Chicago | Reuters — Live cattle futures trimmed on Thursday as fears of additional pandemic closures weighed on the demand outlook, traders said. Chicago Mercantile Exchange February live cattle futures fell 1.35 cents to 112.575 cents/lb., the contract’s biggest decline in two weeks (all figures US$). CME January feeder cattle ended two cents lower at […] Read more
U.S. livestock: Cattle futures step back on demand uncertainty
February lean hog futures lower
U.S. livestock: Live cattle futures gain on strong cash trade
CME lean hogs down off six-week high
Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more
Seize the opportunity to grow Canadian food exports
Canada can be ‘a leading supplier of food’ in the world if it strategically targets the right markets
Reading Time: 4 minutes Canada will need to grow and diversify its export markets if it hopes to reach its export targets by 2025, says a new report from Farm Credit Canada. “As an industry, we have quite ambitious targets when it comes to exports,” said J.P. Gervais, FCC’s chief agricultural economist. “The federal government put a $75-billion target […] Read more
U.S. livestock: Live cattle strengthen on demand outlook
Export demand supports hog futures, for now
Chicago | Reuters — Live cattle futures rose on Tuesday, supported by strong U.S. consumer demand and high wholesale beef prices, traders said. Chicago Mercantile Exchange February live cattle futures added 0.3 cent to 113.175 cents/lb. (all figures US$). CME cattle futures have been steady in recent weeks, recovering from a slump in late October […] Read more
U.S. livestock: Lean hog futures gain on strong pork demand
Weak beef exports drag on live cattle futures
Chicago | Reuters — Lean hog futures gained on Monday as demand for pork keeps pace with strong production, traders said. Chicago Mercantile Exchange’s benchmark February lean hog futures contract settled 1.325 cents higher at 68.575 cents/lb. (all figures US$). “Demand must be good,” said Alan Brugler, president of Brugler Marketing. “Cold storage stocks continue […] Read more
Some cattle producers have a beef with fake-meat labelling
Is it misleading to use words like burger and meat for veggie substitutes?
Reading Time: 6 minutes Plant-based protein. Simulated meat. Alternative protein. When it comes to labelling fake meat, what’s in a name? Well, it depends on who you ask. Some say using words like ‘burger’ or ‘sausage’ to describe vegetarian fare is misleading. “To me, it’s obvious we’re producing the best meat product, because everybody else wants to call theirs […] Read more
U.S. livestock: Live cattle futures trim as traders weigh weak exports
Lean hogs down with pork export figures
Chicago | Reuters — Live cattle futures fell on Friday on profit-taking during a shortened holiday-trading day, while less-than-stellar weekly beef exports added pressure to livestock futures overall, traders said. Chicago Mercantile Exchange February live cattle futures fell for the first time in the past five trading sessions, ending the day down 0.925 cent at […] Read more
China’s coronavirus testing chokes beef trade
Additional inspections, disinfections costly for importers
Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters — […] Read more
U.S. livestock: Live cattle up on cash market optimism, beef demand
Hogs up ahead of USDA exports report
Chicago | Reuters — Live cattle futures rose on Wednesday for a fourth straight session, climbing ahead of Thursday’s U.S. Thanksgiving holiday as strong packer margins fed expectations of improving cash cattle prices over the next few weeks, traders said. Chicago Mercantile Exchange February live cattle futures settled up 0.225 cent at 114.175 cents/lb. (all […] Read more
ASF virus is deadly but the fallout from an outbreak even worse
Health officials can deal with an African swine fever outbreak, but not its huge market disruption, says top expert
Reading Time: 4 minutes It’s a nightmare scenario — but if African swine fever arrived in Canada, the economic consequences would be much harder to deal with than the virus itself. “African swine fever is a big problem with very big challenges,” Dr. Egan Brockhoff said during a recent virtual presentation. “Big is an understatement. This is a global […] Read more
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