President Donald Trump’s tariffs on agricultural products have Southern Ontario beef farmers worried. Though beef imports are not subject to the new 10 per cent baseline tariff, which came into effect on April 2, reciprocal tariffs are set to begin on April 9.
Tag Archives beef prices
Southern Ontario beef farmers seeing a price drop after Trump’s tariffs
Maritime beef producers get price protection
Two-year pilot gives Maritime producers an equivalent program to the rest of the country
Producers in New Brunswick and Prince Edward Island, and soon Nova Scotia, will have access to a program that will allow them to purchase insurance on price protection for their beef cattle in case of an unforeseen market disruption.
Opinion: Is greed driving the beef industry to a legal showdown?
When it comes to price-fixing, the U.S. acts. Canada, not so much
A Quebec-based group is leading a class-action lawsuit aimed at major federally licensed beef packers. Cargill, JBS Foods, Tyson Foods and National Beef Packing are all accused of colluding and inflating beef prices since 2015. Consumers in Quebec who have been buying beef since 2015 can be part of the claim. The authorization application was […] Read more
Quebec group seeks to sue beef packers over pricing
Group's class-action application alleges price-fixing dating back to 2015
A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for […] Read more
U.S. livestock: Live cattle advance in bargain-buying bounce
CME lean hogs drop
Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more
U.S. livestock: Live cattle futures up two per cent
U.S. feedlot data, beef prices supportive
Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more
U.S. livestock: Lean hogs up on lower-than-expected inventory
CME live cattle follow cash cattle lower
Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
U.S. livestock: Cattle futures rebound on wholesale strength
Softening cash market drags on hog futures
Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added […] Read more
U.S. livestock: CME cattle futures end up on firm cash trade
Lean hog futures close mixed
Chicago | Reuters — U.S. live cattle futures closed modestly higher on Friday, supported by strength in cash cattle markets this week, but uncertainty about beef demand in the coming months capped rallies, analysts said. Chicago Mercantile Exchange October live cattle futures settled up 0.575 cent at 107.35 cents/lb. and December rose 0.525 cent to […] Read more
U.S. livestock: CME hog futures fall as China’s hog herd rebounds
CME December live cattle rise
Chicago | Reuters — U.S. livestock futures fell on Wednesday, as the futures market continues to cool in the wake of last week’s rally and on news that the size of China’s hog herd is quickly growing. Hog futures soared last week after Germany reported its first case of African swine fever (ASF) and China […] Read more
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