
Tag Archives beef

Will the U.S. have enough beef?
Prime Cuts with Steve Kay
A valid question arises when considering the latest supply and demand dynamics for the U.S. beef industry. Will it have enough beef to supply an expected increase in exports to its major market, Japan, and to emerging market China? The U.S. has spent years developing export markets in virtually all corners of the globe, notably […] Read more

U.S. livestock: Lean hogs, cattle limit down on coronavirus fears
Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread […] Read more

China proposes new standards on hormone residues in beef
New standards would apply to all beef exporters
Beijing | Reuters — China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step toward opening up its market to imports of the meat from the U.S. China has previously had zero tolerance for any residues of growth hormones, which has restricted the […] Read more

U.S. livestock: Cattle futures sag as virus woes fuel recession fears
Bearish market sentiment also drags on hogs
Chicago | Reuters — U.S. live cattle futures fell on Wednesday, with several deferred months setting contract lows as fears of a global recession sent global equity markets tumbling and fueled uncertainty about consumer demand for beef, traders said. “The cattle market really follows what is going on with equities, and equities are down near […] Read more

Cargill and TrustBIX double down on sustainable beef efforts
Sustainable beef from certified farms and ranches is raised, processed and delivered with the future in mind
TrustBIX and Cargill signed a new agreement February 26, 2020 for TrustBIX to continue to provide chain-of-custody services that enable Cargill to offer sustainable beef sourcing to its Canadian customers. Cargill has and continues to develop multiple customer solutions that adhere to the Certified Sustainable Beef Framework. The Certified Sustainable Beef Framework is an operation-level certification program developed by […] Read more

A+W starts move to all-grass-fed, all-Canadian beef
Suppliers lined up to begin transition this spring
Canadian burger chain A+W’s next move to distinguish its menu in a crowded quick-service market will be a connection to the regenerative ag movement, as it sets itself up with an all-Canadian and all-grass-fed beef supply. The Vancouver-based chain, which includes almost 1,000 restaurants across Canada, announced Monday it’s “making a commitment to exclusively source […] Read more

CCA Reports: A roadmap for the beef industry
From the March 2020 issue of Canadian Cattlemen
The Canadian Beef Advisors consist of elected leaders and staff representation of the seven national beef organizations responsible for policy, marketing, research and sustainability. They are a diverse group of experienced industry representatives who are responsible for advancing the National Beef Strategy with industry stakeholders, providing recommendations on future direction and reporting results against strategy […] Read more

Coronavirus impact spreads to cash cattle markets
The Markets with Deb McMillin, from the March 2020 issue of Canadian Cattlemen
Fed Cattle A downtrend in the technical market in recent weeks resulting from uncertainty surrounding the economic impacts of the coronavirus has spread to the cash market as well. Locally, the cash fed cattle price has fallen $11.00/cwt over the past two weeks. The current fed steer average is $152.54/cwt. Fortunately, the higher prices that […] Read more

U.S. livestock: CME live cattle sink to new lows
COVID-19 continues to spook investors
Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live […] Read more

CCA Reports: Cattlemen’s Young Leaders program open to applications
From the February 2020 issue of Canadian Cattlemen
Look around at any industry meeting and there is a common theme among the participants: their age. Encouraging young people to pursue careers in the beef industry has been a priority for quite some time, yet it is still a challenge we face. Access to financing and affordable land to run profitable operations, lack of […] Read more