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Pasture

Earls president Mo Jessa took to YouTube on Wednesday to announce the company will work with Alberta ranchers to source beef meeting its criteria. (Earls.ca)
Beef Cattle, Livestock, Markets

Earls retreats from U.S. beef sourcing

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Canadian upscale-casual dining chain Earls Restaurants has pulled back from its recent public commitment to the “Certified Humane Beef” brand. Mo Jessa, president of Vancouver-based Earls, said Wednesday the company will instead begin to “work with local ranchers to build our supply of Alberta beef that meets our criteria” for animal care and treatment. The […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle extend gains

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Monday landed in positive territory for a second straight session, driven by more short-covering and futures’ discounts to last week’s cash prices, traders said. June live cattle closed 0.875 cent/lb. higher at 115.8 cents, and August ended up 1.3 cents at 113.725 cents (all […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Limited buying interest softens feeder market

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Just when I thought feeder cattle prices were stabilizing, once again the unexpected occurs. A sharp rally in U.S. grain futures, along with weaker fed cattle prices, caused western Canadian feeder cattle to trade $6-$12 lower compared to week-ago levels. Auction markets reported limited buying interest, with often only two or three larger feedlots stepping […] Read more
(Peggy Greb photo courtesy ARS/USDA)
Crops

EU crop chem firm takes stake in Engage Agro

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A Belgian crop protection firm may bring some of its products to Canada’s vegetable, vine and corn markets as it moves to take a minority stake in Canadian crop chemical distributor Engage Agro. Belchim Crop Protection announced last week it will take a “significant” but undisclosed minority stake in Guelph-based Engage Agro for an undisclosed […] Read more
Mount Roraima, Venezuela. (Cia.gov)
Livestock, Reuters

Venezuela ordered to pay U.K. firm for ranch takeovers

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Caracas | Reuters –– An international arbitration centre has ordered Venezuela to pay British cattle company Vestey Group nearly US$100 million for the nationalization of cattle ranches, pilling fresh pressure on the cash-strapped leftist government. Venezuela’s late president Hugo Chavez in 2005 sent in soldiers to seize major ranches and repopulate rural areas largely abandoned […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund selling drops CME live cattle limit down

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday, with nearby contracts down by their three-cent-pr-pound daily price limit, shaken by sell stops and fund liquidation, traders said. April and June live cattle ended down by the three-cent limit at 128.475 and 119.175 cents/lb., respectively (all figures US$). Live […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle markets remain sluggish

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Compared to last week, Canadian feeder cattle prices were steady to $5 lower across the Prairies while lighter-weight categories suffered a week-over-week decline of $4 to $6. Feedlots were a bit more aggressive on yearlings as quality backgrounded cattle are starting to dwindle at this time of year. A larger group of larger-frame lower-flesh Simmental […] Read more

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