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Canada Beef Inc.
Crops, Livestock

Feds announce tax support for farmers

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In a news release distributed today linked to Budget 2017, Agriculture and Agri-Food Minister Lawrence MacAulay announced tax relief to help farmers who received compensation under the Health of Animals Act from livestock destroyed due to the bovine tuberculosis outbreak in 2016 and 2017 in Alberta and Saskatchewan. The federal government also released its 2017 list of designated regions for livestock […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Profit-taking undercuts CME live cattle futures

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Chicago | Reuters – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday is […] Read more
Photo: File
Crops, Livestock

Canadian agricultural exporters urge Trans Pacific Partnership without U.S.

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The Canadian Agri-Food Trade Alliance (CAFTA), added its voice to the long list of Canadian agricultural exporters urging the federal government to achieve a trade deal with the 11 remaining Trans Pacific Partnership members. The planned summit in Vietnam next week represents a unique opportunity for Canada to take the forefront in negotiations as the […] Read more
File photo
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures retreat from 5-month high

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Chicago | Reuters – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
Livestock, Markets, Reuters

U.S. livestock: CME live cattle retreat from five-month high

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Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise again on cash hopes

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Chicago | Reuters — U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120/cwt, which was up from feedlot […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle, hogs hit contract highs on fund buying

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Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog futures added to those bets, […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle surge to contract highs on higher cash prices

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Chicago | Reuters –– U.S. live cattle and feeder cattle futures contracts surged to lifetime peaks on Monday, boosted by unexpectedly high-priced sales in cash cattle markets that occurred after the futures close on Friday, traders said. Cattle futures on the Chicago Mercantile Exchange surpassed Friday’s highs when trade resumed on Monday and some contracts […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rise on firmer cash price expectations

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Chicago | Reuters — Chicago Mercantile Exchange nearby live cattle contracts on Friday gained for a second straight day, guided by expectations for steady-to-higher cash prices by late Friday, traders said. October live cattle, which expire on Oct. 31, finished 1.225 cents/lb. higher at 115.375 cents (all figures US$). Most actively traded December closed up […] Read more

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