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Beef cattle

“We’ve always been dealing with a certain group down there that want to push mandatory country of origin labelling.” – Dennis Laycraft, Canadian Cattle Association.
Livestock, News

U.S. COOL proposal unlikely to affect Canadian beef

Tabled legislation would see processors fined per pound of improperly marked meat

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Proposed American legislation could see distributors fined for meat that is improperly labelled as “Made in the USA,” but industry experts north of the border say it is unlikely to pass muster. The bill would set out processor fines of $5,000 per pound of beef that doesn’t meet label standards. Why it matters: A proposed
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market shrugs off lower barley production

Barley exports, domestic demand expected to be reduced

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. Prices for calves were also unchanged from average values seven days earlier. Calf markets are becoming more defined as volumes increase. There also appeared to be larger volume of high-quality yearlings available, which was a surprise. The drought hasn’t significantly
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle ease on softer cash markets

Trade watching for increased demand for hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Friday, ending the week slightly lower as cash trade eased, though the cattle market continues to trade mostly sideways, analysts said. “The market’s basically saying — we’ve got stable trade right now for a couple months,” said Rich Nelson, chief strategist at Allendale
Livestock, News

Activists pressure against JBS listing

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A coalition of environmental groups is pushing U.S. securities regulators to thwart JBS SA’s New York share listing over concerns about the meatpacker’s impact on deforestation, climate change and other issues.  The Brazilian company, the world’s largest meat processor, hopes a U.S. listing will attract a broader investor base to give it more access to

Daily market update

ICE canola: Old, new crop prices diverge CBOT grains: Wheat down, corn, soybeans mostly higher Livestock: Access livestock futures prices at the Western Producer’s market desk Cash grains /Global markets/Loonie
CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle up ahead of long weekend

Lean hogs follow cash hog index lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ticked upward Thursday, while packers backed off of buying ahead of the Labour Day holiday week that will limit slaughter, analysts said. “There was some light trade today, slightly lower than last week,” said Doug Houghton, technical analyst at Brock Capital Management. “I don’t know
“…we will continue to work closely with provinces to get producers the additional support they need as quickly as possible.” – Lawrence MacAulay, Agriculture and Agri-Food Minister.
Livestock, News

Nineteen municipalities named for livestock tax deferral

Agriculture and Agri-Food Canada announced the initial list of areas eligible for the 2023 tax break Aug. 21

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Western Canada’s continued drought issues this year led the federal government to jumpstart identification of areas where producers can get in on the livestock tax deferral provision — including a chunk of south-central Manitoba. Why it matters: Much of central Manitoba had less than 60 per cent of normal rainfall for the growing season as
As most auctions reopen, cattle industry’s future looks grim
Livestock Markets, Markets

As most auctions reopen, cattle industry’s future looks grim

The start of Manitoba’s fall run will now depend on the weather

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All but one of Manitoba’s eight cattle auctions were open during the week of Aug. 18-24, with Winnipeg Livestock Sales set to go ahead on Aug. 25. Gladstone Auction Mart and Ashern Auction Mart were back in business this week, with small numbers of cattle coming in, according to one of their auctioneers, Tyler Slawinski.
CME October 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs climb as traders eye seasonal supply shifts

Cattle futures down ahead of long weekend

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Wednesday, finding support as traders gauged pork demand and watched for signs of a seasonal influx of market-ready hogs. “We still have an index that’s higher than the October. It usually doesn’t close the gap until we get into September a week or
Durum plants on Aug. 28, 2023 near Acadia Valley, Alta., about 160 km north of Medicine Hat, stand shorter with fewer kernels than normal due to dry conditions. (Photo courtesy Darold Niwa/Handout via Reuters)
Weather

Prairie Forecast: Mostly sunny and warm

Issued Aug. 30, covering Aug. 30 to Sept. 6

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It’s a straightforward forecast for this period as the general weather pattern looks to be pretty quiet. It starts with a large area of high pressure centred over the Great Lakes with a weak area of low pressure over Alberta. The Great Lakes high will put sunny skies and warm temperatures over much of Manitoba

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