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U.S. livestock: CME live cattle slide off three-month peak

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures on Thursday peaked at a three-month high before profit-taking dropped contracts to near session lows, said traders. December live cattle closed down 0.175 cent/lb. to 110.575 cents, and February ended 0.575 cent lower at 111.375 cents (all figures US$). CME live cattle futures receded in spite of this week's stronger-than-expected prices for market-ready, or cash, cattle and much improved wholesale beef…
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Canada again declares as avian flu-free

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tagged avian flu CFIA culls duck farm ontario
With an Ontario duck farm depopulated and disinfected, and no new outbreaks in the three following months, Canada has again declared itself free of notifiable avian flu. The federal government announced Wednesday it has informed the World Organization for Animal Health (OIE) that Ontario is considered free of avian influenza as per OIE guidelines. About 14,000 twelve-week-old ducks on a commercial duck farm near St. Catharines, Ont. were euthanized and composted after an outbreak of…
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ICE weekly outlook: Farmers look for rallies

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tagged canola futures canola markets ICE Futures Canada saskatchewan soyoil
CNS Canada -- As the last remaining days of harvest tick down, farmers are beginning to look for rallies to sell into, according to an analyst in the market. "The farmer continues to struggle out there, but seems content to sell into the rallies. I don't think they're selling into the breaks," said Keith Ferley of RBC Dominion Securities in Winnipeg. It was a volatile time for canola futures during the week ended Wednesday, largely due to sharp losses and gains in…
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CBOT weekly outlook: Technicals trump recent support in soy

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tagged biodiesel Brazil cbot corn futures EPA export demand soybean futures Trump
CNS Canada -- Soybean futures at the Chicago Board of Trade look technically bearish, one U.S. analyst says, but spec-longs may keep support in the market. Corn futures, meanwhile, are expected to continue in a rangebound trend. "Corn is still basically in a trading range; it doesn't excite people. Beans, they're all over the place," said Scott Capinegro of HighGround Trading Group in Chicago. Soybean futures had been propped up by an announcement from the U.S. Environmental…
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U.S. grains: Soy falls on position squaring

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tagged cbot closing markets corn futures crude oil OPEC soybean futures wheat futures
Chicago | Reuters -- U.S. soybean futures fell on Wednesday in the second straight day of declines as investors evened out positions and locked in profits from monthly gains, traders said. Wheat futures also fell, pressured by a firm dollar that further dimmed prospects for U.S. supplies on the export market. Corn was steady to slightly weaker, with bargain buying limiting declines but plentiful supplies following a record harvest continuing to weigh on the market. Soybeans fell…
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U.S. livestock: Cattle, hogs rise on cash markets

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tagged cattle futures closing markets CME Fed Cattle Exchange feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange cattle and hog futures rose about one per cent on Wednesday, rallying after two straight sessions of losses on the back of gains in U.S. cash cattle and hog markets, traders and analysts said. Most-active CME February live cattle settled 1.65 cents higher at 111.95 cents/lb. (all figures US$). The contract hit upside resistance near its 200-day moving average, and nearly tested its three-month peak of 112.525 notched on Friday and…
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Greig: Salmonella strain hard to treat in livestock

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tagged antimicrobials dairy cattle ontario quebec resistance salmonella Salmonella Dublin veal calves
A strain of salmonella resistant to multiple antimicrobials is spreading in Ontario and Quebec cattle herds. There have been 23 cases of Salmonella Dublin in 15 herds reported in Ontario since 2012, but the numbers have been increasing each year. There were eight cases reported in 2015 and four in 2016 through August. Dr. Dave Renaud, a veterinarian completing his doctorate in the department of population medicine at the Ontario Veterinary College, told the recent Healthy Calf Conference…
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Quebec service to match farmland sellers, young buyers

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tagged CRAAQ Farm Bank farmland L'Arterre Land Bank land rental land sales quebec
The Quebec and federal governments are putting up funds for a different kind of online match site: one to connect aspiring young farmers with producers who are either retiring or wanting to sell or rent farmland. The two governments on Tuesday announced $300,000 for the Centre de reference en agriculture et agroalimentaire du Quebec (CRAAQ) to set up L'Arterre, a web platform to co-ordinate such services. Following the merger of the province's Land Bank, set up by the Brome-Missisquoi MRC…
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Quarantined Alberta ranches to get AgriRecovery

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tagged agrirecovery alberta bovine TB CFIA compensation quarantine tuberculosis
Ranchers in southeastern Alberta having to feed and maintain quarantined cattle they can't move or sell can expect a federal/provincial AgriRecovery plan to help cover those costs in the next few days. Federal Agriculture Minister Lawrence MacAulay and his Alberta counterpart Oneil Carlier on Wednesday announced producers faced with "extraordinary costs" due to federal quarantines against bovine tuberculosis (TB) will be eligible for assistance under the AgriRecovery framework. The two…
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Farmer interest sought in Saskatchewan commodity hub

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tagged canadian pacific commodity hub Comtrax Kevin Hursh Mark Bratrud Weyburn
A group in southeastern Saskatchewan is gauging farmer support for a proposed new "commodity hub" project that would handle grain and transloading of commodities such as crude oil and fertilizer. An organization dubbed Comtrax Logistics Solutions proposes a $50 million to $75 million project somewhere on Canadian Pacific Railway's Soo Line, "most likely" in the Weyburn, Sask. area, including a 60,000-tonne capacity crop handling facility and 260-rail car capacity loop track. [Read more]
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