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Three main factors will weigh on calf prices this fall.
Cattleman’s Corner, Livestock, Markets

Beef demand heads into the slow months

Market Update with Jerry Klassen: Be prepared, as the high yearling market only has one way to go

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Alberta packers were buying fed cattle in the range of $140 to $143 during the first half of September. The market has come under pressure due to the year over year increase in market-ready feed supplies. In addition to the higher beef production, beef demand is moving through a seasonal low. During September and October […] Read more
(Dave Bedard photo)
Livestock, Reuters

Cargill’s quarterly profit up on beef, egg demand

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Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more
U.S. President Donald Trump holds a bilateral meeting with Japan’s Prime Minister Shinzo Abe on the sidelines of the 74th session of the United Nations General Assembly in New York City on Sept. 25, 2019. (Photo: Reuters/Jonathan Ernst)
Livestock, Markets, Reuters

U.S., Japan sign limited trade deal

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New York | Reuters — U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal on Wednesday that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties. Trump said the deal would open up Japanese markets […] Read more
Dominic Barton. (Video screengrab from McKinsey.com)
Canola, Crops, Reuters

Industry groups hail appointment of new China envoy

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Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more
File photo of marbled Japanese beef on display at retail. (ES3N/iStock/Getty Images)
Livestock, Markets, Reuters

Japan set to grant TPP-level access for U.S. beef, pork

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Tokyo | Reuters — The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal in Washington […] 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

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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

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