Chicago | Reuters — U.S. cattle futures closed higher on Tuesday for a third straight session, lifted by surging wholesale beef prices and optimism that coronavirus vaccines could trigger an economic recovery, bolstering demand for meat, traders said. Wall Street’s Dow Jones industrial average hit a record high above 30,000 on upbeat COVID-19 vaccine news, […] Read more
U.S. livestock: Cattle futures follow beef prices, Dow higher
Chicago lean hogs end mixed
U.S. livestock: Live cattle futures up two per cent
U.S. feedlot data, beef prices supportive
Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with […] Read more
Tyson suspends staff as suit alleges managers set up COVID pool
Chicago | Reuters — Tyson Foods said Thursday it suspended employees without pay and hired former U.S. attorney general Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19. The coronavirus pandemic has ravaged the […] Read more
U.S. livestock: Cattle, hog futures tumble on demand worries
Corn values also weigh on feeder cattle, hogs
Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more
U.S. livestock: Cattle futures retreat as COVID surge stokes demand worries
CME lean hog futures end mixed
Chicago | Reuters — U.S. cattle futures fell on Wednesday as rising coronavirus infection rates stoked concerns about potential supply-chain disruptions and reduced demand for beef as health restrictions shutter restaurants and discourage travel. U.S. stocks dove on Wednesday as investors weighed surging COVID-19 infections and mounting shutdowns against encouraging vaccine developments. An April plunge […] Read more
Irritated trade partners push back on China’s coronavirus food tests
Canada rips testing as 'unjustified trade restrictions'
Beijing/Geneva | Reuters — Major food-producing countries are growing increasingly frustrated with China’s scrutiny of imported products and are calling on it to stop aggressive testing for the coronavirus, which some say is tantamount to a trade restriction. China says it has found the virus on the packaging of products from 20 countries including German […] Read more
U.S. livestock: Cattle futures climb with cash market, beef prices
Lean hog futures up on short-covering
Chicago | Reuters — U.S. live cattle futures rose for a second straight session on Tuesday, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week. Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns […] Read more
FCC identifies export, market opportunities for Canadian food
The ag lender's latest report highlights canola oil, pork, potato products, crab meat
Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
U.S. livestock: Cattle futures up as Wall Street rallies
COVID-19 worries remain in picture
Chicago | Reuters — U.S. cattle futures ended mostly higher on Monday on spillover support from soaring equities markets, although gains were limited by worries about rising coronavirus infections and likely restaurant closures. News of a second promising COVID-19 vaccine lifted both the S+P 500 and the Dow Jones Industrial Average to record highs on […] Read more
U.S. livestock: Cattle futures sag as COVID surge threatens meat demand
Demand uncertainty also weighs on hogs
Chicago | Reuters — U.S. livestock futures slumped on Friday as soaring coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues, analysts said. Cities and states across the country have moved to re-impose restrictions to tame new spikes in COVID-19 infections and hospitalizations. Additional […] Read more
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