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U.S. livestock: Lean hogs bounce after sell-off, cattle also rise
Livestock, Markets, Reuters

U.S. livestock: Lean hogs bounce after sell-off, cattle also rise

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied as much as four per cent on Wednesday in a technical buying and short-covering bounce following a string of losses triggered by worries over exports to China. The world’s largest hog and pork market has threatened to halt all U.S. agricultural product purchases […] Read more
(AlexPro9500/iStock/Getty Images)
Livestock, Reuters

Sausage-loving Germans chew over meat tax plan

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Berlin | Reuters — German lawmakers on Wednesday proposed raising the sales tax on meat to help protect the climate and improve animal welfare, kindling a debate in a country renowned for its love of sausages. Meat in Germany benefits from a reduced value added tax rate of seven per cent, and the idea is […] Read more
U.S. livestock: Lean hogs tumble on worsening U.S.-China trade ties
Livestock, Markets, Reuters

U.S. livestock: Lean hogs tumble on worsening U.S.-China trade ties

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply on Tuesday as growing tensions between Washington and Beijing fueled worries about U.S. pork exports. China, the world’s largest hog and pork market, has threatened to halt all purchases of U.S. agricultural products after U.S. President Donald Trump announced he would slap […] Read more
(PrevtecMicrobia.com)
Hogs, Livestock

Elanco buys swine PWD vaccine maker

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Veterinary drugmaker Elanco Animal Health is expanding its space in the swine sector with a deal to buy the Quebec startup behind Coliprotec vaccines. Indianapolis-based Elanco announced Thursday it has paid $78.5 million to buy Prevtec Microbia, which is headquartered in Montreal with facilities in St-Hyacinthe. The Coliprotec line is meant to help protect pigs […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder prices ratchet higher

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Compared to last week, western Canadian yearling markets traded $3-$5 higher on average; however, there were a few feature sales quoted $8 to as much as $10 above week-ago levels. Finishing feedlots were fairly aggressive on backgrounded cattle, which was the main source of yearlings last week. Early grassers are starting to come on the […] Read more
CME October 2019 lean hogs (candlesticks) and October live cattle (line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures swing wildly as trade war intensifies

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Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures swung wildly on Monday, with the most-active October lean hog futures going nearly limit-up and -down in the same trading session, amid growing tensions in the U.S.-China trade war. China’s commerce ministry said that Chinese companies have stopped buying U.S. agricultural products, and that China […] Read more
China’s demand for U.S. pork so far has been disappointing, analysts say. Photo: Thinkstock
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Hog futures set nine-month low on big supplies, China trade tensions

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Chicago | Reuters – Chicago Mercantile Exchange (CME) hog futures extended their decline on Friday, with the most active contract touching its lowest price in nine months under pressure from large supplies and the worsening U.S.-China trade war. Cattle futures also weakened. China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt […] Read more

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