U.S. livestock: CME live cattle futures finish mostly weak; hogs lower

Chicago/Reuters – Most Chicago Mercantile Exchange live cattle contracts ended weak on Thursday, after investors sold deferred months and bought August led by near-term bullish fundamentals, traders said. August closed up 0.300 cent per lb at 145.225 cents, October down 0.025 cent at 146.450 cents and December 0.150 cent lower at 148.125 cents. Market-ready, or […] Read More

The U.S. continues to put pressure on Canada regarding supply management, particularly around the country’s dairy industry.

Ritz optimistic for TPP

Canada says it has put offers on the TPP table, while the U.S. continues to disagree

Canada’s agriculture minister says Canada won’t negotiate in public when it comes to the Trans-Pacific Partnership (TPP), the proposed wide-ranging free trade agreement among a group of Pacific Rim countries. Responding to questions at an unrelated event in Winnipeg last week, Agriculture and Agri-Food Minister Gerry Ritz said Canada has put forward strong proposals regarding […] Read More

TPP — NZ wants dairy concessions from the U.S.

Lahaina, Hawaii, July 28 (Reuters) – The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand’s agricultural trade envoy said on Tuesday. Mike Petersen, a farmer who represents the interests of New Zealand agriculture, said the dairy part of the […] Read More

Abe Van Melle, technical manager of the Beef Centre of Excellence, is working on adding value to Canadian beef by exploring underutilized cuts. Here he’s working with rope meat, also known as hanging tender, which traditionally is ground into hamburger, but can be made into a roast or steaks.

VIDEO: Canada’s Beef Centre of Excellence building demand through emotional connections

The goal is building brand loyalty by demonstrating Canadian beef is best in class

The new Beef Centre of Excellence is pursuing mindshare, not merely market share, says Canada Beef president Rob Meijer. The centre promotes Canadian beef at home and abroad, and is experimenting with ways to add value through how it’s cut, displayed and cooked. “We need to change the paradigm to put (beef) producers and consumers […] Read More


U.S. livestock: Beef price turnaround rallies CME live cattle futures

Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts finished in positive territory on Tuesday for the first time in five sessions, fuelled by active short-covering following the recent wholesale beef price rise, traders and analysts said. August closed 2.025 cents per lb higher at 145.050 cents, and October 2.825 cents at 146.800 cents. The morning’s […] Read More


Cash a barrier for hedging hogs

Pork producers have received federal funding to find ways of making the futures market less risky

The Canadian Pork Council is exploring the possibility of using forward pricing programs as a risk management tool, but are concerned not all producers will have enough on-hand cash needed for hedging. “With hedging, you need to have cash for the calls and so on, security money,” explained council chairman and Manitoba producer Rick Bergmann. […] Read More


U.S. livestock: CME live cattle finish flat-lower after choppy session

Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts settled flat to moderately lower following an up-and-down day on Monday, after traders sold deferred contracts and bought August because of its discount to last week’s cash prices, traders and analysts said. Short-covering and the morning’s wholesale beef price uptick at times helped underpin the nearby trading […] Read More