Livestock & Production Tips

U.S. livestock: Cattle extend climb on robust packer margins

By Julie Ingwersen, GFM Network News August 23, 2019

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. “Packers are just raking it in, so the incentive is there to ramp up […] Read more

Agriculture Minister Marie-Claude Bibeau addresses the 2019 Dairy Farmers of Canada AGM in Saskatoon in July. (Photo courtesy AAFC)

Dairy Cattle, Livestock

Future payouts from dairy fund still up for discussion

By GFM Network News August 22, 2019

What happens to the rest of Canada’s eight-year, $1.75 billion funding envelope to compensate its dairy farmers for other countries’ gains in market access is still up for discussion, according to the federal ag minister. In a statement Wednesday, Agriculture Minister Marie-Claude Bibeau said Ottawa gets that Canadian dairy farmers want more direct payments beyond […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME cattle rise on strong beef demand

By Julie Ingwersen, GFM Network News August 21, 2019

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday for a third session as strong demand for beef ahead of the Labour Day holiday bolstered margins for meat packers, traders said. CME October live cattle futures ended up 0.225 cent at 100.225 cents/lb., and October feeder cattle settled up 0.9 […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb on wholesale beef demand

By Julie Ingwersen, GFM Network News August 21, 2019

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the Labour Day holiday weekend, analysts said. Retailers are stocking their meat cases this week ahead of the Labour Day holiday on Sept. 2, while a Tyson Foods slaughterhouse […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle falter under fed cattle uncertainty

By Jerry Klassen, GFM Network News August 20, 2019

Compared to last week, western Canadian yearling prices were down $2-$4 on average. The feeder cattle market was hard to define due to limited volumes; however, prices were down $2 to as much as $6 in some cases. The Aug. 9 fire at a Tyson packing plant near Holcomb, Kansas set a negative tone for […] Read more

Elanco Animal Health CEO Jeff Simmons speaks during an interview at the New York Stock Exchange (NYSE) on Sept. 20, 2018. (Photo: Reuters/Brendan McDermid)

Livestock, Reuters

Elanco to become No. 2 in animal health with Bayer deal

By GFM Network News August 20, 2019

Reuters — Elanco Animal Health agreed to buy Bayer’s veterinary drugs unit on Tuesday in a cash and stock deal valued at US$7.6 billion (C$10 billion), creating the second largest maker of medicines for livestock and pets and expanding Elanco’s reach online. The deal is the latest in the fast-growing animal health market, which has […] Read more

Livestock, Markets, Reuters

U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter

By Julie Ingwersen, GFM Network News August 19, 2019

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more

File photo of a hog cooling off in a pond in the Philippines. (Stewart Hall/iStock/Getty Images)

Hogs, Livestock, Reuters

Philippines checks for swine fever as pig deaths rise

By Reuters, GFM Network News August 19, 2019

Manila | Reuters — The Philippines has set up a crisis management team to determine if the deadly African swine fever virus has reached the country after officials detected a rise in pig deaths in some areas. The Bureau of Animal Industry had reported an increased mortality of pigs “raised by farmers in their backyards” […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME hogs limit down on demand concerns

By Mark Weinraub, GFM Network News August 16, 2019

Chicago | Reuters — CME lean hog futures fell sharply on Friday, with the most-active October contract notching a limit-down move as traders worried that seasonal growth in supplies will outstrip demand. Weakness in the cash market also spilled over into the futures, traders said. The demand concerns stemmed from uncertainty about potential purchases from […] Read more

Canadian dairy farmers will get $345 million in direct payments in the first year of an eight-year, $1.75 billion support package. (John Greig photo)

Dairy Cattle, Livestock

Dairy farmers to get direct cash payment as trade compensation

By GFM Network News August 16, 2019

Canadian dairy farmers will be getting direct cash compensation after the government gave up dairy market access to other countries in recent trade deals. The compensation follows promises by the Trudeau government — and the Harper government before it — that dairy farmers would be compensated in some form for the loss of market. Why […] Read more

GFM Network News

Farmers, traders ‘flying blind’ as U.S. shutdown blocks key crop data

U.S. livestock: Feeder cattle rise to new highs on tight supply, strong cash prices

U.S. grains: Soybeans slip on profit-taking, China trade worries

Livestock

U.S. livestock: Cattle extend climb on robust packer margins

Future payouts from dairy fund still up for discussion

U.S. livestock: CME cattle rise on strong beef demand

U.S. livestock: CME live cattle climb on wholesale beef demand

Klassen: Feeder cattle falter under fed cattle uncertainty

Elanco to become No. 2 in animal health with Bayer deal

U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter

Philippines checks for swine fever as pig deaths rise

U.S. livestock: CME hogs limit down on demand concerns

Dairy farmers to get direct cash payment as trade compensation

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