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CME May 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Limit-up grains pressure feeder cattle, lean hogs

Beef demand supports CME live cattle

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Chicago | Reuters — U.S. feeder cattle futures dropped on Wednesday, reacting to limit-up gains in corn and soybean futures that will translate to higher livestock feed costs as grain users compete for tight supplies, traders said. On the Chicago Mercantile Exchange, the most-active May feeder cattle contract finished 2.8 cents lower at 149.4 cents […] Read more
Illustration of the degeneration of dopaminergic neurons, a key stage of development of Parkinson’s disease. (Dr_Microbe/iStock/Getty Images)
General

Quebec to reduce onus for farm workers seeking workers’ comp for Parkinson’s

Amended rule would grant 'presumption' for pesticide exposure

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Some Quebec farmers and farm workers with Parkinson’s disease may soon have an easier path to seek workers’ compensation — if they can show at least a certain amount of exposure to pesticides. Provincial Labour Minister Jean Boulet on Tuesday tabled an amendment to bill 59, draft legislation that includes updates to Quebec’s workplace health […] Read more
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures rise as cash market firms

Rally pauses in CME cattle futures

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Chicago | Reuters — U.S. lean hog futures rose on Tuesday, with the benchmark June contract setting a life-of-contract high on firm cash hog prices and signs of tightening supplies at a time of robust demand for pork, analysts said. On the Chicago Mercantile Exchange, most-active June lean hog futures settled up 0.8 cent at […] Read more
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Firm beef prices lead cattle futures higher

CME lean hogs' rally pauses

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Chicago | Reuters — Benchmark live cattle futures on the Chicago Mercantile Exchange climbed to a contract high on Monday, led by firming wholesale beef prices as the summer grilling season approaches with the U.S. economy seems poised to rebound from the coronavirus pandemic, traders said. Feeder cattle futures also set contract highs. CME April […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

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Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more
Photo: ARS/USDA
Hogs, Livestock, Markets

Hog market recovering from pandemic lows

China again a major driver of hog values

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MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures notch new highs on tight supply

Cattle futures firm on cash values

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Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange found life-of-contract highs for a second day on Friday after the U.S. Agriculture Department reported tight supplies in its quarterly hogs and pigs report after the close Thursday. CME April lean hogs settled up 1.125 cents at 100.8 cents/lb., after reaching a contract […] Read more
(Shironosov/iStock/Getty Images)
General

Ag ministers withdraw AgriStability reference margin limit

Program's compensation rate unchanged but 'remains on table'

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In a move expected to provide $95 million in additional farm support per year, Canada’s ag ministers have agreed to remove the reference margin limit from the AgriStability farm income stabilization program. “That’s it! The ‘reference margin limit’ of the #AgriStability program is over! And it will be retroactive to 2020!” federal Agriculture Minister Marie-Claude […] Read more
(Dave Bedard photo)
General, Reuters

USDA plans more pandemic programs for disadvantaged farmers

Review found disparities in farm aid distribution

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Chicago | Reuters — The U.S. Department of Agriculture said on Wednesday it will dedicate at least US$6 billion to help smaller-scale and socially disadvantaged farmers who were hurt by the pandemic, along with producers of organic food and other specialty crops. The agency said it would also increase by approximately $5.6 billion payments made […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures climb as processing slows

Live cattle steady as beef prices level off

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures continued higher on Wednesday, reaching a 6-1/2 year high as optimism for consumer demand increases against tighter hog supplies. CME April lean hogs closed 1.3 cents higher at 97.775 cents/lb., after notching a life-of-contract high at 97.925 cents, while the most-active June contract added 0.8 […] Read more

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