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File photo of Province House, home of the Prince Edward Island legislative assembly, in Charlottetown. (Benedek/iStock/Getty Images)

P.E.I. names new deputy ag minister

Gordon MacFadyen replaces Brian Matheson

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Prince Edward Island’s Premier Dennis King has named a new top bureaucrat for the province’s agriculture ministry and others, to manage a fresh round of post-election ministerial mandate letters. Gordon MacFadyen, most recently executive director of fiscal management and assistant secretary to Treasury Board with the provincial finance department, was announced Aug. 8 as deputy
CME October 2023 live cattle with 20-, 50- and 75-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: October live cattle futures lowest since July

October hogs up almost a cent

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Thursday, with the most-active contract hitting its lowest price since July, as the market continued to retreat from recent highs. Futures and cash prices have jumped this year after drought reduced the amount of pastures available for grazing and prompted U.S. cattle
Auction facts and stats from the year so far
Livestock Markets, Markets

Auction facts and stats from the year so far

The lack of seasonal movement in prices this year was unusual

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As some Manitoba cattle auction sites get set to begin the fall run in late August, producers might wonder if elevated prices throughout most of 2023 will carry into the latter months. Brenna Grant, executive director of Canfax, the marketing analysis division of the Canadian Cattle Association, said they should expect more of the same.
File photo of an Ontario cherry orchard. (UpdogDesigns/iStock/Getty Images)

Pilot plan to cut red tape for reliable TFW employers

Farm employers can apply starting next month

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Canada’s temporary foreign worker (TFW) program is set to give farms a head start in an express lane expected to cut the annual paperwork for that program’s most “trusted employers.” Federal Employment and Workforce Development Minister Randy Boissonault last week launched a three-year pilot meant to “help to address labour shortages and reduce the administrative
CME October 2023 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle set two-week low

Lean hogs touch June low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing the amount of pasture available
Vehicles leave Yellowknife on Aug. 16, 2023 on the only highway in or out of the city after a state of emergency was declared due to the proximity of wildfire. (Photo: Reuters/Pat Kane)
Weather

Prairie Forecast: Upper ridge to bring the heat

Issued Aug. 16, covering Aug. 16-23

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After going through a couple of weeks of tough forecasting, with little agreement among the weather models, this forecast period is looking a little more stable with the two main weather models for our region in basic agreement. We start off this forecast with a low over Manitoba that is quickly moving east. To the
CME October 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Technical selling extends setback in CME lean hogs

Live cattle futures generally sideways

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Chicago | Reuters — Chart-based selling drove Chicago Mercantile Exchange lean hog futures lower on Tuesday, brokers said, as the market extended a recent setback. Most-active October lean hog futures fell 0.95 cent, or 1.2 per cent, to settle at 78.2 cents/lb. and touched their lowest price since July 3 (all figures US$). The contract
(Geralyn Wichers file photo)
Livestock, Markets

Klassen: Feeder market consolidates

USDA report considered supportive for Q4 fed cattle

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. The steam appears to be coming off the market as larger volumes become available. Pastures have basically dried up in many areas of Western Canada, which has spurred on producer selling. The calf market was hard to define due to
Smoke rises from a wildfire near Wildwood, Alta., about 100 km west of Edmonton, on May 5, 2023. (Photo: Alberta Wildfire/Handout via Reuters)
Markets, Weather

Alberta farmers granted late AgriStability entry

Enrolment deadline now Sept. 29

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Any Alberta producers who were considering AgriStability — but only in hindsight — for the income stabilization plan’s 2023 program year now have until Sept. 29 to apply. Ottawa and the province announced Aug. 4 that they’ve reopened the jointly-funded program, as wildfires and/or “extremely dry” growing conditions have dragged on many Alberta producers’ work
JBS signage at Greeley, Colorado. (JBS.com.br)
Beef cattle, Livestock, Markets

JBS posts quarterly loss on tight U.S. beef margins

'Greater balance' forecasted for global chicken supply

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Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 million reais (C$73.8 million), the

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