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Screenshot of the Gulf Livestock 1 from the website of Dubai-based shipping company Gulf Navigation. (GulfNav.com)
Livestock, Reuters, Weather

More than 40 crew missing after cattle ship capsizes in storm off Japan

Rescued crew member says engine failed, wave capsized ship

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CORRECTED/UPDATED, Sept. 3 — Tokyo/Wellington | Reuters — More than 40 crew members were missing after a ship carrying cattle from New Zealand to China capsized in stormy weather in the East China Sea, the Japanese coast guard said Thursday. A lone crew member from the Gulf Livestock 1 had been rescued so far. Three […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle touch late-July lows on demand jitters

U.S. pork export data due out Thursday

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday dropped to their lowest prices since July amid uncertainty about how much U.S. demand will decline as the summer grilling season draws to a close. Beef and cattle prices are often weak this time of year as demand weakens. This year, closures of […] Read more
The Chop Burger is the first menu item from a full-service restaurant to receive the Canadian Roundtable for Sustainable Beef (CRSB) Certified Mark. (CNW Group/Chop Steakhouse + Bar)
Beef Cattle, Livestock

Beef sustainability: Playing the long game

Many in the beef supply chain are banking on strengthening demand for certified sustainable beef, through the pandemic and beyond

By
One of the side effects of the current COVID-19 pandemic is that Canadians have begun to look at the world through a different lens. Priorities have shifted and lifestyles have been altered. Everyone from producers, to small businesses, to global agribusinesses are adjusting to a new-look marketplace. It’s meant a course correction for some organizations, […] Read more
CME October 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle consolidate up off one-month low

CME hogs up as trade watches China

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose for a second consecutive session as the market consolidated after touching a one-month low on Monday, brokers said. Weakness in the cash market for U.S. cattle has hung over futures prices recently, but some traders said they hope the markets will not […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

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Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures snap losing streak

Large supplies pressure CME hog futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures jumped on Monday in a rebound off a run of losses, while lean hog futures closed weaker. Live cattle were due for a rebound after falling last week amid pressure from weakness in the cash market, traders said. Short covering helped lift prices, they said. […] Read more
(Shadowinternet/E+/Getty Images)
Hogs, Livestock, Markets, Reuters

Hog farmers face prolonged pain as pandemic gives way to glut

Canadian Pork Council takes new tack on AgriStability reform

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Winnipeg | Reuters — North America’s hog farmers face prolonged pain beyond the COVID-19 pandemic that has interrupted packing plants , as a pig glut in the U.S. holds prices low and pressures producers to downsize. Many North American hogs had nowhere to go in spring as slaughter plants suspended production due to workers becoming […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures down again

CME lean hog futures also weaker

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened on Friday in anticipation of a seasonal demand slowdown following the Labour Day holiday, traders said. The losses in the futures market stemmed from weekly declines in the cash markets. CME benchmark October live cattle fell 1.25 cents to close at 104.9 cents/lb., […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures extend losing streak

Hog futures edge higher

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Chicago | Reuters — Chicago Mercantile Exchange cattle dropped for the sixth day in a row on Thursday, with weakness in the cash market that stemmed from a glut of supplies spilling over into futures prices, traders said. Traders shrugged off signs of rising demand from China, which made its largest weekly U.S. beef purchases […] Read more

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