U.S. livestock: Live cattle futures firm

U.S. livestock: Live cattle futures firm

Chicago | Reuters — Chicago Mercantile Exchange live cattle rose slightly on Friday, rebounding from Thursday’s declines on some bargain buying. Hog futures were mostly higher after falling to their lowest since Aug. 9 on Thursday, providing an opportunity for some end-of-week short-covering. But feeder cattle contracts weakened to their lowest since Jan. 23, pressured

Demand and prices up beyond expectations at cattle sales

Demand and prices up beyond expectations at cattle sales

Wet weather is limiting cattle traffic to the U.S. Midwest

The cattle market in Manitoba has been busy since the start of the New Year, with prices surprising in some cases, according to a buyer. “We’ve seen since Christmastime a significant increase in the culled cow prices, the Canadian packers have upped their cow kill by quite a bit and demand was considerably stronger than


File photo of an oil pumpjack near Drumheller, Alta. (LaughingMango/E+/Getty Images)

Bankrupt oil firms must clean up inactive wells, Supreme Court rules

Ottawa/Winnipeg | Reuters — Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry. The 5-2 ruling means that the Alberta Energy Regulator (AER), which had appealed the earlier court decisions, can







Agriculture and Agri-Food Canada’s map of deferral-designated areas for the 2018 tax year as of Oct. 25, 2018. (Agr.gc.ca)

Unusual third assessment run for livestock tax deferrals

In an unusual move, Agriculture and Agri-Food Canada has undertaken a third assessment for the federal livestock tax deferral. “Federal officials are currently finalizing the analysis to identify whether any additional regions have met the criteria for the livestock tax deferral,” AAFC spokesperson James Watson said. Under the deferral plan, cattle producers affected by severe



U.S. livestock: Hogs mostly lower

U.S. livestock: Hogs mostly lower

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed mostly lower on Monday, with the market still technically weak despite four straight days of declines last week. The most-active April hog contract managed to close slightly higher on a mild bargain-buying bounce after hitting its lowest since mid-August. But most hog contracts were weaker.