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Tag Archives Pork

CME December 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up with wholesale beef prices

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Chicago | Reuters — U.S. live cattle futures inched higher on Monday as rising wholesale beef prices buoyed the market in light-volume trade, analysts said. Chicago Mercantile Exchange December live cattle futures settled up 0.25 cent at 108.55 cents/lb. (all figures US$). “That’s still the underlying factor — (cattle) weights are not as big as […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle edge higher in subdued trade

Chicago hogs end mixed

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Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern […] Read more
(Olymel video screengrab via YouTube)
Hogs, Livestock, Reuters

Shutdown urged for Quebec pork plant after COVID-19 death

Union calls on Olymel to close site for at least two weeks

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The union for over 1,000 workers at a major Quebec hog slaughter plant is calling on the owner to temporarily close the facility against a COVID-19 outbreak now blamed for the death of an employee. Le Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN said Wednesday the death of a worker earlier this week led it to demand […] Read more
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Hogs, Livestock, Markets

Strong demand, lower supplies support North American hog prices

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MarketsFarm — Hog prices in North America typically come under pressure heading into fall, as the end of barbecue season coincides with more hogs coming to slaughter. However, strong global demand has propped up hog prices in recent weeks, with cash prices increasing by over 25 per cent. Fewer hogs coming to market, coupled with […] Read more
Piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Livestock, Markets, Reuters

China targets pork self-sufficiency rate of 95 per cent

Imported beef increasing in market share

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Beijing | Reuters — China is aiming to produce 95 per cent of its pork at home, according to a cabinet document outlining plans for its livestock sector, underscoring a goal to quickly rebuild its huge pig herd after a major disease epidemic. The document, released on Sunday, comes amid a heightened focus on food […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up on cash market optimism

Wholesale pork values support October hogs

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Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service HedgersEdge.com (all figures […] Read more
File photo of Agriculture Minister Marie-Claude Bibeau speaking to media in Winnipeg in March 2019. (Dave Bedard photo)
General, Markets

Canada not benefiting from CETA, Bibeau says

Ex-premiers write to Ottawa with critique of EU's continued trade barriers

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Canada is not benefiting from the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), federal Agriculture Minister Marie-Claude Bibeau grants. Expected to spur $1.5 billion in new agri-food exports, the free trade deal has fallen short of those targets since its implementation in 2017. In a letter Monday to Prime Minister Justin […] Read more
(Zevei-Wenhui/iStock/Getty Images)
Hogs, Livestock, Reuters

Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

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Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around […] Read more

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