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Pickup trucks roll out of General Motors’ assembly plant at Oshawa, Ont. (Media.gm.ca)
Livestock, Machinery, Markets, Reuters

GM CEO says ‘we are selling every truck we can build’

Rising fuel prices not seen undermining big truck demand, yet

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Detroit | Reuters — General Motors CEO Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Rains enhance demand for grass cattle

Deferred cattle futures showing strength

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Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged; steer calves under 700 lbs. were steady to $2 higher on average; heifer calves were steady to $5 higher. Southern Alberta, along with the western half of Alberta, received 30-40 mm of rain over the week which enhanced demand for […] Read more
(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Hog sector to focus on margins in face of outside volatility

'Counter-cyclical' moves seen in markets

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MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said […] 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 cattle tumble on worries of waning demand

Hogs up off recent lows

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Chicago | Reuters — Concerns about red-hot U.S. inflation knocked down Chicago Mercantile Exchange live cattle and feeder cattle futures on Monday, as rising prices threaten beef demand, analysts said. Demand is most at risk for expensive steaks and other pricey cuts as some consumers shift to buying cheaper items, analysts said. U.S. consumer prices […] Read more
(Baxter Black video screen grab via YouTube)
Livestock

U.S. cowboy poet and veterinarian Baxter Black, 77

Black appeared on Carson, NPR and in Grainews

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U.S. cowboy poet, storyteller and veterinarian Baxter Black, whose work was a fixture for years in farm journals including Grainews, died Friday at age 77, his family reported. Born in New York in 1945, Black grew up in southern New Mexico and graduated from Colorado State University in 1969. He later relocated from Colorado to […] Read more
(Diane Kuhl/iStock/Getty Images)
Dairy Cattle, Livestock

Dairy farmers seek mid-year increase on farmgate milk prices

CDC to seek stakeholder comment next week

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The Canadian Dairy Commission will seek out feedback from industry stakeholders next week on Canadian dairy farmers’ request for a mid-year raise in farmgate milk prices. The CDC said June 2 it had received a request from Dairy Farmers of Canada for the increase “due to the current inflationary environment.” If it’s approved, and if […] Read more
CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures down in turnaround from rallies

July lean hogs close higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Friday on profit-taking, a session after prices reached multi-week highs, brokers said. The market was due to pull back after climbing six per cent since dropping on May 31 to their lowest price since October, brokers said. Strong demand from packers for a […] Read more
File photo of raw and cooked ground beef. (Lime and Lemon Media photo via Canada Beef Inc.)
Beef Cattle, Hogs, Livestock

Beef sector calls for Health Canada label exception

The Canadian Cattlemen's Association wants ground beef exempted from proposed rules

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The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] 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: Cattle futures consolidate near peaks

Chicago hog futures fall

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Chicago | Reuters — CME Group cattle futures stabilized near recent highs on Thursday, with strong cash markets and a round of speculative buying underpinning prices. Hog futures fell as the soybean futures market rallied to its highest in nearly 10 years, raising the prospect of higher feed costs. The U.S. Agriculture Department said on […] Read more
CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2) and 200-day moving average (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rally on concerns about supplies

July lean hogs turn lower

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures rallied on Wednesday, supported by technical buying and signs of tightening supplies in the cash market, traders said. On a continuous basis, the front-month fed cattle contract hit its highest since November 2015. Live cattle hit a six-week high. Hog futures ended weaker, giving up early […] Read more

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