beef Archives - Page 131 of 137

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

Beef Cattle, Reuters

Brazil’s JBS to resume slaughtering at six idle beef units next week

By Reuters, GFM Network News April 20, 2017

São Paulo/Reuters – The world’s largest meatpacker JBS SA will next week resume slaughtering at six out of 10 beef processing units after sending workers on temporary leave earlier this month, the company said in a statement on Thursday. Another four units will restart operations on May 2 after “reforms, operating adjustments and the modernization […] Read more

Cattleman’s Corner, Livestock, Markets

If you see a profit, take it

Markets have improved, but it likely won’t last

By Jerry Klassen April 14, 2017

Fed and feeder cattle have been percolating higher over the past month as the market moves through a period of seasonal low beef production. Restaurant traffic sharply improves in March and April, and retail beef movement also increases. Consumers generally start eating more once spring rolls around and this year, the health of the overall […] Read more

Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)

Beef Cattle, Livestock, Reuters

Beef makes the cut as Australia, China move to boost trade

By GFM Network News March 23, 2017

Sydney | Reuters — Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday. Li, the first sitting Chinese premier to visit Australia in 11 years, was welcomed to parliament in Canberra by Prime Minister Malcolm […] Read more

Livestock, Markets, Reuters

Brazil beef scandal leaves fewer options for global buyers

By GFM Network News March 20, 2017

Chicago | Reuters –– Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil’s meat sector because supply constraints and politics are already limiting trade flows, market analysts said Monday. China suspended imports of all meat products from Brazil, the world’s top beef exporter, as a […] Read more

Prairie forecast: Looks like summer weather

Bank of Canada head expresses concern about Trump’s Fed actions

Carney expects ‘constructive’ trade talks with China to deepen

GFM Network News