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File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)
Beef cattle, Livestock

Cargill beef plant workers to vote on new negotiated offer

High River workers otherwise headed for strike or lockout Monday

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Workers at Cargill’s major beef slaughter and packing plant in Alberta will vote this week on a new offer which it’s hoped will avert a strike or lockout, both due to start Monday. The new offer follows a “marathon” of negotiations Tuesday between Cargill representatives and the bargaining committee for United Food and Commercial Workers
CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat extends slide as Omicron worries mount

Corn, soybeans also slip on virus fears

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Chicago | Reuters — Chicago wheat prices fell to a nearly three-week low on Tuesday, as concerns that the spread of the Omicron coronavirus variant could slow the global economy drove investors to reduce risk exposure. The entire grains complex felt pressure early in the session, after Moderna’s CEO cautioned that COVID-19 shots were unlikely
CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle fall from highs as Omicron rattles markets

Chicago February lean hogs also lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market making seasonal lows

Surge of Canadian cattle exports expected

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Compared to last week, western Canadian feeder markets were down $2-$4 on average. Prices for feeder cattle in the eastern Prairie regions were relatively unchanged from seven days earlier; however, values in Alberta and western Saskatchewan were down $4 to as much as $8 in some cases. This variation made the market hard to define.
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle post new highs, retreat on profit-taking

Chicago lean hogs close mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat drops as U.S. dollar edges higher

Australia forecasts record wheat crop; corn, soy down on good South America weather

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Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board
(CBSA via YouTube)
Other

Canada shuts to seven African countries’ travelers

Latest COVID-19 variant spurs decision

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Ottawa | Reuters — Canada is closing its borders to foreign travelers who have recently been to seven southern African nations to help stop the spread of a newly identified variant of COVID-19, Health Minister Jean-Yves Duclos told reporters Friday. The European Union, the United States and Britain are among those tightening border controls as
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: New COVID variant scares markets

Soybeans, wheat drop; corn rebounds

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Chicago | Reuters — U.S. soybean futures fell Friday as news of a new COVID-19 variant discovered in South Africa sent oil and equities markets lower, with moves exaggerated by low trade volume across the grain and oilseed commodities. Chicago Board of Trade January soybeans lost 13-3/4 cents, at $12.52-3/4 a bushel, the contracts biggest
Human-to-deer and deer-to-deer transmission is believed to be driving the rapid spread of the disease within white-tailed deer populations.
Comment, Op/Ed, Other

Comment: White-tailed deer found to be huge reservoir of coronavirus infection

High number of variants suggests many human-deer interactions

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New research from the U.S. has shown that white-tailed deer are being infected with SARS-CoV-2, the virus that causes COVID-19 in humans. Antibodies were found in 40 per cent of deer that were tested from January to March 2021 across Michigan, Pennsylvania, Illinois and New York state. A second unpublished study has detected the virus
File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)
Beef cattle, Livestock

Cargill serves lockout notice on High River workers

Company 'willing to keep meeting' after offer rejected

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Updated — Whether in a strike or a lockout, workers at one of Canada’s biggest beef slaughter plants took another step toward the picket line this week by voting to reject the company’s latest contract offer. A vote conducted Tuesday and Wednesday by the United Food and Commercial Workers (UFCW) Local 401 went to the

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