By Reuters News Service, Theopolis Waters, The Western Producer, October 25, 2016 CHICAGO, Oct 25 (Reuters) – Chicago Mercantile Exchange lean hog futures on Tuesday gained for a third straight session, fueled by recently improved prices for slaughter-ready, or cash, hogs and wholesale pork values despite plentiful supplies, said traders. Fund buying developed after December and… Continue reading CME hog futures extend rally, cattle snap winning streak
Tag: Agriculture Markets
U.S. Sept. cattle placements record low; inexpensive beef to persist
By Reuters News Agency, October 23, 2016 CHICAGO, Oct 21 (Reuters) – U.S. feedlots in September brought in two percent fewer cattle than last year, the U.S. Department of Agriculture said on Friday, which fell short of most trade estimates and resulted in a record low for that month. Depressed profits discouraged ranchers from plucking their… Continue reading U.S. Sept. cattle placements record low; inexpensive beef to persist
Consumer demands rise as beef consumption drops
By Barbara Duckworth, The Western Producer, October 20th, 2016 BANFF, Alta. — Modern consumers like their beef with adjectives. Beef labels such as free range, grass-fed, Angus, rare breed, omega 3 enriched, dry aged, Wagyu and free from antibiotics or hormones present a marketing advantage, said David Hughes, emeritus professor of food marketing at the… Continue reading Consumer demands rise as beef consumption drops
Growers urged to sharpen marketing skills
By Brian Cross, The Western Producer, October 14, 2016 The Alberta Wheat Commission encourages growers to get a good handle on the quality of wheat they’re selling before pulling the trigger on delivery The Alberta Wheat Commission encourages growers to get a good handle on the quality of wheat they’re selling before pulling the trigger… Continue reading Growers urged to sharpen marketing skills
Cattle fall to 6-year low on long liquidation, ample supply
By Michael Hirtzer, Reuters News Service, October 11, 2016 CHICAGO, Oct 11 (Reuters) – U.S. cattle futures fell to six-year lows on Tuesday, adding to steep losses from the previous session as investors liquidated holdings amid ample animal and meat supplies, traders and analysts said. Lean hog futures gained more than 1 percent at the Chicago… Continue reading Cattle fall to 6-year low on long liquidation, ample supply
Beef access to Mexico resumes; could be bigger than expected
By Robert Arnason, The Western Producer, October 7, 2016 Details have been finalized, and normalized beef trade with Mexico has been restored Canada’s beef industry and federal Agriculture Minister Lawrence MacAulay are celebrating today because Canadian beef producers now have full access to the Mexican market. In a conference call this morning from Mexico, where… Continue reading Beef access to Mexico resumes; could be bigger than expected
CME live cattle futures plunge 3-cents price limit
By Reuters News Service, Theopolis Waters, The Western Producer, September 27, 2016 CHICAGO, Sept 27 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the 3-cents per pound daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders. October and December settled down by… Continue reading CME live cattle futures plunge 3-cents price limit
An 'awful wreck': Analyst says falling beef prices are hurting cattle operators
By CBC News, September 21, 2016 Alberta-based Western Feedlots winding up cattle operations One of Canada’s largest cattle feeder operations says it’s winding down its cattle ownership and cattle feeding operations. Western Feedlots, which operates sites near Strathmore, High River and Mossleigh, says shareholders made the decision due to “strong head winds” in the cattle… Continue reading An 'awful wreck': Analyst says falling beef prices are hurting cattle operators
Crop futures fall in expectation of big crops, rising US dollar
By D’Arce McMillan, Reuters News Agency, September 13th, 2016 November canola futures held up reasonably well on Tuesday, dipping only about 0.57 percent while soybeans fell about two percent. The Canadian dollar has been losing ground against the U.S. buck as crude oil falls and that has helped give canola a bit of stability. Soybeans are… Continue reading Crop futures fall in expectation of big crops, rising US dollar
Beef experts share productivity advice
By Barbara Duckworth, The Western Producer, September 8, 2016 Bigger carcass size is key to productivity, but that must go hand-in-hand with quality, low-fat meat to reap profits When the Canadian beef strategy was released last year, one of its goals called for a productivity increase of 15 percent by 2020. During the Canadian beef… Continue reading Beef experts share productivity advice