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CME August 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle end mostly lower as beef prices ease

June hogs up, August lower

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Chicago | Reuters — U.S. live cattle futures closed mostly lower on Thursday as wholesale beef prices began to retreat from historic highs as the U.S. slaughter pace improved, generating more meat supplies, analysts said. Chicago Mercantile Exchange (CME) August live cattle futures settled down 1.425 cents at 97 cents/lb. (all figures US$). Front-month June […] Read more
File photo of a truck arriving at a Smithfield Foods pork plant at Smithfield, Va. on Oct. 17, 2019. (Photo: Reuters/Tom Polansek)
Hogs, Livestock, Reuters

Smithfield starting to reopen Sioux Falls hog plant, union says

Major plant was shuttered by COVID-19 outbreak

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Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, resumed limited operations on Monday at a massive South Dakota slaughterhouse it closed last month because of the coronavirus pandemic, the union representing plant employees said. The closure of the plant and other slaughterhouses due to coronavirus cases among employees has led to temporary […] Read more
(TysonFoods.com)
Hogs, Livestock, Markets, Reuters

COVID-19 forces Tyson to shutter two major U.S. pork plants

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UPDATED — Reuters — Tyson Foods is shuttering two pork processing plants, including its largest in the United States, to contain the spread of the coronavirus, further tightening meat supplies after other major slaughterhouse shutdowns. The closures are limiting the amount of meat the U.S. can produce during the outbreak and adding stress on farmers […] Read more
(PorcOlymel.com)
Hogs, Livestock

Quebec pork plant to restart at reduced pace

Olymel plant closed due to COVID-19 cases

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Olymel plans to gradually bring a hog plant in Quebec’s Mauricie region out of a two-week shutdown starting Tuesday following a number of COVID-19 cases among its employees. The meat packing arm of Quebec-based Sollio Co-operative Group announced Saturday it will resume slaughter and cutting operations at Yamachiche, Que. starting Tuesday. Nine people working at […] Read more
File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock, Reuters

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

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Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
(t-lorien/Getty Images)
Hogs, Livestock, Markets, Reuters

CME to raise hog futures trading limits as swine fever fuels volatility

New daily limit of 3.75 U.S. cents proposed for mid-April

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Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more
CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more
CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle sag on weaker cash trade

Coronavirus jitters also rattle cattle markets

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Chicago | Reuters –– U.S. live cattle futures fell on Tuesday, with the benchmark April contract touching its lowest since late September on falling cash cattle prices and worries about the impact of the coronavirus outbreak in China, traders said. Cash cattle traded lightly in Kansas and Nebraska at $119-$120 per cwt, traders said, down […] Read more

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