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File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)
Beef cattle, Livestock, Markets

Argentina extends beef export cap, stoking farm tensions

Move seen as 'giving markets to other countries'

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Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid
Manitoba Beef Producers president Tyler Fulton speaks to media outside the Manitoba Legislature on Aug. 31, 2021, as Manitoba agriculture minister Ralph Eichler looks on.
Livestock, News

$155 million in feed, transportation and ongoing livestock aid announced

Plans for a herd rebuilding program are still in the works, province says

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Manitoba livestock producers will have access to financial aid for feed costs, feed transport and animal transport costs, provincial agriculture minister Ralph Eichler announced the morning of August 31. “This investment is among the highest in the AgriRecovery assistance of our livestock and forage sectors in Manitoba history,” Eichler said. For those who have or
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Stronger live cattle futures lift yearling market

Recent rains rejuvenate Prairie pastures

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Compared to last week, western Canadian yearling prices were quoted $3 to as much as $6 higher; calf markets once again traded $3-$5 on either side of unchanged depending on the region. Unbridled buying interest was noted on larger groups of high-quality yearlings. Despite the grass conditions this summer, cattle characteristics are rated above average
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle follow boxed beef lower

Feeder cattle mostly firmer, hogs lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for
CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and lean hog cash index (blue line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs rise, narrowing discount to cash market

Technical selling drags on live cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Friday, led by the nearby October contract, in a technical and bargain-buying rally that narrowed the market’s sizeable discount to the exchange’s lean hog index, traders said. Actively traded October futures scaled to a 3-1/2 week peak and closed near its session high,
Room for optimism seen in southwest
Livestock Markets, Markets

Room for optimism seen in southwest

Rainfall has taken some of the urgent edge off sales in the region

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Drought has been the major story for Manitoba cattle producers this summer, but the effects have varied depending on the region. While the Interlake and parts of eastern Manitoba have been hit the hardest by the hot and dry conditions, southwestern Manitoba has received much more precipitation, creating a less desperate situation for cattle sales.
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (red, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures fall on lower cash cattle

Hogs down on supply expectations

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third day on Thursday, as the softer cash market in the southern U.S. Plains weighed on futures, traders said. “This cash just continues to struggle,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “We’ve just got that anchor in
File photo of a platter of sliced raw beef served in Singapore for use in shabu-shabu, a Japanese-style hotpot dish. (Kenneth Chew/iStock/Getty Images)
Beef cattle, Livestock

Singapore clears all Canadian beef for import

Country first to lift BSE-era restrictions under new status

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Canada’s new official international status as a “negligible risk” country for bovine spongiform encephalopathy now has its first recognition from a beef-importing nation. Singapore has approved the Canadian Food Inspection Agency’s certificate for exports of all Canadian beef, including beef offal, with no restrictions on the age of the cattle from which the beef was
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures ease as beef prices cool

Lean hog index still at premium to futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday, as beef prices eased ahead of the Labour Day holiday, traditionally a big beef consumption holiday, traders said. “We’re getting into that lull period ahead of the Labour Day holiday, where the retailers have already got their product purchased from the packers,”

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