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(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
Heavyweight cattle prices pressured by lack of demand
Livestock Markets, Markets

Heavyweight cattle prices pressured by lack of demand

Plant closures are adding to the usual seasonal lull expected for this time of year

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Cattle volumes at auctions across Manitoba are starting to dwindle, which is typical for this time of year. “Numbers are down everywhere,” said Rick Wright of Heartland Order Buying Co., remarking that some auctions had already switched to their summer schedule of holding auctions every two weeks. Prices for feeder cattle below 750 pounds have held steady, but
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

WLPIP calf price insurance deadline extended

Three-week extension includes nine purchasing days

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Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from
(File photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Saskatchewan to adjust WLPIP premiums for producers

Province also opts in to fund AgriRecovery set-aside plan

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The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced
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
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hog futures dip after belly prices dive

Cattle down on ideas of beef prices peaking

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Chicago | Reuters — U.S. lean hog futures fell on Wednesday on technical selling and signs that wholesale pork prices may have peaked after a massive run-up due to closings at meat-packing plants as COVID-19 sickened workers, traders said. The U.S. pork cutout value fell on Tuesday afternoon by nearly $9/cwt, to $112.82, with pork
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 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
Pastures are stressed after two dry years, and another slow, cool spring, leading to worries there could be another conception wreck this season.
Livestock, News

Cow conception concerns return with cold start to spring

Manitoba might be in for a repeat of last year’s high open rates, given tight feed and another slow start

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Livestock experts worry that history might be repeating itself when it comes to nutrition and the upcoming breeding season. Last spring, veterinarians and provincial livestock extension staff raised the alarm over open cow rates. Short feed in 2018 had been compounded by a brutally cold winter in early 2019, as well as cold temperatures in
Auction activity holds up well during pandemic
Livestock Markets, Markets

Auction activity holds up well during pandemic

Cargill resuming operations at High River is seen as supportive

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As Manitoba cattle auctions continued to deal with restrictions placed on them due to the COVID-19 pandemic, Pipestone Livestock Sales has held up quite well, according to auctioneer Brock Taylor. “It’s been pretty good out in this area. We have a pretty good set of buyers and they let you know when they’re coming,” he said. With the pandemic, cattle

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