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CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures touch one-month low

Improving production pressures hog futures

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Chicago | Reuters — U.S. live cattle futures dropped to their lowest price in more than a month on Friday, weighed down by expectations for increasing meat production. Beef output has improved as slaughterhouses have resumed operations after closing temporarily in April and May due to outbreaks of the new coronavirus among plant workers. The
Cattle prices improve prior to summer shutdowns
Livestock Markets, Markets

Cattle prices improve prior to summer shutdowns

Overall cattle traffic at auctions was down by almost two-thirds

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Just as the spring run in the Manitoba cattle auctions comes to an end, prices gained a little ground for the week of May 29 to June 4. Keith Cleaver of Heartland at Brandon said increased demand provided support for prices, while Harold Unrau of Grunthal Auction Mart added that “a lack of product” also helped. With several auctions closed this
CME July 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Lean hog futures down on large supplies

CME August cattle also close lower

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Chicago | Reuters — U.S. lean hog futures extended a decline on Thursday under pressure from large supplies and rebounding pork production, analysts said. Traders expect meat packers to have ample hogs to slaughter after livestock backed up on farms when processing plants temporarily closed in April and May because of COVID-19 outbreaks among meatpacking
Livestock price insurance a hard sell
Livestock, News

Livestock price insurance a hard sell

Producers say it’s too expensive, too complex and lacks the supports seen in the crops sector

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Despite current market uncertainty, cattle producers remain reluctant to buy price insurance. About 10 per cent of calves in Manitoba are insured annually under the Western Livestock Price Insurance Program (WLPIP), said David Van Deynze, vice-president of innovation and product support with MASC. By comparison, about 90 per cent of annual crop acres are insured. WLPIP began in Alberta in 2009 and came to
CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

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Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks
Livestock insurance premiums have since come down, though not to pre-COVID levels.
Livestock, News

WLPIP premiums won’t be subsidized, says ag-minister Pedersen

Deadline for producers to buy policies extended by three weeks

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The province will not subsidize price insurance premiums for beef producers ag minister Blaine Pedersen has said. Western Livestock Price Insurance (WLPIP) premiums have come down since Manitoba Beef Producers asked the province for help, Pedersen added. “Premiums change every week, and that’s something that producers need to keep on,” Pedersen told the Co-operator on
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Livestock

Elanco gets EU’s conditional antitrust OK for Bayer deal

Approval calls for sale of Vecoxan brand, among others

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Reuters/Staff — Elanco Animal Health secured antitrust clearance on Monday from the European Union to buy Bayer’s veterinary drugs unit, after pledging to sell some products to address competition concerns about the US$7.6 billion deal. The European Commission said the companies will sell either Elanco or Bayer’s products or those in the pipeline, including licenses,
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

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Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated

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