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Australia’s Treasurer Scott Morrison, shown here earlier this year, has blocked the sale of S. Kidman’s farmland holdings to overseas bidders. (ScottMorrison.com.au)
Beef cattle, Livestock, Markets

Australia blocks foreign firm’s deal for largest farm owner

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Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are
Crops, News

U.S. crop insurance controversy worth watching

Whereas the Canadian system is delivered by government, U.S. farmers 
use a federally subsidized program delivered by the private sector

By
Strong opposition to a plan to slash crop insurance support in the United States is worth watching even though it highlights the difference between the American and Canadian systems. On October 28, the House of Representatives passed a bill that would have set the federal budget for the next two years, in other words until
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle finish strong after wild ride

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents/lb., up 0.35 cent, and February 0.925 cent higher at 130.575 cents
Crops such as corn and soybeans have been steadily heading north as weather conditions become more favourable.
Crops, News

Climate change could increase Canadian crop production

Climate change is already affecting what crops are grown in northern regions and more changes are on the way

By
Climate change is altering weather, raising sea levels and shrinking the Arctic, but that might be a good thing for Canada — at least from an agricultural production standpoint. “It looks like Canada is going to be one of the winners from climate change,” said Jason Clay of the World Wildlife Fund, speaking to industry
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle tumble limit down

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished Monday’s session down by their three cents/lb. daily price limit after late Friday’s cash prices fell short of expectations, traders and analysts said. Spot December finished at 127.675 cents/lb., and February at 129.65 cents (all figures US$). Live cattle’s trading limit will be expanded
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: Feedlots curb buying interest

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Despair is the price one pays for setting an impossible aim. Given the phone calls over the past week, producers have been expecting something the market cannot offer. Western Canadian feeder cattle prices were under severe pressure, with 700-plus-pound cattle down $8-$12 from seven days earlier; calves under 700 lbs. traded $4-$8 below week-ago levels.
(Manitoba Co-operator file photo by Laura Rance)
Crops, Weather

Warm Prairie soils delay fertilizing ban, winter weights

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Manitoba’s winter ban on nutrient application has been postponed, again, while Saskatchewan has postponed its move to winter weights on its highways, due to warmer-than-average soil temperatures. Manitoba’s water stewardship department announced Friday it will further extend its nutrient application window until midnight, Nov. 19. Variances to Manitoba’s winter fertilizing ban — which typically runs
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle, hogs continue gains for second day

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Chicago | Reuters — Livestock futures traders continued to hunt for cover on their short positions Thursday, resulting in Chicago Mercantile Exchange cattle futures climbing a second day after prices slid to contract lows earlier this week. The Chicago Mercantile Exchange saw live cattle and feeder cattle futures on Wednesday bounce back strongly from contract

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