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(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.
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff

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Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows,
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Live cattle, feeders fall to contract lows on fund selling

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Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged to contract lows on Tuesday while lean hogs also extended recent losses, pulled down by ample supplies of animals for slaughter, and meat in storage. Expectations for lower cattle prices in cash markets also weighed. Live cattle and feeder cattle had declined by
Melinda German, general manager of the Manitoba Beef Producers, provided an update on Brandon’s research and demonstration farms at the Manitoba Feedlot School in Brandon last week.
Livestock

Manitoba Beef and Forage Inc. research projects have started

First-year projects include energy-dense forages, pasture species and rotational grazing practices

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It now has an official title — Manitoba Beef and Forage Inc. (MBFI) — and some of its first projects are underway. MBFI has four major partners — Manitoba Beef Producers (MBP), Ducks Unlimited, Manitoba Agriculture, Food and Rural Development (MAFRD) and Manitoba Forage and Grasslands Association (MFGA). They’ve joined to find answers on the
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Technical trading, holiday fears sour hog, cattle futures

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Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping
(Regis Lefebure photo courtesy ARS/USDA)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Lower cash prices again send CME hogs to six-year low

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Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts drifted to a six-year low for a second straight day on Friday as plentiful seasonal supplies pulled prices for market-ready (cash) hogs lower, traders said. Spot December finished 0.4 cent/lb. lower at 55 cents, and February ended down 0.3 cent at 58.3 cents. Cash hog
The Manitoba Farm Industry Board, which oversees the Manitoba Farm Land Protection Act discussed some of its concerns about loopholes and other pressures on the legislation at KAP’s General Council Oct. 29. Board chair Greg Perchaluk (l to r), vice-chair Bragi Simundsson and program specialist Judy Roeland.
News

Concerns expressed over loopholes in farmland ownership act

The Manitoba Farm Industry Board asks for feedback on how to 
strengthen legislation preventing foreigners from buying farmland

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Only Canadian citizens and permanent residents can own more than 40 acres of Manitoba farmland, but the board that oversees the Manitoba Farm Land Protection Act has concerns about loopholes and pressure from corporate investors. “The board has identified a number of issues out there… one being the purchase (of farmland) by investment groups and
Manitoba Farm Industry Board chair Greg Perchaluk wants to hear from the public on how to strengthen the Manitoba Farm Land Protection Act.
News

Farmers, not investors pushing up land price

Should Canadian-owned companies be allowed to speculate in Manitoba’s farmland market?

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Don’t blame pension funds for rising Manitoba farmland prices, blame expanding farms and low interest rates, says Gordon Daman, a land appraiser and president of Red River Group. “This has nothing to do with outside investors,” Daman told the Keystone Agricultural Producers’ (KAP) General Council here Oct. 29. “I can assure you that the Ontario

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