Scientists in Scotland are investigating ways to cut the amount of methane emitted by cattle, paving the way for the breeding of low-emission livestock. Matthew Stock reports for Reuters.
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $6 lower. Alberta feeder cattle prices appeared to move in line with major U.S. markets, which were also down $3-$5 from week-ago levels; however, minimal slippage was noted in eastern Saskatchewan and Manitoba. Weakness in deferred live and feeder cattle […] Read more
Chicago | Reuters — Chicago Mercantile Exchange lean hogs drifted to a three-month bottom on Monday, in response to lower cash and wholesale pork prices, said traders. Sell stops and deferred-month future’s premiums to CME’s hog index for Dec. 7 at 65.48 cents further weighed on contracts. December hogs, which will expire on Dec. 14, […] Read more
Sao Paulo | Reuters — Brazil’s federal police are serving 14 search warrants on Monday in connection with a bribery probe implicating meatpacker JBS SA and tax authorities, they said in a statement. The raids are based on plea bargain testimony by JBS executives who suggested that 160 million reais (C$62 million) in bribes were […] Read more
I was trying to think of a word to sum up 2017, and the best I could come up with was volatile. We came into 2017 bloodied by a fall slump in prices but seem to be going out on a rising tide. Fat cattle and calf prices have been on the rise since September, […] Read more
Chicago | Reuters –– Chicago Mercantile Exchange February live cattle futures fell on Friday for a seventh straight session on technical selling including fund long liquidation and uncertainty about near-term beef demand, traders said. “We have a lot of protein around right now. We have a few holidays later this month to move some of […] Read more
Saskatchewan’s provincial disaster assistance program (PDAP) will be opened up to cover southwestern grazing areas damaged by this fall’s wildfires. The province’s government relations minister, Larry Doke, on Wednesday announced producers who incurred wildfire damage on “tame and native lands” intended for grazing may now apply for assistance to get feed for affected livestock. Winds […] Read more
Chicago | Reuters — Chicago Mercantile Exchange February live cattle futures fell Thursday for a sixth straight session, pressured by fund-driven long liquidation, falling cash cattle prices and softening wholesale beef demand, traders said. “Fund liquidation continues be a factor in the meat complex, although lower product prices are adding justification for the selling at […] Read more
The negative impacts of ergot contamination in food were recognized as early as the fifth century AD. Ergot, a plant parasite, commonly affects rye grass, but wheat, rye, barley, oats, brome, fescue, blue, timothy, western and intermediate wheatgrass and other grasses can also be infected. Environmental conditions associated with a cool wet spring followed by […] Read more
Sao Paulo | Reuters — Brazilian meatpacker JBS SA said listing a subsidiary in the U.S. remained a priority, even as two controlling shareholders in the company remain in jail for insider trading and their role in a corruption scandal. The long-planned initial public offering of its processed food subsidiary JBS Foods International BV was […] Read more