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Klassen: Feeder cattle drop on cautious feedlot demand

Western Canadian feeder cattle markets traded $3 to as much as $8 below week-ago levels as feedlot managers anticipate growing beef supplies during the late spring and summer. Heavier weight categories absorbed the brunt of the selling pressure, with backgrounding operators liquidating fall-placed calves. Certain groups of higher-quality heifers held value with the purpose of […] Read more

Newfoundland expands Crown land base for farming

The Newfoundland and Labrador government plans to nearly double the amount of land available to the province’s farmers by allocating over 150,000 more acres of Crown land for development. The province’s Department of Fisheries, Forestry and Agrifoods announced Thursday it has identified 62 “agriculture areas of interest” totalling about 158,150 acres. The added Crown land […] Read more

U.S. livestock: CME live cattle rebound on cash, beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures halted a two-day slide on Friday, sparked by improved wholesale beef values and better-than-expected cash prices, said traders. They said buy stops and technical buying furthered live cattle market advances. CME livestock markets will be closed on Monday in observance of the Presidents Day holiday. […] Read more

cattleman on a horse

A sampler of ranchers’ views on 2017

As might be expected, their plans range from expansion to standing pat and retirement

Rebuilding and expanding herds, or staying about the same — that seems to be what western Canadian ranchers have in mind as they head into 2017. Despite a sharp downturn in the cattle markets in 2016, only one member of this Ranchers’ Panel was talking about downsizing, with retirement in mind. The 2016 fall market […] Read more

U.S. livestock: Cash price unease pressures CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday slipped for a second straight day, amid investor caution while waiting for remaining cash cattle to change hands by Friday, said traders. Short-covering and futures’ discounts to early-week cash returns provided downside market support, they said. February live cattle closed down 0.25 cent/lb. […] Read more

Canary seed market watches peso ahead of planting

CNS Canada — It’s not a stellar time for canary seed prices but the situation could improve, depending on acreage this spring and what the Mexico peso does in 2017. “Prices are not showing a whole lot of strength,” said Kevin Hursh, executive director of the Canaryseed Development Commission of Saskatchewan. “We’re probably in that […] Read more

U.S. livestock: CME live cattle, hogs slump on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday bowed to profit-taking, prompted by softer wholesale beef values and uncertainty about cash prices this week, traders said. Technical selling contributed to market losses, they noted. February live cattle closed 0.6 cent/lb. lower at 116.775 cents, and below the 10-day moving average of […] Read more

Dairy sector still working toward ingredients strategy

The Canadian dairy industry has missed a self-imposed deadline for the Feb. 1 implementation of a national ingredients strategy — but work continues toward that implementation. The strategy is meant to create a lower-priced class of milk, Class 7, to encourage the use of skim milk powder in further-processed ingredients. Ontario has already independently implemented […] Read more