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Beef Cattle

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling markets mixed

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Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more
(SCIC.ca)
Beef Cattle, Livestock, Markets

Saskatchewan extends WLPIP premium rebate if needed

Rebate to offset premium prices, if above pre-COVID levels

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Saskatchewan’s temporary subsidy against price jumps in premiums for the Western Livestock Price Insurance Program (WLPIP) will continue when needed to the end of 2020. Saskatchewan Crop Insurance Corp. (SCIC), which administers the program in that province, announced Tuesday the WLPIP premium rebate is extended to Dec. 31, from its previous end date of Sept. […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

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Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling prices on fire

Canada's cattle herd remains in contraction stage

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Compared to last week, yearlings coming off grass traded $3-$5 higher; backgrounded yearlings were $1-$3 higher on average while calf markets were relatively unchanged. February and April live cattle futures closed marginally lower for the week; however, fed cattle basis levels from U.S. packers are very strong for winter and spring. This appears to be […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS to resume U.S. share listing plan after COVID-19 fallout

Management looking also for US$100 million in cost cuts

By
Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus […] Read more
(Dave Bedard photo)
Beef Cattle, Livestock

McDonald’s resuming all-Canadian beef supply

'Supply adjustment' ends next month, company says

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Updated, Aug. 18 — McDonald’s Canada’s pandemic-related “supply adjustment,” in which the burger chain cut its Canadian beef purchases to below 100 per cent, is set to end next month. The Canadian arm of the U.S. fast food giant announced Thursday it will resume its pre-pandemic policy of sourcing 100 per cent Canadian beef, starting […] Read more
This file photo shows a rack of blood samples being tested for bovine tuberculosis in New Zealand dairy cattle. (Lakeview_Images/iStock/Getty Images)
Beef Cattle, Livestock

Bovine TB probe wraps with no exact point of entry found

'More stringent' tests now being run on U.S. rodeo cattle imports

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Federal inspectors have formally closed the book on a 2018 outbreak of bovine tuberculosis (TB) in a British Columbia cattle herd, but with “no definitive source of infection” found. The probe dates back to October that year, when a beef cow of an unknown age, from a cow-calf operation in B.C.’s southern Interior, was culled, […] Read more

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