Insights and Stories on Livestock

May. 24, 2021 at 8:50 pm CDT

Compared to last week, quality yearling packages were $2-$5 higher while calf values were unchanged to $2 higher. A surge in buying interest surfaced for yearlings last week as fed cattle prices continue to trade near 52-week highs. Alberta packers were buying fed cattle in the range of $162-$165 delivered […]

By Jerry Klassen

May. 24, 2021 at 7:53 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Monday after U.S. government data showed supplies in feedlots above trade expectations and as some traders worried about demand for beef. The U.S. Department of Agriculture (USDA) said late on Friday that May 1 on-feed cattle supplies stood […]

By Karl Plume

May. 21, 2021 at 7:51 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday to their highest in nearly seven years, with strong demand outstripping supplies on hand as restaurants around the U.S. have been reopening after COVID-19 shutdowns, traders said. “We are seeing strong retail demand, with the food service trying […]

By Mark Weinraub

May. 21, 2021 at 9:31 am CDT

Pork and poultry producer and packer Olymel has picked up equity investments from its home province to support a total of $315 million in plant upgrades. The Quebec government announced Tuesday it would invest $74 million in Olymel through its economy and innovation ministry’s Fonds pour la croissance des entreprises […]

By Dave Bedard

May. 21, 2021 at 9:14 am CDT

Starting a niche marketing meat business is no small feat, but launching it at the beginning of a pandemic takes the challenge to a whole new level. For some time, Trish and Greg Tetz of Three Hills, Alta., had the dream of “opening the conversation between producers and consumers. We […]

By Kelly Sidoryk