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(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle markets experience volatility

Beef prices encourage slaughter pace

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Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied […] Read more
CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle bounce after eight-session skid

Lean hogs up on demand, cash prices

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Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday for the first time in nine sessions as brisk demand for beef and a rally in lean hog futures prompted a round of bargain-buying, traders said. Chicago Mercantile Exchange June live cattle settled up 0.6 cent at 119.2 cents/lb., and August feeder cattle […] Read more
Finance Minister Chrystia Freeland arrives to a news conference prior to delivering the budget in the House of Commons in Ottawa on April 19, 2021. (Photo: Reuters/Blair Gable)
General, Machinery, Weather

Federal budget to offer direct payments to farmers for carbon pricing

Other new 'green growth' funding also on deck

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The federal government’s 2021 budget offers up new spending to support farmers combatting climate change through targeted investments — and, in some cases, direct payments. Finance Minister Chrystia Freeland released the budget Monday, showing the majority of new spending will take place over three years and be largely focused on “green growth.” “Budget 2021 announces […] Read more
A beef-industry worker grades a carcass. Canada and the U.S. produce the highest-quality beef in the world and more than any other nation.
Markets, News, Prime cuts

North America’s high-quality beef

Prime Cuts with Steve Kay

By
The Canadian and U.S. beef industries have much in common. In fact, their markets for both cattle and beef are more highly integrated than anywhere else in the world. They have another thing in common that no other beef-producing country has. They produce the highest-quality beef in the world and more than any other nation.  […] Read more
Conservative Party leader Erin O’Toole speaks at Parliament Hill in Ottawa on Nov. 19, 2020. (File photo: Reuters/Blair Gable)
General, Machinery, Weather

Conservatives’ new climate plan puts price on carbon

New poll ranks carbon tax costs highest among farmers' springtime concerns

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Canada’s ag sector is expected to serve as a carbon sink, a renewable fuel source and a beneficiary in the federal Conservative Party’s new climate change plan — which now includes putting a price on carbon. Party leader Erin O’Toole announced the new plan Thursday — after a long campaign of vehemently opposing such policy. […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
General, Machinery, Weather

Agriculture, agrifood wish lists pile up ahead of long-delayed budget

Freeland's budget due out Monday afternoon

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Agriculture and agrifood sector stakeholders will learn Monday which of their requests make their way out of the pile and into a long-awaited federal budget. Federal Finance Minister Chrystia Freeland’s 2021 budget is scheduled to be released Monday in the House of Commons, at about 4 p.m. ET. Canadians didn’t get a 2020 budget: it […] Read more
CME August 2021 feeder cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs down on demand concerns

'We got a little bit ahead of ourselves'

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Chicago | Reuters — CME Group hog futures fell sharply for the second day in a row on Friday, with the most-active June contract sinking 2.9 per cent to its lowest since March 23. Cattle futures also were weaker, with the June live cattle contract notching its seventh straight losing session. The market was correcting […] Read more
(Assnat.qc.ca)
Livestock, Markets

Set-aside funded for Quebec hog, cattle, big game producers

Feds, province pledge $21.8 million AgriRecovery plan

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Farmers tending feeder hogs, fed cattle and big game animals such as elk, red deer, bison and wild boar in Quebec can expect $21.8 million in AgriRecovery to compensate for COVID-19’s drag on the province’s slaughter capacity. Federal Agriculture Minister Marie-Claude Bibeau and her Quebec counterpart Andre Lamontagne on Thursday announced their governments’ respective 60-40 […] Read more
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs limit-down on profit-taking

Cattle futures continue lower

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Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat […] Read more

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