Warning they don’t have time to wait on negotiation, representatives for cattle feeders, fertilizer producers and grain growers took to Parliament Hill on Monday to press for the federal government to instead legislate Canadian Pacific Railway’s engineers and conductors back to work. Traffic halted on CP lines just after midnight ET Sunday morning as the […] Read more
Tag Archives cattle producers
Ag industry groups seek legislated end to CP stoppage
Feed, fertilizer traffic already way behind, groups say
U.S. senators scrutinize meat packers’ profits during pandemic
Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy […] Read more
COVID-19 strains already-battered Ontario beef industry
Limited processing capacity remains financial challenge for province's feedlot sector, despite recent increase in retail demand
Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more than $2 million per week […] Read more
CME plans no more changes to cattle contract for now
Chicago | Reuters — CME Group plans no further moves to reduce volatility in its cattle futures market, after making a series of changes to rein in wild price swings that drove away hedgers, a managing director said on Wednesday. Over the past two years, the exchange operator, which owns the Chicago Mercantile Exchange and […] Read more
Hay shortage could make for difficult winter
CNS Canada — Many cattle producers looking for local feed this winter might have a difficult time, according to a Saskatchewan provincial forage specialist. However, producers further north in the grey and black soil zones, and those in Alberta producing high-quality feed for export, saw near-record hay production. Terry Kowalchuk of Saskatchewan Agriculture in Regina […] Read more
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