packers Archives - Page 3 of 5

As meat demand rises, processors raise pay for farmers, workers

By Tom Polansek, GFM Network News March 24, 2020

Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more

Livestock

Meat packing sector needs federal inspectors

Shared staff, recalling recent retirees among options on table

By GFM Network News March 24, 2020

The federal government is working on ways it can maintain inspection staffing levels at federally-licensed meat packing plants. Speaking to media Saturday in Ottawa, Agriculture Minister Marie-Claude Bibeau addressed concerns surrounding the ability of the Canadian Food Inspection Agency (CFIA) to continue meat inspection work. The Reuters news service on Monday quoted two unnamed sources […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market digesting lower beef demand

By Jerry Klassen, GFM Network News March 17, 2020

Compared to last week, western Canadian yearling prices were down $12-$18; mid-weight calves were down $10 to as much as $15 while calves under 550 lbs. were down $4-$8. The market is incorporating a risk discount due to uncertainty in beef demand for the second and third quarters of 2020. Feedlot margins are in negative […] Read more

Livestock, Markets, Reuters

U.S. under pressure to keep slaughterhouses open

By GFM Network News March 16, 2020

Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market absorbs double-edged sword

By Jerry Klassen, GFM Network News June 4, 2019

Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. The feed grains market is writing the story for the feeder market. August feeder cattle futures lost $10 this past week and U.S. cash feeder prices were also down US$4-$6 compared to seven days earlier. Ideas are that […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market continues to soften

By Jerry Klassen, GFM Network News May 13, 2019

Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle succumb to negative margins

By Jerry Klassen, GFM Network News February 12, 2019

Alberta fed cattle prices have dropped nearly $15 over the past three weeks. Feedlot margins are deep in red ink, with losses amounting to $200-250 per head. Compared to last week, yearlings and calves over 700 lbs. traded $3-$5 lower; calves under 700 lbs. were down $5-$8 with some feeder markets in Alberta dropping as […] Read more

Livestock, Markets, Reuters

U.S. livestock: CME hogs slip on weaker cash

By Mark Weinraub, GFM Network News January 12, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Friday, following softening cash hog prices, traders said. CME February hog futures settled down 1.425 cents at 62.65 cents/lb., halting a three-session advance (all figures US$). Traders noted that hogs in the top cash market of Iowa and southern Minnesota traded […] Read more

CME February 2019 live cattle with 20-day moving average. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: Cattle hit six-week high on technical buying

By Michael Hirtzer, GFM Network News December 12, 2018

Chicago | Reuters — U.S. live cattle futures rose sharply for the second straight session on Wednesday, reaching a six-week high, on technical buying and expectations that beef packers would pay higher prices for cattle this week, traders said. Cattle futures had declined earlier on Tuesday before turning higher and then surpassing the previous session’s […] Read more

CME August 2019 live cattle (red) and January 2019 feeder cattle (blue). (Barchart)

Finishers, Livestock, Markets

Klassen: Feeder market searching for direction

By Jerry Klassen, GFM Network News December 4, 2018

Western Canadian feeder cattle markets were quite variable from seven days earlier. Prices were unchanged in the eastern Prairie regions; however, Alberta markets traded $3 to as much as $7 below week-ago levels. Alberta and Saskatchewan feedlot inventories are running 16 per cent above year-ago levels, so there’s limited buying power available. Calves are fleshier […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

Tag Archives packers

As meat demand rises, processors raise pay for farmers, workers

Meat packing sector needs federal inspectors

Klassen: Feeder market digesting lower beef demand

U.S. under pressure to keep slaughterhouses open

Klassen: Feeder market absorbs double-edged sword

Klassen: Feeder market continues to soften

Klassen: Feeder cattle succumb to negative margins

U.S. livestock: CME hogs slip on weaker cash

U.S. livestock: Cattle hit six-week high on technical buying

Klassen: Feeder market searching for direction

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