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CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME futures slip after short, choppy trading day

Beef, pork packer margins in red Friday

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Chicago | Reuters — Cattle futures fell on a short, choppy day of trading on Friday, as technical trading had some contracts up earlier in the session even as corn prices firmed, traders said. CME lean hog futures also eased back. The Chicago-traded livestock markets closed early on Friday, and were closed on Thursday for […] Read more
CME February 2022 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs ease

Beef supply drawdown 'quite substantial' in October

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Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange fell on Wednesday during thin pre-Thanksgiving trade, though analysts said market fundamentals remains supportive. The Chicago Board of Trade (CBOT) will be closed on Thursday for the U.S. Thanksgiving holiday. Reductions in beef cold storage supplies last month should be supportive after the […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle, lean hogs ease

Cold storage adds versus year-earlier

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Chicago | Reuters — Live cattle futures at the Chicago Mercantile Exchange eased on Tuesday on softer holiday demand, after climbing to three-week highs a day prior due to tighter-than-expected cattle supplies, traders said. “With a short week, you won’t have to have as aggressive a cash trade to fill out the packer needs for […] Read more
(Baranozdemir/iStock/Getty Images)
Livestock

Ontario seeking new rules on scope of vet services

Changes also considered to veterinary sector oversight

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Updated Nov. 23 — Ontario’s government is considering new legislation to more clearly spell out who can provide what kinds of animal care in the province’s veterinary sector. The provincial ag ministry on Monday launched a round of public consultation on the Veterinarians Act, which governs licensing of veterinarians and accreditation of veterinary facilities in […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle top three-week high on supply worries

Lean hog futures up with slaughter pace

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Chicago | Reuters — Live cattle futures exceeded a three-week high at the Chicago Mercantile Exchange on Monday on worries about tightening U.S. supplies, while feeder cattle futures set a two-month high. Traders focused on a monthly U.S. Department of Agriculture report, issued after the market closed on Friday, that showed cattle placements into feedlots […] Read more
Wagyu beef on skewers at a Tokyo market. (Michal_Staniewski/iStock/Getty Images)
General, Markets

Feds pledge agriculture office for Indo-Pacific export support

Ottawa aims to tighten ties with region

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Updated Nov. 23 — Canada’s latest round of federal efforts to boost economic ties with the Indo-Pacific region will include its first dedicated agriculture and agri-food office in the region. Prime Minister Justin Trudeau’s tour through the region last week included a pledge of $31.8 million over five years for a regional agriculture office, to […] Read more
CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up on firm cash, speculative buying

February lean hogs end lower

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more
(Canyonos/iStock/Getty Images)
Hogs, Livestock, Markets

Olymel to exit lard business, shut plant

Packer's St. Hyacinthe facility to permanently close

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Pork and poultry packer Olymel is set to close the further processing plant it operates in its home town in Quebec as it exits the lard production business. The company, an arm of ag co-operative Sollio, announced Thursday it will close its St. Jacques Street plant at St. Hyacinthe, Que. effective Feb. 10, affecting 107 […] Read more
File photo of steam rising from the top of a grain dryer. (Diane Kuhl/iStock/Getty Images)
General, Machinery, Weather

New farm fuel carbon tax rule to return to Commons

Further carbon pricing exemptions clear ag committee, with sunset clause added

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A bill that would exempt more farm fuels from Canada’s federal carbon pricing scheme has cleared the Commons’ ag committee and returned to the House of Commons to seek a third and final vote. C-234, a private member’s bill sponsored by southwestern Ontario Conservative MP Ben Lobb, appeared before the Commons’ standing committee on agriculture […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up ahead of monthly USDA report

Lean hogs mostly up in technical trading

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday for a third straight session on steady to firmer cash cattle markets and position-squaring a day ahead of a monthly U.S. government feedlot report, analysts said. Most-active CME February live cattle futures settled up 1.15 cents at 155.4 […] Read more

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