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CME October 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures up on broad commodities rally

Lower-than-expected inflation data provides boost

By ,
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday, with the October contract hitting a life-of-contract high on brisk pork demand and broad strength in commodities on signs of decelerating U.S. inflation, traders said. Livestock and other commodities rose along with Wall Street equity markets as lower-than-expected U.S. inflation data drove […] Read more
File photo of soy-based milk alternatives. (SherSor/iStock/Getty Images)
Dairy Cattle, Livestock

Lactalis to shift from milk to near-milk at Sudbury

Facility to halt fluid milk processing, switch to plant-based product lines

By ,
The processor of the Beatrice and Lactantia milk brands plans to put its fluid milk processing plant in northern Ontario over to plant-based dairy substitutes. The Canadian arm of France’s Lactalis said Wednesday it will stop fluid milk processing and packaging at its plant at Sudbury effective Sept. 30 and convert that plant to a […] Read more
CME October 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures dip in technical, profit-taking pullback

CME hogs end day mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday in a technical-selling and profit-taking setback from 3-1/2 month highs posted in the prior session. Sharply lower feeder cattle futures amid higher corn feed costs put further pressure on live cattle contracts, as both livestock markets took a breather after scaling to […] Read more
(SwissChalet.com)
Livestock, Reuters

Fairfax proposes takeover of Recipe dining group

Chains include The Keg, Swiss Chalet, Harvey's

By ,
Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
(AgropurSolutions.ca)
Dairy Cattle, Livestock

Agropur cheese plant workers take deal, halt strike

Milk not taken at Granby, Que. plant for over five weeks

By ,
Milk delivery to a major cheese plant in Eastern Canada is expected to resume soon as unionized employees at dairy co-operative Agropur’s facility at Granby, Que. end a five-and-a-half-week strike. The plant’s 250-odd workers, represented by the Syndicat des salaries de la fromagerie — an arm of Centrale des syndicats democratiques (CSD) — have voted […] Read more
CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up with cash prices, tightening supplies

October lean hogs also gain on day

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to a 3-1/2 month peak on Monday, supported by firm cash market prices and tightening supplies. Falling corn feed prices supported feeder cattle futures, while lean hog contracts also gained and touched the highest level since June 2021. CME August live cattle futures peaked […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures firm

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Chicago | Reuters – Chicago Mercantile exchange live cattle futures firmed to their highest in more than three months on Friday, while hog futures edged back toward the 13-1/2-month high hit on Wednesday. CME August live cattle futures LCQ2 settled 0.175 cent higher at 137.875 cents per lb, with the front-month contract LCc1 hitting its highest since April 29 during the […] Read more
Photo: emholk/iStock/Getty Images
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock markets: Live cattle futures little changed after Wednesday high

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures eased slightly on Thursday, after rising to their highest in more than three months on Wednesday. CME August live cattle futures LCQ2 settled 0.2 cents lower at 137.7 cents per lb and most-active October LCV2 also ended slightly lower than Wednesday at 143.7 cents. September feeder cattle futures FCU2 were little […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Markets, News

Strong seasonal demand bodes well for cattle market

The Markets with Deb McMillin, from the August 2022 issue of Canadian Cattlemen

By
Fed cattle The fed cattle market held up through the summer, with recent weeks trading between $174.18/cwt and $175.32/cwt. Strong seasonal demand heading into barbeque season as well as restaurant and food service beef movement recovering to pre-pandemic levels have supported prices. At mid-July, the fed steer average in Western Canada was $175.06/cwt, an increase […] Read more

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