Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)

CUSMA pact to take effect July 1, USTR says

Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada […] Read more

CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Profit-taking, technical selling pressure hogs, live cattle

Chicago | Reuters — U.S. hog and live cattle futures eased on Friday, with end-of-week profit-taking and technical selling pressuring the livestock markets, traders said. Strong consumer demand for pork underpinned the hog futures, which rose 17.4 per cent this week. “The pork product markets continue to scream higher and have begun to pull lean […] Read more


(Ag.calgarystampede.com)

Calgary Stampede cancelled for 2020

Province's limits on gatherings cover all major summer events

Alberta’s confirmation that its restrictions on gatherings include all annual summer events has led organizers of the Calgary Stampede to cancel the event for the first time in 97 years. “As a community celebration, the cancellation of our annual event comes with our community and public health and safety front of mind,” Stampede president Dana […] Read more




CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures firm

Cattle futures slip with stock sell-off

Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with the economy,” said Don Roose, […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Uncertainty defines feeder market

'Hope' factor remains supportive

Compared to last week, western Canadian yearling prices were down $3-`$5 on average while calves were unchanged to down $2. Sales were characterized by low volumes and limited buying interest. Feedlot operators are hesitant to step forward in the current environment, with packing plants on both sides of the border reducing capacity. At the same […] Read more

CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures rise on supply woes

CME cattle contracts ease

Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just […] Read more


CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle mixed on hopes of economic reopening

'We're producing too many pigs for our demand'

Chicago | Reuters — U.S. live and feeder cattle futures ended mixed on Friday, with nearby contracts pressured by coronavirus-related disruptions at packing plants, while hopes for a reopening of the economy lifted deferred contracts. Actively traded June live cattle ended higher on the week, for a second straight week, after seven consecutive weeks of […] Read more

Market uncertainty continues to drive live cattle futures lower.

Reduced shifts, closures see cash cattle prices sink

The Markets with Deb McMillin, from the May 2020 issue of Canadian Cattlemen

Fed cattle Fed cattle cash prices in recent weeks have moved sharply lower as uncertainty in the market continues to drive live cattle futures lower. Reduced packing plant shifts and temporary closures across North America in recent weeks have pressured the market. Disruptions to consumers’ lives and livelihoods have shifted consumer spending. Product demand at […] Read more