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Beef cattle

U.S. livestock: Live cattle mostly higher on good demand, cold concerns
Livestock, Markets, Reuters

U.S. livestock: Live cattle mostly higher on good demand, cold concerns

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures for April delivery, the most actively traded contract, firmed for the fourth day in a row on Wednesday on good end-user demand. The contract hit an all time-high of 128.15 cents/lb. during Wednesday’s session but closed slightly below that peak (all figures US$). The front-month […] Read more
U.S. livestock: Feeder cattle weak as temperatures fall
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle weak as temperatures fall

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly firmer on Tuesday, with the most-active April contract hitting an all-time high, due to strong domestic demand, traders said. Feeder cattle futures were mixed, with the nearby contracts easing as temperatures in key livestock production regions of the U.S. are forecast to plummet […] Read more
Agriculture and Agri-Food Canada’s map of deferral-designated areas for the 2018 tax year as of Oct. 25, 2018. (Agr.gc.ca)
Beef Cattle, Livestock, Weather

Unusual third assessment run for livestock tax deferrals

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In an unusual move, Agriculture and Agri-Food Canada has undertaken a third assessment for the federal livestock tax deferral. “Federal officials are currently finalizing the analysis to identify whether any additional regions have met the criteria for the livestock tax deferral,” AAFC spokesperson James Watson said. Under the deferral plan, cattle producers affected by severe […] Read more
(WPohlDesign/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market easily absorbs adverse weather

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Western Canadian feeder markets were relatively unchanged from week-ago levels but there were a couple of unique characteristics in certain regions. Quality yearling packages were $2-$4 higher in Alberta but fleshier replacements were discounted. Eastern Prairie regions had grass cattle under 600 lbs. trading $3 to as much as $8 above week-ago levels. Order buyers […] Read more
U.S. livestock: Hogs mostly lower
Livestock, Markets, Reuters

U.S. livestock: Hogs mostly lower

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Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mostly lower on Monday, with the market still technically weak despite four straight days of declines last week. The most-active April hog contract managed to close slightly higher on a mild bargain-buying bounce after hitting its lowest since mid-August. But most hog contracts were weaker. […] Read more
USDA’s main home page on Jan. 11, 2019. (GFM Staff photo)
Crops, Markets, Reuters

USDA extends deadline for aid after shutdown

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Washington | Reuters — U.S. farmers now have until Feb. 14 to apply for federal aid designed to offset the impact of retaliatory Chinese tariffs on American crops, the U.S. Department of Agriculture said on Monday, after delays caused by the month-long government shutdown. The previous deadline for the aid program, officially known as the […] Read more
A look at what’s ahead for the Canadian dollar
Cattleman’s Corner, Markets

A look at what’s ahead for the Canadian dollar

Market Update with Jerry Klassen: Expect a slower economy, more debt and likely more taxes

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The Canadian dollar eroded by 7.8 per cent during 2018 with most of this deterioration coming in the fourth quarter. For cattle producers, this isn’t necessarily negative. Recent data shows that year-to-date feeder cattle exports for the week ending Dec. 8, 2018 were 191,863 head, up a whopping 66 per cent over the same period […] Read more

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