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Comment, News

Comment: Talking to the new CCA president

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The Canadian Cattlemen’s Association (CCA) held its annual general meeting in mid-March in downtown Ottawa. Beef producers and industry folks from across Canada and even some from the U.S. gathered in a Hilton on Queen Street for committee meetings on everything from emergency planning for a livestock disease outbreak to improving risk management programs. During […] Read more
A year-over-year decline in calf crops
Market talk, Markets

A year-over-year decline in calf crops

Market Talk with Jerry Klassen

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Over the past couple of weeks, I’ve received many inquiries about the price outlook for feeder cattle. Calving season has been in full swing for over a month for many cow-calf operations. Producers are concerned about price behaviour over the next four to six months given the recent meltdown in the financial and commodity markets. […] Read more
(USDA.gov via Flickr)
Beef Cattle, Livestock, Markets, Reuters

USDA to probe surging beef prices versus falling cattle prices

Tyson says will co-operate with department's investigation

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Chicago | Reuters — The U.S. Agriculture Department will investigate why a surge in beef prices because of coronavirus-related hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies such as Tyson Foods and Cargill that dominate […] Read more
File photo of the Harmony Beef plant at Balzac, Alta. in 2015. (Canadian Cattlemen photo by Debbie Furber)
Beef Cattle, Livestock, Reuters

Alberta’s Harmony Beef halts slaughter on positive COVID-19 test

CFIA pulls inspectors after plant employee tests positive

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Ottawa/Winnipeg | Reuters — Harmony Beef, an Alberta packing plant, halted cattle slaughter on Friday after the Canadian Food Inspection Agency (CFIA) kept some inspectors from work, due to a positive test for COVID-19 by a Harmony worker, the company said. The partial closure follows a positive COVID-19 test by a worker at U.S. chicken […] Read more
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

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Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more
Dennis Laycraft. (John Greig photo)
Beef Cattle, Livestock, Markets

Beef sector mobilizes against supply disruptions

Keeping border open, meeting demand for beef are top priorities

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Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Uncertainty drags on Canadian cattle markets

Beef demand is strong but cattle prices are under pressure, Canfax says

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Cattle markets have tumbled as a result of COVID-19, according to the senior analyst at Canfax. “Feeder markets are off pretty hard, some of them are off 15 to 20 cents a pound, this week,” Brian Perillat said Tuesday. “They have been depressed over the last month. Feedlots too. Fed price is at the low […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs rally after grocery stores depleted

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Chicago | Reuters — U.S. cattle and hog futures surged on Tuesday, fueled by strength in the cash market as the grocery sector looked to restock shelves following heavy buying during the weekend. Bargain buying also helped support the livestock market. Both live cattle and feeder cattle futures were recovering from near 10-year lows hit […] Read more
Slices of thick cut steaks
Markets, News, Prime cuts

Will the U.S. have enough beef?

Prime Cuts with Steve Kay

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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

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