Livestock
Tyson Foods has agreed to pay $82.5 million (C$113.3 million) to settle a proposed class-action lawsuit brought by grocers and other businesses that accused the meat and poultry giant of conspiring to inflate U.S. beef prices by restricting supply.
Livestock
Tyson Foods settles U.S. beef price-fixing lawsuit for $82.5 million
U.S. livestock: CME cattle futures rise on expectations of tight supplies
Chicago | Reuters – Chicago Mercantile Exchange cattle futures climbed on Wednesday as market players anticipated tighter cattle supplies in the first quarter of the new year, and there was some technical buying, according to analysts. CME February live cattle LCG26 settled 1.125 cents higher at 231.600 cents per pound, and March feeder cattle FCH26 […] Read more
China imposes curbs on beef imports to protect domestic industry
China will impose an added 55 per cent tariff on beef imports that exceed quota levels from key supplier countries including Brazil, Australia and the U.S. in a move to protect a domestic cattle industry slowly emerging from oversupply.
Klassen: Feedlot margins will determine feeder prices
There were no Western Canadian feeder cattle sales for week ending December 27. The shortened holiday week is always a time for cattle producers to call in and discuss factors that will influence the feeder market over the next couple months. In the short-term, finishing feedlot margins are the main factor driving the feeder market. […] Read more
U.S. livestock: Lean hogs tick down on supply numbers, year-end positioning
Chicago | Reuters – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s going […] Read more
‘Not a happy Trump supporter’: U.S. Cattle ranchers hit by push for lower beef prices
Much like the price of eggs during the Biden administration, the cost of beef has become an emblem of the affordability crisis in Donald Trump’s America. Beef prices hit record highs earlier this year as the cattle herd shrank and consumer demand remained strong.
Equine herpes case confirmed at Moose Jaw Exhibition Company
The Moose Jaw Exhibition Company has been placed under quarantine, effective Dec. 22, due to a confirmed case of equine herpesvirus-1 (EHV-1) at the grounds.
Klassen: Feeder market closes year on soft tone
For the week ending December 20, Western Canadian feeder cattle markets were steady to $10 weaker compared to seven days earlier. For the second week in a row, the price range was quite wide for similar weight cattle. Larger operations were focused on pre-conditioned vaccinated cattle given the adverse weather conditions. The quality of cattle […] Read more
U.S. livestock: Hogs rise ahead of ‘Hogs and Pigs’ report
Chicago cattle futures continued to inch upward on Monday. Hogs also rose in anticipation of Tuesday’s Hogs and Pigs report. Most-active February live cattle futures closed at 231.425 cents a pound, up 0.625 cents. April live cattle settled at 231.075 cents a pound, up 1.075 cents. Most-active March feeder cattle closed at 340.500 cents a […] Read more
USDA confirms bird flu case in Wisconsin dairy herd as new wildlife spillover
The United States Department of Agriculture on Friday confirmed that a case of highly pathogenic avian influenza in a Wisconsin dairy herd marked a new spillover event from wildlife to cattle, separate from previous outbreaks.
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