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CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures recover

Cargill cuts more beef shifts, Smithfield shuts more pork plants

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Chicago | Reuters — U.S. cattle and hog futures advanced on Wednesday as the markets recovered slightly from recent losses that traders said had dropped prices too far below the cash markets. Futures prices have tumbled recently as major meat companies have shut slaughterhouses due to the spread of the new coronavirus among employees. The
Care should be taken when administering products with a balling gun or other oral administration techniques.
Livestock

Technique matters when administering oral products

Beef 911: There are several things to be aware of when using balling guns and oral technique

By
The use of balling guns or administration of other oral products is increasing in the cattle business, including for NSAIDs (nonsteroidal anti-inflammatory drugs). In the old days, a few antibiotics such as long-acting sulfa drugs were given as oral tablets or there were big aspirin pills. These are both actually still available today but seldom
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rise as traders hope slaughterhouses reopen soon

Hogs more sensitive to packer disruptions

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Chicago | Reuters — U.S. cattle futures rose Tuesday in a turnaround from recent losses, supported by a temporary easing of concerns over meat plants’ shutting due to cases of the COVID-19 coronavirus among workers, analysts said. Livestock markets have been fixated on shutdowns of meat plants because processing disruptions cause a backup in supplies
(iStock/Getty Images)
Livestock, Markets

U.S. livestock: June hogs, cattle plunge limit down

COVID-19 shuts more U.S. meat processors

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Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production,
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Cattle producers press for lower price insurance premiums

WLPIP is needed, but unused because premiums too expensive, CCA says

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The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall
(PerformanceLivestockAnalytics.com)
Beef cattle, Livestock

Zoetis buys livestock data management firm

Performance Beef platform to expand drugmaker's 'precision' production offering

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The producer of livestock drugs such as Draxxin, Bovatec and Excede is buying space in the “precision livestock farming” market with a deal for a U.S. livestock data management firm. New Jersey-based Zoetis, which makes drugs and vaccines for the beef and dairy cattle, equine, swine, poultry and sheep sectors as well as cats and
Broader cattle market volatility resonates at local level
Livestock Markets, Markets

Broader cattle market volatility resonates at local level

Meat supply lines are filling up again in the wake of pandemic panic buying

By
In addition to ongoing COVID-19 social distancing measures, a spring snowstorm also hampered some movement at Manitoba cattle auction yards during the first week of April. Prices were generally steady to higher compared to the previous week, although volatility in global markets was also being felt at a local level. “The cows are still calving,
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Futures slide as COVID-19 worries roil market

Concerns over meat processing pace drag on cattle, hogs

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Chicago | Reuters — U.S. livestock futures slumped again on Thursday, volatility roiling the market as it faced resistance over surging stocks and growing concerns that meat packers will close plants in the COVID-19 coronavirus pandemic. Lean hog future prices slipped for a second session on concerns about the domestic glut of hog supplies and
(USDA.gov via Flickr)
Beef cattle, Livestock, Markets

USDA to probe surging beef prices versus falling cattle prices

Tyson says will co-operate with department's investigation

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Chicago | Reuters — The U.S. Agriculture Department will investigate why a surge in beef prices because of coronavirus-related hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies such as Tyson Foods and Cargill that dominate
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Bargain-buying investors rally cattle futures, again

CME June lean hogs down on day

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Chicago | Reuters — U.S. cattle futures surged for a second straight session on Wednesday, as investors kept snapping up deep discounts in futures prices, traders said. Lean hog future prices slipped, as concern continued to mount over a glut of domestic pork supplies and uncertainty on how quickly the U.S. sow herd is shrinking.

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