The province says there’s no evidence the first case of chronic wasting disease discovered in Manitoba is in any way linked to nearby farmed elk operations. In a media release announcing the case, officials said it was found near Lake of the Prairies as part of the province’s wildlife health surveillance program. It was in […] Read more
Chronic wasting disease discovered in Manitoba
Klassen: Feeder cattle market continues on downward trend
Compared to last week, Western Canadian yearling markets dropped $2 to $4 while calf prices sank $2 to as much as $6 on average. Rising feed grain prices set a negative tone. Adverse weather also contributed to lower bids, especially in the lighter weight categories. Most auction barns had feature calf sales this past week. […] Read more
U.S. livestock: CME feeder cattle futures slide to five-month low
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures hit a one-week low on Monday on bigger-than-expected U.S. supplies, while feeder cattle dropped to a five-month low, analysts said. Traders have been expecting cattle supplies to tighten but did not see signs of it in October, said Rich Nelson, chief strategist for agricultural commodities […] Read more
U.S. grains: CBOT wheat nears 9-year high, buoyed by strong demand
Chicago | Reuters – Chicago Board of Trade wheat futures rose to their highest prices in almost nine years on Monday amid a flurry of deals in the global export market. Spillover strength from the rally helped lift CBOT corn futures against the backdrop of tightening world wheat supplies, traders said. Saudi Arabia’s main state […] Read more
China to make protein for livestock from carbon monoxide
Beijing | Reuters – Chinese researchers say they have found a way to produce an animal feed protein from carbon monoxide in what is being hailed as a breakthrough that could help reduce the country’s reliance on huge volumes of imported soybeans. China is by far the world’s top buyer of soybeans, bringing in around […] Read more
U.S. livestock: Cattle futures fall; hog futures rise as traders look at cash prices
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell for the second day in a row on Friday, with traders saying that prices were still too high compared to cash market. High prices for corn and wheat that weighed on cattle producers’ profit margins added further pressure. But traders noted the opposite in […] Read more
U.S. grains: Corn, soy futures rise on harvest setbacks; wheat mixed
Chicago | Reuters – U.S. corn futures rose for the fourth day in a row on Friday, hitting a 2-1/2-month peak as harvest slowdowns across the Midwest left end users scrambling for supplies, traders said. “We are still trying to get high enough to entice some producer movement that is a little bit bigger,” said […] Read more
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more
Beef cattle producers ‘encouraged’ by new CPTPP applicants
U.K., China, Taiwan seek memberships; no additional dairy, feather access on table
With their exports on an upswing, the organization for Canada’s beef cattle producers says it’s “encouraged to see other countries’ interest” in joining the Trans-Pacific Partnership trade bloc. The Canadian Cattlemen’s Association on Oct. 18 noted the official applications to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from the United Kingdom, China and […] Read more
U.S. livestock: Cattle futures fall after three days of gains, hogs firm
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday, snapping three sessions of gains on some profit-taking, traders said. Fresh signs of strength in the cash cattle markets had already been priced in, a trader said, and sharply higher prices for grain raised concerns about increased feeding costs. Hog futures were […] Read more
Canadian Cattlemen Presents: Depth of Field
