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A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
Livestock, Markets, Reuters

U.K. is asked to reconsider ag tariff in Trans-Pacific talks

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Tokyo | Reuters — Japan, Australia and other members of a trans-Pacific trade pact have asked Britain to reconsider tariff conditions in its entry negotiation talks, Jiji news reported on Monday. Britain has opposed expanding the target of tariff-free items, particularly among agricultural products, to near 100 per cent as set by the Comprehensive and […] Read more
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hog futures fall to multi-month lows

Recession fears eat at demand expectations

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
Daniel Wuergler, co-owner of the Gallipool Frasses farm, walks among 18,000 Lohmann Classic laying hens at Les Montets, about 45 km northeast of Lausanne, on Sept. 16, 2022. (Photo: Reuters/Denis Balibouse)
Livestock, Reuters

Swiss reject initiative to ban factory farming

Voters back narrowly back rise in women's retirement age to 65

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Geneva | Reuters — Swiss voters on Sunday rejected a proposal to ban factory farming in a referendum on whether the wealthy country’s strict animal welfare laws need to be tightened yet further. The government’s VoteInfo App showed a provisional result of 62.86 per cent of votes against the proposal, put to a referendum under […] Read more
Wrecked structures float in the water in the aftermath of Hurricane Fiona at Rose Blanche, N.L., about 45 km east of Port aux Basques, on Sept. 25, 2022. (Photo: Reuters/John Morris)
General, Reuters, Weather

Cleanup work begins for Eastern Canada after Fiona

Five provinces assessing damage from 'unprecedented' storm

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Port aux Basques | Reuters — It will take several months for Canada to restore critical infrastructure after the powerful storm Fiona left an “unprecedented” trail of destruction, officials said on Sunday, as crews fanned out in five provinces to restore power and clean up fallen trees and debris. One 73-year-old woman died during the […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs slide on recession worries

Feeder cattle up on lower corn prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest level since early August on Friday on fears of a global recession that could curb demand for commodities including beef, traders said. CME October live cattle settled down 0.6 cent at 144.25 cents/lb. and the most-active December contract fell 0.8 cent […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs sag on macroeconomic concerns

Economy raises concern for beef demand

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, extending a pull-back from four-month highs set this week as traders worried about the health of the world economy and softening demand for beef, traders said. CME October live cattle ended down 1.025 cents at 144.85 cents/lb. and the most-active December […] Read more
CME December 2022 lean hogs (candlesticks, right column) with 20- and 100-day moving averages (brown and black lines) and CME cash lean hog index (pink line, left column). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs down on weak pork prices, macroeconomic fears

Chicago cattle also end lower ahead of report

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell nearly two per cent on Wednesday as falling wholesale pork prices and worries about the health of the global economy triggered a round of long liquidation, traders said. CME October lean hogs settled down 1.55 cents at 94.425 cents/lb. and most-active December hogs fell […] Read more
CME December 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle firm on strong cash trade

Nearby hogs lower despite cash strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle strengthened on Tuesday, underpinned by strong cash markets and tight supplies of market-ready cattle, though recession fears limit gains, traders said. “We saw some pretty strong cash trade in the western corn belt yesterday,” said Alan Brugler, president of Brugler Marketing. “Our long-term bias is higher, […] Read more
Pacific Ocean sea surface temperature anomalies (in degrees Celsius) for the week centred on Sept. 14, 2022. (CPC.ncep.noaa.gov)
General, Weather

La Nina set to continue for third year

Other weather patterns may override temporarily

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MarketsFarm — With fall soon upon North America, there’s nothing overly unusual with the continuation of La Nina, according to Drew Lerner, president of World Weather Inc. at Overland Park, Kansas. Going into its third year, some people might think this is the third consecutive La Nina — but Lerner said it’s the same one, […] Read more
CME October 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 live cattle mixed

Tight supplies underpin futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed to firmer on Monday, supported by diminished supplies of market-ready cattle that should be reflected in the U.S. Agriculture Department’s monthly Cattle on Feed report, due Friday. “It’s been a slow climb, but it’s also predicated on very large demand,” said Dennis Smith, […] Read more

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