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(PorcOlymel.com)
Hogs, Livestock

COVID-19 cases shut Olymel hog slaughter plant

Facility in Quebec's Mauricie region to close for two weeks

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The COVID-19 coronavirus has made its way into the labour pool at a major pork packing plant in Quebec’s Mauricie region, forcing a two-week shutdown. Olymel, the meat packing arm of Quebec-based Sollio Co-operative Group, announced Sunday it will temporarily close its hog slaughter and cutting plant at Yamachiche, about 20 km west of Trois-Rivieres, […] Read more
CBOT May 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

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Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more
(File photo)
Livestock, Markets, Poultry/Eggs, Reuters

U.S. egg prices hit record levels as pandemic buying boosts demand

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Washington | Reuters — Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns. Wholesale prices of “Midwest large” eggs hit an all-time high of $3.09 a dozen on Thursday, triple their level in early March, before […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat retreats from two-month peak

Corn rallies to end firm

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Chicago | Reuters — U.S. wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis that had sparked the recent run-up in wheat markets. Soybean futures also declined but corn rallied late in the session to eke out a modest […] Read more
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

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Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75 […] Read more
(JBSs.infoinvest.com.br)
Livestock, Markets, Reuters

JBS sees steady trade flows but flags export woes

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Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
(Gelmold/iStock/Getty Images)
Crops, Markets, Spring Wheat, Winter Wheat

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

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MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more

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