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According to the Canadian Cattlemen’s Association, AgriStability does not work for its members.
Livestock, News

Set-aside funds snapped up

Cattle and pork producers tell MPs $100 million for program is not enough

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A federal committee was told the $50 million made available by Ottawa for a set-aside program in the beef industry has already been spent, according to the Canadian Cattlemen’s Association (CCA). Prime Minister Justin Trudeau announced up to $50 million in AgriRecovery funding was being earmarked to fund a COVID-19 set-aside program for cattle producers,
Demand returning to Manitoba cattle sales
Livestock Markets, Markets

Demand returning to Manitoba cattle sales

An increased pace in beef processing helped lift cash prices and futures

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Slaughter and feeder cattle prices in Manitoba have recovered slightly from prior lows caused by processing plant shutdowns due to COVID-19. “Between when they bottomed out two weeks ago and now, we’re probably seeing a spread of about 30 to 50 cents higher,” said Tyler Slawinski, an auctioneer for Ashern and Gladstone’s markets. Slawinski credited the uptick in
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle markets reflect mixed tone

U.S. corn offered into southern Alberta

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Compared to the previous week, western Canadian yearling prices were $2-$4 higher on average while calves traded unchanged to as much as $8 lower. Larger feedlot operations were actively bidding for 800-plus-lb. feeders across the Prairies due to the limited supply. Lower volumes were available this past week which was supportive for the market. Southern
Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)
Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

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A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent
CME August 2020 feeder cattle with 10-, 20- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures follow equities higher

August feeder cattle close limit-up

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Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated
Improved demand keeps cattle markets largely steady
Livestock Markets, Markets

Improved demand keeps cattle markets largely steady

Demand outstrips cattle supplies as the spring run comes to an end

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Despite some price increases for feeder cattle, markets were largely steady to higher this week, according to Rick Wright of Heartland Order Buying Co. Any gains, he said, were helped by packing plants in Ontario and Alberta taking in more livestock. “It stimulated some (price) activity on the bigger cattle.” Another supportive factor was that the spring run
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
U.S. Agriculture Secretary Sonny Perdue holds a U.S. flag-themed face mask while speaking about the U.S. food supply chain as President Donald Trump listens during a COVID-19 pandemic response event at the White House on May 19, 2020. (Photo: Reuters/Leah Millis)
Beef cattle, Livestock, Markets

President’s cattle call finds expected marks in U.S.

Trump suggests killing trade pacts with unnamed cattle-exporting nations

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U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

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Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to

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