beef Archives - Page 130 of 136

U.S. cattle placements spike in August

By Michael Hirtzer, GFM Network News September 22, 2017

Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more

Cattleman’s Corner, Markets

Sell calves early or hold them until spring

Market Update: Big U.S. calf crop will hit the market in November and December

By Jerry Klassen August 31, 2017

Alberta fed cattle prices were hovering in the range of $143 to $145 in mid-August. The market has been trending lower since the first week of May when the fed market reached up to $197. Despite the softer selling prices, feeding margins remain in positive territory. Break-even pen closeout values are near $135 for August; […] Read more

Beef Cattle, Dairy Cattle, Livestock, Reuters

China promotes livestock farming to digest corn stocks

By GFM Network News August 10, 2017

Beijing/China – China wants to turn its grain basket in the northeast into a national meat and dairy production base, said the agriculture ministry on Thursday, as part of a broader plan to create stronger demand for the region’s main crops. Heilongjiang, Jilin, Liaoning and Inner Mongolia account for around a quarter of China’s total […] Read more

Beef on display in a market in Japan. (File photo)

Beef Cattle, Reuters

Japan beef tariff hike threatens trade relations: Perdue

By GFM Network News July 28, 2017

Chicago / Reuters – Japan’s decision to hike tariffs on frozen beef imports from the United States could disrupt sales and harm trade relations between the two countries, U.S. Agriculture Secretary Sonny Perdue said on Friday. Japan will raise tariffs from August on imports of frozen beef, popular in beef bowl dishes, from the United […] Read more

Taste-testing during a Canadian Beef Advantage Seminar in Shanghai in 2013. (Canada Beef via YouTube)

Beef Cattle, Livestock, Markets, Reuters

U.S. finalizes talks to resume beef exports to China

By Reuters, GFM Network News June 12, 2017

Chicago | Reuters — Final details are in place to allow U.S. exporters to resume beef shipments to China, U.S. officials said on Monday, allowing companies to prepare for their first shipments in 14 years. After concluding talks with Beijing, the U.S. Department of Agriculture said U.S. producers must track the birthplace of cattle born […] Read more

Beef Cattle, Cattleman’s Corner, Markets

Cattle market endures volatility

Market Update: Beef oversupply will be an issue unless consumer spending picks up

By Jerry Klassen June 7, 2017

Alberta fed cattle prices reached up to the range of $195 to $197 during the first week of May due to tight market-ready supplies and adverse weather in the U.S. southern Plains. The futures market has been trading at a sharp discount to the cash trade throughout winter and spring, causing feedlots to be aggressive […] Read more

Livestock, Reuters

JBS scandal might reduce Brazil meat supplies, industry group says

By GFM Network News May 27, 2017

Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers […] Read more

Beef Cattle, Cattleman’s Corner, Markets

Consumer spending favours beef market

Market Update: Food prices have been down, so shoppers have more money for beef

By Jerry Klassen May 19, 2017

The fed and feeder cattle markets continue to hold value despite the year-over-year increase in beef production. Alberta packers were buying fed cattle in the range of $175 to $177 in late April. Wholesale beef prices have been surprisingly strong as beef demand continues to exceed expectations. Major economic indicators are fairly encouraging which should […] Read more

Beef Cattle, Livestock, Poultry/Eggs, Reuters

U.S., China agree to first trade steps under 100-day plan

By GFM Network News May 12, 2017

Washington | Reuters –– The U.S. and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade […] Read more

Finishers, Livestock, Reuters

Cargill to exit U.S. cattle feeding business

By GFM Network News April 26, 2017

Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more

U.S. livestock: Cattle markets mostly higher

U.S. grains: Chicago corn, soybeans and wheat firm ahead of crop estimate

Canola groups disappointed in Carney’s plan to help growers, biofuel

GFM Network News