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Beef cattle feeding in Ontario. (DebraLee Wiseberg/iStock/Getty Images)
Beef Cattle, Livestock, Markets

Ontario’s beef set-aside AgriRecovery plan underway

Applications for first intake due Dec. 22

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A set-aside program has formally been launched to help Ontario’s 6,800-odd cattle producers maintain market-ready animals while Eastern Canada’s biggest beef slaughter plant remains closed. Federal and provincial officials on Monday announced applications are now open for the Canada-Ontario COVID-19 AgriRecovery Beef Emergency Feed Maintenance Initiative, with applications for the first intake period due by […] Read more
CME February 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures weaken on technical setback

Hog futures up ahead of USDA data

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Chicago | Reuters — U.S. live cattle futures eased on Monday, setting back on some mild technical selling after three days of gains, while hog futures edged higher, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled 0.2 cent lower at 114.65 cents/lb. (all figures US$). The contract hit its highest since Nov. […] Read more
CME February 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm as cash market rebound seen

Hog report expected to show smaller herd

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Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Friday, on expectations that the cash market would rebound from recent lows in the coming days. Traders also viewed a government report that showed cattle placements during November were down sharply from a year earlier as bullish. “The […] Read more
CME February 2021 live cattle (candlesticks) with 100-day moving average (red line) and January 2021 feeder cattle (pink line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm

Hogs weak despite big pork exports

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Chicago | Reuters — U.S. cattle futures rose to a two-week high on Thursday, their second straight day of gains, on technical buying, traders said. Hog futures were weaker despite signs of strong pork exports and firm demand from China. Chicago Mercantile Exchange (CME) February live cattle futures settled up 0.675 cent at 114.45 cents/lb. […] Read more
(Dave Bedard photo)
Beef Cattle, Livestock, Markets

Guelph beef plant idled against COVID-19 outbreak

Cattle set-aside plan en route, BFO says

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Agrifood giant Cargill is temporarily halting production at its beef processing plant at Guelph, Ont. in the wake of a significant COVID-19 outbreak among employees. The company announced it would “begin the process to temporarily idle” the Dunlop Drive plant effective Thursday (Dec. 17). “This was a difficult decision for our team who are operating […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm despite weak cash markets

Hogs down on technical selling

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Chicago | Reuters — U.S. cattle futures firmed on Wednesday, shrugging off weakness in the cash market in anticipation of tightening supplies in the coming months, traders said. Hog futures eased on a round of technical selling. Traders were expecting a U.S. Department of Agriculture (USDA) report on Friday to show an 8.6 per cent […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle market volatility continues

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Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). Fed and feeder cattle futures […] Read more
CME February 2021 lean hogs with 20-, 30-, 40- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally on technical buying

CME cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose slightly on Tuesday on follow-through buying from a rally on Monday, traders said. Cattle futures eased, pressured by recent weakness in the cash markets as well as some technical sales. Chicago Mercantile Exchange (CME) February lean hogs rose 0.775 cent to settle at 66.45 cents/lb. (all […] Read more
CME February 2021 lean hogs with 100-day moving average and Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally on technical buying

February live cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more

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