LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick

LIVESTOCK-US live cattle prices gain on futures’ discount to cash

* Feeder cattle follow CME live cattle higher * Hogs mixed, pork price drop stirs bear spreads By Theopolis Waters CHICAGO, May 28 (Reuters) - Chicago Mercantile Exchange live cattle rose modestly on Tuesday, aided by futures' discount to recent cash prices, traders and analysts said. CME live cattle also drew support from the uptick






U.S. cattle placements fall seventh straight month

Reuters / The number of cattle placed in U.S. feedlots in December fell for a seventh straight month, a government report showed Jan. 25, in a sign of high feed costs continuing to roil the industry after the worst drought in half a century. The decline was against trade expectations for the first monthly increase


Analyst says loonie to stay below par in short term

Recent softness in the Canadian dollar is expected to remain until the new year, according to a currency analyst with RBC Capital Markets. The loonie has slipped since the U.S. presidential election on Nov. 6, largely because fears Washington will go over the so-called “fiscal cliff,” said analyst George Davis. The fiscal cliff refers to

StatsCan report shows more canola, less wheat

Latest five-year agriculture census snapshot shows gross 
farm revenue up with expenses falling slightly

The numbers are out and they show canola is beating wheat, the cost of farming and farm incomes have improved marginally, and the provincial cattle herd is down by nearly a quarter. Canola area surpassed spring wheat area for the top spot among field crops, up 44.3 per cent to 3.3 million acres since the


CWB boosts wheat and malting barley initials

Prairie malting barley growers can expect to see an extra $51.90 per tonne in the next few weeks for their 2011-12 deliveries. The barley adjustment payment, expected to flow by direct deposit on Feb. 21 and by cheques in the mail starting Feb. 24, is on the list of increased initial payments effective Feb. 9,

U.S. cattle placements fall six per cent

Marketings are down two per cent Chicago / Reuters The number of cattle that flowed into feedlots in December fell six per cent, according to the Jan. 20 U.S. government cattle-on-feed data, a decline analysts had expected because of severe drought and high corn prices. Although the U.S. Department of Agriculture’s placement data came in