The USDA’s report showed July placements at 1.615 million head, which was 55 million below the average forecast of 1.670 million.   |  File photo

U.S. feedlot cattle placements smaller than analysts expected

CHICAGO (Reuters) – U.S. ranchers in July placed 2.7 percent more cattle in U.S. feedlots than a year ago, but fell short of average analysts’ forecasts. Dwindling profits for feedyards, reflecting weaker fed cattle prices, discouraged them from buying calves for fattening, said analysts following the U.S. Department of Agriculture cattle on feed report Aug. […] Read more

JBS is selling its 75,000 head feedlot at Brooks, Alta., to MCF Holdings for $50 million. | File photo

Nilsson-owned firm buys Alta. feedlot from JBS

JBS is selling its 75,000 head feedlot at Brooks, Alta., to MCF Holdings for $50 million. MCF Holdings is owned by Nilsson Bros., which is based in Alberta. The Nilsson family originally owned XL Foods at Brooks, but sold it to the Brazilian company in 2013 following a food safety crisis at the plant. The […] Read more