Reading Time: 3 minutes When it was wheat, Alberta led the fight to get rid of single-desk selling. But it’s a very different story when it comes to pork. Two-thirds of Alberta Pork producers voted in favour of investigating a single-desk marketing system similar to Quebec at their virtual annual general meeting held November 23. Thirty per cent voted […] Read more
Beleaguered pork producers consider move to single desk
After years of losses, many will abandon the sector if things don’t change, says Alberta Pork
U.S. livestock: Cattle futures drop on fund selling
Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more
U.S. livestock: Cattle futures weaken on technical setback
Hog futures up ahead of USDA data
Chicago | Reuters — U.S. live cattle futures eased on Monday, setting back on some mild technical selling after three days of gains, while hog futures edged higher, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled 0.2 cent lower at 114.65 cents/lb. (all figures US$). The contract hit its highest since Nov. […] Read more
U.S. livestock: Cattle futures firm as cash market rebound seen
Hog report expected to show smaller herd
Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Friday, on expectations that the cash market would rebound from recent lows in the coming days. Traders also viewed a government report that showed cattle placements during November were down sharply from a year earlier as bullish. “The […] Read more
U.S. livestock: Cattle futures firm
Hogs weak despite big pork exports
Chicago | Reuters — U.S. cattle futures rose to a two-week high on Thursday, their second straight day of gains, on technical buying, traders said. Hog futures were weaker despite signs of strong pork exports and firm demand from China. Chicago Mercantile Exchange (CME) February live cattle futures settled up 0.675 cent at 114.45 cents/lb. […] Read more
China drives surge in pork exports
Reading Time: < 1 minute Thanks to surging sales to China, pork exports were up by more than 18 per cent in volume (nearly 21 per cent by value) from January to September, says provincial livestock market analyst Jason Wood. Total year-to-date pork exports were $3.75 billion (1.1 million tonnes), with China accounting for close to half of that — […] Read more
Tyson fires seven managers after probe into COVID-19 wagering
Employees had been suspended following lawsuit
Reuters — Tyson Foods said Wednesday it had fired seven managers at an Iowa pork plant after investigating allegations that they took bets on how many employees would catch COVID-19. The independent investigation, led by former U.S. Attorney General Eric Holder, came in response to a lawsuit filed by the son of a worker at […] Read more
U.S. livestock: Cattle futures firm despite weak cash markets
Hogs down on technical selling
Chicago | Reuters — U.S. cattle futures firmed on Wednesday, shrugging off weakness in the cash market in anticipation of tightening supplies in the coming months, traders said. Hog futures eased on a round of technical selling. Traders were expecting a U.S. Department of Agriculture (USDA) report on Friday to show an 8.6 per cent […] Read more
U.S. livestock: Hog futures rally on technical buying
CME cattle futures lower
Chicago | Reuters — U.S. lean hog futures rose slightly on Tuesday on follow-through buying from a rally on Monday, traders said. Cattle futures eased, pressured by recent weakness in the cash markets as well as some technical sales. Chicago Mercantile Exchange (CME) February lean hogs rose 0.775 cent to settle at 66.45 cents/lb. (all […] Read more
U.S. livestock: Hog futures rally on technical buying
February live cattle futures lower
Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more
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