Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more
U.S. livestock: Hog futures rise to highest since late October; cattle firms
U.S. grains: Soybeans gain as South American supply falters
Chicago | Reuters – Chicago soybeans continued to rally on Wednesday as an Argentine labor strike slowed exports, even as rain moving into the country relieved some concern over drought. Wheat and corn followed soybeans, supported by Argentina’s export woes and concerns over prolonged dryness for developing South American crops. The most active soybean futures […] Read more
Canadian canola crush running strong
Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush […] Read more
Cargill to reopen Guelph beef plant after coronavirus outbreak
Reuters – Cargill Inc plans to begin reopening its Guelph, Ont., beef processing plant next week on Dec. 29, days after it closed the facility due to an outbreak of COVID-19 infections among workers, the company said. Last week, Cargill voluntarily agreed to the temporarily closure as 82 workers tested positive for the virus and […] Read more
Would you eat a poutine in a pie this holiday season?
The Conversation – I recently saw a culinary invention that made me think about “tourtine.” The dish, as its name suggests, is a hybrid of tourtière and poutine. Poutine cheese curds and sauce are added to the tourtière’s pie filling, along with festive ingredients such as shredded meat and the inevitable foie gras. The tourtine […] Read more
U.S. livestock: Cattle futures drop on fund selling
Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more
U.S. grains: Soybeans end higher for direction amid Argentine supply woes
Chicago | Reuters – U.S. soybean futures ended higher on Tuesday after trading both sides of even as the markets weighed South American rainfall against the ongoing labor strike disrupting Argentine exports, while traders took profits ahead of the U.S. holiday break. U.S. wheat futures also benefited from the cargo backups in Argentina, and corn […] Read more
Court approves Morris Industries’ sale to Rite Way
Yorkton plant, not included in deal, to close
Seeding equipment manufacturer Morris Industries has been approved for sale to another Saskatchewan manufacturer — minus its Yorkton manufacturing plant, which is not part of the sale and is now expected to close by year’s end. Judge Shawn Smith of Court of Queen’s Bench in Saskatoon on Friday approved the sale of Morris to a […] Read more
Klassen: Fed cattle prices supporting calf market
Alberta packers were buying fed cattle in the range of $139 to $140 last week, up $1 to $2 from seven days earlier. Strength in the nearby fed cattle market along with the recent rally in the live cattle futures has been supportive for calves under 600 pounds. Compared to last week, Western Canadian yearling […] Read more
Ontario’s beef set-aside AgriRecovery plan underway
Applications for first intake due Dec. 22
A set-aside program has formally been launched to help Ontario’s 6,800-odd cattle producers maintain market-ready animals while Eastern Canada’s biggest beef slaughter plant remains closed. Federal and provincial officials on Monday announced applications are now open for the Canada-Ontario COVID-19 AgriRecovery Beef Emergency Feed Maintenance Initiative, with applications for the first intake period due by […] Read more
Canadian Cattlemen Presents: Depth of Field
