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File photo of the Agropur logo on its former fluid milk plant in Winnipeg. (Dave Bedard photo)
Dairy Cattle, Livestock

Agropur backs major upgrades for Nova Scotia ice cream plant

Dairy co-op puts up $34M to 'redefine space' at Truro

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Major dairy co-operative Agropur is putting up eight figures to upgrade an ice cream and frozen novelties plant it owns in Nova Scotia to handle new premium product lines. The co-operative said June 17 it will invest $34 million in the former Scotsburn plant at Truro, to “redefine the space within the plant (and) support […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hog futures retreat from two-month high; cattle also fall

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Chicago | Reuters – CME Group cattle futures fell on Wednesday, as surprise deliveries in Texas showed that cash market supplies were higher than expected, traders said. Hog futures were lower, snapping a streak of four straight higher closes as traders locked in profits from the market’s move to a two-month high. CME July lean […] Read more
(Noel Hendrickson/DigitalVision/Getty Images)
Dairy Cattle, Livestock, Markets

Mid-year farm gate price hike approved for milk

Processors say incremental hike may soften impact on consumers

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A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept. […] Read more
CME July 2022 lean hogs (candlesticks) with 20- and 50-day moving averages (pink and brown lines) and CME cash lean hog index (purple line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise to two-month high

CME cattle futures mixed

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Chicago | Reuters — CME hog futures rose to their highest in two months on Tuesday as slowdowns on processing lines raised concerns about tightening supplies. Cattle futures were mixed, with feeder cattle contracts firming as falling corn prices improved prospects of cheaper feed and strong profit margins for packers. Live cattle contracts ended slightly […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Barley price forecasts enhance feeder cattle demand

Recent rains nearly guarantee at least average yields

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Compared to last week, western Canadian yearling prices were relatively unchanged. Heifer and steer calves were quoted steady to $3 lower on average but the market was harder to define due to limited numbers. Small packages of calves of various quality resulted in the wide-ranging price structure. Buying interest for grassers appears to have subsided. […] Read more
CME August 2022 live cattle (candlesticks) with 20-day moving average (pink line) and October 2022 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up on rising cash prices

Lean hogs up in pre-long weekend trade

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed stronger on Friday on rising cash prices, while lean hog futures hit two-week highs, analysts said. Feeder cattle futures also ended firmer. The markets advanced as U.S. stocks bounced back from a sharp selloff in the prior session. Losses in equities and concerns about […] Read more
CME August 2022 live cattle (candlesticks) with 20-day moving average (pink line) and June 2022 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle mixed on uncertain consumer demand

Export strength supports lean hogs

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Indianapolis | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with nearby contracts firming, while the most-active cattle futures eased pressured by inflationary concerns, though markets remain underpinned by tight cattle supplies across much of the U.S. Plains, analysts said. “The weakness comes from the uncertainty of the economy – how […] Read more
CME August 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 climb as cash markets surge

Firm cash prices also supportive in hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped two per cent on Wednesday, lifted by rising prices for market-ready cattle in the cash market, traders said. Cash cattle traded in Nebraska at around $145 per hundredweight, traders said, up $2-$4 from last week and significantly higher than nearby futures prices (all figures […] Read more
File photo of cattle in a Kansas feedlot. (BeyondImages/E+/Getty Images)
Beef Cattle, Livestock, Reuters, Weather

Heat, humidity kill at least 2,000 Kansas cattle, state says

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Chicago | Reuters — Extreme heat and humidity killed thousands of cattle in Kansas in recent days, the state said, and sizzling temperatures continue to threaten livestock. The deaths add pain to the U.S. cattle industry as producers have reduced herds due to drought and grappled with feed costs that climbed as Russia’s invasion of […] Read more
CME June 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 bounce back on bargain buying

July hogs touch six-day high, end lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished higher on Tuesday in a rebound from recent losses, brokers said. However, concerns about the risk of beef demand falling due to U.S. inflation continued to hang over the market, analysts said. They warn rising prices may increasingly push consumers to eat cheaper food […] Read more

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