street leads CME cattle, hogs limit down

'You are developing a demand problem'

By
Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more
Hiring labour for your farm
Features, News

Hiring labour for your farm

Ask the right questions, tell people about the job, and make sure you’re on the same page

By
At the Farm Forum Event in Saskatoon this winter, Leah Knibbs, a human resource management expert from Kn/a HR Consulting, gave farmers some tips on finding and keeping the right farm employee. Knibbs offered several pointers to use during job interviews. “The best predictor of future behaviour is past behaviour,” she said. When you’re asking […] Read more
An image created by Nexu Science Communication, together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus, the type of virus linked to COVID-19. (Nexu Science Communication via Reuters)
General, Markets

Fraser: What will be the long-term impact of COVID-19?

Analysis: A pandemic runs the risk of driving nations further apart

By
As developments around the COVID-19 coronavirus change rapidly, I can’t help but speculate on the longer-term effects of it. By now, much has been made of the economic impact it — alongside the Saudi Arabia-Russia oil trade war — will have on global economies. While it’s guesswork to estimate the total impact without knowing how […] Read more
Taste-testing during a Canadian Beef Advantage Seminar in Shanghai in 2013. (Canada Beef via YouTube)
Beef Cattle, Livestock, Reuters

China proposes new standards on hormone residues in beef

New standards would apply to all beef exporters

By ,
Beijing | Reuters — China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step toward opening up its market to imports of the meat from the U.S. China has previously had zero tolerance for any residues of growth hormones, which has restricted the […] Read more

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