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

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

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Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended
Manitoba no closer to new beef-processing capacity
Livestock, News

Manitoba no closer to new beef-processing capacity

The industry has long desired more slaughter and processing capacity here at home, but despite decades of hoping, nothing is on the horizon

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It’s an intermittent thorn in the side for Manitoba beef producers. Lack of local processing capacity is a popular topic among the sector, one that has cropped up time and time again for decades, and one that gains particular traction when, like now, the market turns sour. Why it matters: Processing issues out of Alberta
Editorial, Op/Ed

Editorial: Meat packing concentration leads to problems

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When Canadians flocked to their grocery stores to stock up for the pandemic lockdown, most weren’t filling their carts with plant-based proteins. It was the meat counters that cleared out along with the toilet paper shelves, baking ingredients, and with other basics considered necessities. While more Canadians have been experimenting with these plant-based proteins, most
Certified beef cattle are pictured on May 13, 2020 at Rancho Estrada in the town of San Agustin, on the outskirts of Ciudad Juarez, Mexico. (Photo: Reuters/Jose Luis Gonzalez)
Beef cattle, Livestock, Markets

More Mexican beef headed to U.S. dinner tables as supply crunch bites

"I think we're going to leap past Canada this year"

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Mexico City/Chicago | Reuters — More Mexican steaks and other beef cuts are headed north of the border after the coronavirus outbreak has hobbled U.S. meat processing plants, potentially offsetting fears of shortages affecting businesses from fast-food chains to grocery stores but angering U.S. ranchers. The Mexican industry chalks up the export growth to new
A file photo of cattle mustering in Australia’s Outback. (Hypedesk/iStock/Getty Images)
Markets

Australia requests China trade talks over beef, barley

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Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after
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

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