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News, Purely Purebred

‘Father of Charolais breed’ Rodney James passes 

Purely Purebred, news from the February 2023 issue of Canadian Cattlemen

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We were saddened to hear of the passing of F. Rodney James, 90, Okotoks, Alta., on December 2, 2022. Among other titles, James could have been tagged as “The Father of Charolais.”  James was one of the first breeders to import Charolais up from the United States in 1958, when he was only 26. He […] Read more
CME May 2023 feeder cattle (candlesticks) with 20-day moving average and CME March 2023 feeder cattle (brown O/H/L/C). (Barchart)
Finishers, Livestock, Markets

Klassen: Canadian feeder market rationing demand

Demand from Ontario remains aggressive

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Compared to last week, western Canadian yearling prices were up $4-$6 while calf markets traded $6 to as much as $10 above week-ago levels. May feeder cattle futures are trading at a $8 premium to the nearby March contract. The carrying charge in the futures market has encouraged buyers to step forward sooner rather than […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle near eight-year highs

Cash cattle markets firm up

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Chicago | Reuters — U.S. live cattle futures climbed to contract and multi-year highs on Monday on optimism about firming cash cattle prices and tightening U.S. cattle supplies. Most-active April live cattle futures on the Chicago Mercantile Exchange settled up 1.15 cents at 165.1 cents/lb. after recording a contract high at 165.25 cents. Front-month February […] Read more
Stefanie Beck (DND photo) and Dr. Harpreet Kochhar (Uoguelph.ca).
General

Feds appoint new deputy ag minister, CFIA chief

Eleven senior civil servants shuffled

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Canada’s government has lined up a new federal deputy minister for agriculture and a new president for the Canadian Food Inspection Agency, both to take office later this month. Prime Minister Justin Trudeau on Friday announced a shuffle in the top ranks of the public service involving 11 senior managers following four recent retirements. Associate […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm

CME hog futures hold steady

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Chicago | Reuters — U.S. live cattle futures edged higher on Friday, with low animal weights supporting prices that hit their highest in nearly eight years earlier this week. “It’s a trend that doesn’t get reversed quickly, and likely sets us up for lighter weights well into the spring,” brokerage StoneX wrote in a note […] Read more
Given the tighter fundamentals for the 2022-23 crop year, the barley market must encourage acreage this spring.
Feed markets, Market talk, Markets

Barley market overview

Market Update with Jerry Klassen: The barley market must encourage acreage this spring

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Cow-calf producers are wondering how changes in the feed grain complex will influence the feeder market. At the same time, feedlot operators are wondering if they should take coverage in the deferred positions. I thought this would be a good time to provide an overview of the barley market. Canadian barley fundamentals are snug and […] Read more
CME April 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures mixed, remain near highest since 2015

Chicago lean hogs end lower

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Chicago | Reuters — U.S. cattle futures were narrowly mixed on Thursday, consolidating around the near eight-year high hit earlier in the week. Limited supplies in the cash market underpinned futures prices. “The packers will have to bid up to get these animals,” said Dan Smith, senior risk manager at Top Third Ag Marketing. “The […] Read more
It’s worth thinking about what our governments and industry are doing to minimize the risk of a future outbreak of foot-and-mouth disease, given how widespread it remains globally.
Comment

Comment: A look back at foot-and-mouth in Canada

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Foot-and-mouth disease has been a nagging worry for many in our beef industry. The proposed Canadian vaccine bank is regularly on the agenda at industry conferences and the animal health committee meeting during the Canadian Cattle Association AGM (and will likely be again next month in Ottawa). The prospect of a foot-and-mouth outbreak in this […] Read more
Ag Minister Nate Horner speaks at the Harmony Beef plant at Balzac, Alta. on Feb. 7, 2023. (Government of Alberta video screengrab via YouTube)
General

Alberta plans new ag processing tax credit

Incentive to be introduced in 2023 budget

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Alberta has telegraphed plans for a new provincial tax credit in its upcoming budget to spur development in the ag processing sector. The province on Tuesday announced plans for what it calls the Alberta Agri-Processing Investment Tax Credit — a 12 per cent, “non-refundable” tax credit for corporations making capital investments in “value-added agri-processing” in […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures firm, tight supplies underpin

Hogs up off 13-month lows

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by tightening cattle supplies and strong cash trade that continue to push front-month futures to near eight-year highs. “The cash price outlook right now is very firm,” said Doug Houghton, technical analyst at Brock Capital Management. “The overall supply outlook is for […] Read more

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