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CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hog futures dip after belly prices dive

Cattle down on ideas of beef prices peaking

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Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: June live cattle limit up on soaring beef prices

Large supplies of hogs, cattle still loom over futures

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Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, with nearby contracts rising the daily maximum, as surging wholesale beef prices and expectations U.S. beef and pork production would drop spurred speculative buying, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled up 4.5 cents, the expanded daily limit, at
Crown land rents should be rolled back in light of the COVID-19 pandemic, the provincial opposition says.
Livestock, News

NDP calls for Crown land payment suspension following Cargill closure

The NDP is adding Crown land payments to its list of ag-related recommendations as the COVID-19 pandemic continues

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Manitoba’s NDP is pushing the provincial government to roll back Crown land rent increases due to the impact on the beef sector from COVID-19. The rent increases came last year as part of a list of changes to the Crown land allocation program. The province introduced a new rental formula, which tied rents to beef
Federal deputy agriculture minister Chris Forbes was one of the witnesses to appear via video conferencing at the Commons agriculture committee’s online meeting May 5. (Parl.gc.ca)
Livestock, Markets

Opposition MPs critique government’s COVID-19 response for ag sector

Pandemic puts ag committee meeting online

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Ottawa — Opposition MPs used the first meeting of the Commons standing committee on agriculture and agri-food since the start of the COVID-19 pandemic to critique the federal Liberals’ $252 million aid package for farmers and food processors. During the May 5 online meeting, Quebec MP Richard Lehoux, the Conservatives’ associate agriculture critic, charged the
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures lower on profit-taking

August, October cattle limit down; June hogs also down

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Chicago | Reuters — U.S. live cattle futures closed lower on Monday, with some contract months falling their daily three-cent limit on profit-taking amid signs the U.S. meat-packing sector was stepping up beef production, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.975 cents at 92.675 cents/lb., after surging to a
Pastures are stressed after two dry years, and another slow, cool spring, leading to worries there could be another conception wreck this season.
Livestock, News

Cow conception concerns return with cold start to spring

Manitoba might be in for a repeat of last year’s high open rates, given tight feed and another slow start

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Livestock experts worry that history might be repeating itself when it comes to nutrition and the upcoming breeding season. Last spring, veterinarians and provincial livestock extension staff raised the alarm over open cow rates. Short feed in 2018 had been compounded by a brutally cold winter in early 2019, as well as cold temperatures in
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cash cattle, futures up on beef packer scrutiny

Profit-taking continues to drag on lean hogs

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Chicago | Reuters — U.S. live cattle futures rose on Friday along with cash prices as the federal government probed the beef market. The price of cattle in the cash market has rebounded since U.S. President Donald Trump on Wednesday said he had urged the federal Justice Department to look into allegations that the meatpacking
Auction activity holds up well during pandemic
Livestock Markets, Markets

Auction activity holds up well during pandemic

Cargill resuming operations at High River is seen as supportive

By
As Manitoba cattle auctions continued to deal with restrictions placed on them due to the COVID-19 pandemic, Pipestone Livestock Sales has held up quite well, according to auctioneer Brock Taylor. “It’s been pretty good out in this area. We have a pretty good set of buyers and they let you know when they’re coming,” he said. With the pandemic, cattle
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: June cattle limit up on surging beef prices, meat shortages

Lean hogs down on profit-taking

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Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship

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