CME April live cattle futures LCJ24 settled down 0.450 cent at 181.225 cents per pound, retreating after rising to 183.450 cents, the contract's highest point since Nov. 7. Last week's firm cash cattle prices and technical buying underpinned the market, traders said.
Beef cattle
U.S. livestock: CME cattle futures ease on profit-taking after 2-1/2-month peak
Lean hog futures ended modestly higher; firm cash hog prices lent support
CCA disappointed, not surprised by breakdown in trade talks
Yesterday, federal officials said bilateral negotiations with the UK had been paused amid unhappiness on both sides
The Canadian Cattle Association says it's disappointed but not surprised by the UK's decision to pause talks on its free trade deal with Canada.
“CCA has been following the bilateral negotiations closely and has been concerned at the lack of ambition and cooperation from the UK in these negotiations," said Nathan Phinney, the CCA's president, in a news release late yesterday.
Britain pauses talks on Canada free trade deal over agriculture
The talks are among negotiations launched after Britain left the European Union
Britain has suspended talks on a free trade deal with Canada amid unhappiness on both sides about the lack of access to agricultural markets, Canadian officials said on Thursday.
Feed grain weekly outlook: Buyers looking towards springtime
Analysts suggest farmers will grow less barley
Feedlots continued to purchase corn imports from the United States, putting pressure on feed barley and wheat prices in Western Canada. However, the prospective of fewer planted acres this spring could give prices a boost.
Alberta expands livestock drought recovery supports
Only a narrow band of the province remains exempt from the aid program
The 2023 Canada-Alberta Drought Livestock Assistance initiative, funded through the AgriRecovery framework by the federal and provincial governments, offers payments of up to $150 per head to livestock producers who have 15 or more animals per type of livestock, and have altered usual grazing practices for more than 21 days due to drought.
Klassen: Feeder market holds value despite negative margins
U.S. demand limited with colder temperatures in Midwest
Calf markets appeared to trade $2 to $3 above week-ago levels on average. Feedlot margins on current pen close-outs are negative $300 to $350 per head but replacement markets haven’t missed a beat. Finishing feedlots were once again bidding aggressively on backgrounded cattle with fleshier types experiencing limited slippage. Larger pen sized groups were on the higher end of the priced spectrum with buyers avoiding smaller packages.
Beef marks GHG drop: report
Assessment reveals industry has reduced emissions by 15 per cent
Producing a kilogram of boneless beef cuts today involves 15 per cent fewer greenhouse gas emissions than in 2014, according to the recently released National Beef Sustainability Assessment (NBSA) and Strategy report.
U.S. livestock: Cattle, hogs sag as traders track US slaughtering
Data largely neutral for cattle futures, analysts say
Chicago Mercantile Exchange cattle futures eased on Friday as the market retreated from November highs, and hog futures also closed lower.
Ag minister talks Proposition 12, VCOOL with the U.S.’s Vilsack
The trip marks MacAulay's first ministerial visit to the U.S. since regaining the role
Proposition 12 and voluntary country of origin labelling (VCOOL) were among topics raised during federal Ag Minister Lawrence MacAulay's first ministerial trip to to the U.S. after being appointed to the portfolio late last year.
U.S. livestock: Follow-through buying carries CME cattle to eight-week highs
Cattle lighter after severe winter weather traders say
Chicago Mercantile Exchange cattle futures stormed to their highest levels in about eight weeks on Thursday amid follow-through buying, traders said.
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