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Pigs

CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up for third straight day

December, February hogs lower

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Chicago | Reuters — CME Group cattle futures rose for a third day in a row on Friday, with the front-month live cattle contract hitting a fresh 4-1/2-year high on strong cash markets and rising slaughter numbers. Hog futures were weaker on technical selling. CME’s most-active February live cattle contract gained 0.45 cent to 137.7 […] Read more
Federal Agriculture Minister Marie-Claude Bibeau (second from left) and Nate Horner (right), her Alberta counterpart, during a tour of Olds College’s Smart Farm on Thursday. (Photo: Olds College/Sergei Belski, www.oldscollege.ca)
Livestock, Weather

Alberta looks for feed, Ottawa promises cash for B.C.

Alberta to help with veterinary testing after B.C.'s lab flooded, Alberta ag minister says

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Even though supplies are low because of drought, Alberta is looking for feed to send to B.C. livestock producers, while Ottawa will provide emergency financial assistance to farmers dealing with flooding and closed roads in the hard-hit province. “We’ve been working with the B.C. department of agriculture,” Alberta Agriculture Minister Nate Horner said during a […] Read more
Delivery vans from the Save-On-Foods grocery store chain wait for a police escort to cross through a landslide near Hope, B.C. on Nov. 18, 2021 to restock the local grocery store after rainstorms caused flooding and landslides in the region. (Photo: Reuters/Jesse Winter)
General, Reuters, Weather

Panicked shoppers clear out flood-hit B.C.’s grocery stores

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Reuters — Shoppers in British Columbia have emptied grocery shelves following catastrophic flooding, although the shortages are as much down to panic buying as disrupted supply chains, industry associations said on Thursday. Even as flood waters start to recede, some parts of the province are expected to face to temporary shortages of dairy supplies, with […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cash, export markets lift CME live cattle

December hogs lower, February up

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Chicago | Reuters — CME Group cattle futures rose on Thursday, with the front-month live cattle contract hitting its highest since June 2017 on support from strength in the cash markets. Rising overseas demand also lent support cattle futures after the U.S. Agriculture Department said that weekly beef export sales totaled 30,000 tonnes, the most […] Read more
Flooded roads are seen near Chilliwack, B.C. on Nov. 15, 2021 after rainstorms lashed parts of the province, triggering landslides and floods and shutting highways. (Photo: Reuters/Jennifer Gauthier)
General, Reuters, Weather

Severe B.C. rainstorms spur landslides, shut roads

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Ottawa | Reuters — Canadian helicopters carried out multiple missions on Monday to rescue hundreds of people trapped in their vehicles on a highway after huge rainstorms sparked landslides in British Columbia. The rainstorms that started on Sunday triggered landslides, shut roads, prompted the evacuation of an entire community, forced an oil pipeline to close […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle firm, cash cattle supportive

Heavier slaughters weigh on hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by tighter supplies of market-ready cattle that propped up cash prices last week, traders said. “In theory, the feedlots have a little more leverage, because there’s fewer cattle available for the packer to buy,” said Alan Brugler, president of Brugler Marketing. […] Read more
(Firehouse Subs/BusinessWire)
General, Reuters

Tim Hortons parent to buy Firehouse Subs as other brands drag

Chain's comparable year-to-date sales up 20 per cent against pre-pandemic levels

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Reuters — Tim Hortons parent Restaurant Brands International said Monday it will buy sandwich chain Firehouse Subs for US$1 billion, at a time when its popular brands are struggling due to increased competition from rivals launching new menu items. Analysts have said fried chicken sandwich pioneer Popeyes, owned by RBI, has been hurt by McDonald’s […] Read more
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mostly lower as corn climbs

Technical buying supports lean hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly lower on Friday, pressured by rising corn prices that depressed feeder cattle futures, traders said. But firmer cash cattle prices this week underpinned the market. CME January feeder cattle futures fell 1.35 cents to end at 157.725 cents/lb., sagging as Chicago Board of […] Read more

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