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CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: June live cattle limit up on soaring beef prices

Large supplies of hogs, cattle still loom over futures

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Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, with nearby contracts rising the daily maximum, as surging wholesale beef prices and expectations U.S. beef and pork production would drop spurred speculative buying, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled up 4.5 cents, the expanded daily limit, at
File photo of a quality control check on fresh peppers in a Canadian vegetable packing plant. (Jeffbergen/E+Getty Images)
Markets, Other

Laid-off foreign workers may get conditional clearance for other jobs

Workers allowed to start new jobs while permits are processed

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Approved temporary foreign workers (TFWs) whose jobs disappeared before they could begin work in Canada this spring can now get much quicker approval to start at other workplaces, including farms, where the workers are needed. The federal government said Tuesday it will, effective “immediately,” temporarily waive its rule requiring a TFW to receive federal approval
Federal deputy agriculture minister Chris Forbes was one of the witnesses to appear via video conferencing at the Commons agriculture committee’s online meeting May 5. (Parl.gc.ca)
Livestock, Markets

Opposition MPs critique government’s COVID-19 response for ag sector

Pandemic puts ag committee meeting online

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Ottawa — Opposition MPs used the first meeting of the Commons standing committee on agriculture and agri-food since the start of the COVID-19 pandemic to critique the federal Liberals’ $252 million aid package for farmers and food processors. During the May 5 online meeting, Quebec MP Richard Lehoux, the Conservatives’ associate agriculture critic, charged the
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures lower on profit-taking

August, October cattle limit down; June hogs also down

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Chicago | Reuters — U.S. live cattle futures closed lower on Monday, with some contract months falling their daily three-cent limit on profit-taking amid signs the U.S. meat-packing sector was stepping up beef production, traders said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.975 cents at 92.675 cents/lb., after surging to a
[Dave Bedard file photo]
Livestock

Cargill to shut Montreal-area meat plant temporarily

Company says 64 workers tested positive for COVID-19

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Ottawa | Reuters — The Canadian arm of U.S. agribusiness Cargill said Sunday it would soon temporarily shut a Montreal-area case-ready meat plant after 64 workers tested positive for COVID-19. The plant is at Chambly, a South Shore suburb of Montreal, one of the worst hit cities in Canada. Cargill said it was winding down
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cash cattle, futures up on beef packer scrutiny

Profit-taking continues to drag on lean hogs

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Chicago | Reuters — U.S. live cattle futures rose on Friday along with cash prices as the federal government probed the beef market. The price of cattle in the cash market has rebounded since U.S. President Donald Trump on Wednesday said he had urged the federal Justice Department to look into allegations that the meatpacking
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: June cattle limit up on surging beef prices, meat shortages

Lean hogs down on profit-taking

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Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship
A closeup of a Hereford cow
News

Renewed calls for farm aid get louder

Canola Growers and KAP want Ottawa to up its contribution to AgriInvest

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Farm groups continue to push for aid in the wake of China reducing imports of Canadian canola seed and COVID-19. During regulator meetings of the Canola Working Group, which includes federal government officials, the Canadian Canola Growers Association (CCGA) has been asking for business risk management program (BRM) reforms, and a government-mandated increase in biofuel,

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