Meat packer JBS’s major beef slaughter plant in Alberta went back to work Tuesday following a cyberattack reported to have downed several of the company’s operations in North America and Australia. JBS USA, the unit overseeing the Brazilian firm’s Canadian operations, and JBS-owned chicken unit Pilgrim’s Pride both reported “significant progress in resolving the cyberattack […] Read more
JBS Canada plant up and running after cyberattack
Brooks beef plant has 'resumed production'
U.S. livestock: Cattle futures fall on cyberattack at JBS
July hogs touch contract high
Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures tumbled on Tuesday after JBS stopped slaughtering at U.S. plants because of a cyberattack. Brazil’s JBS told the U.S. government that a ransomware attack on the company originated from a criminal organization likely based in Russia, according to the White House. It is not known […] Read more
U.S. livestock: Lean hogs up on firm demand, tight supplies
Daily cattle slaughter down on week
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Friday as pork demand remained firm and supplies of market-ready hogs stayed low, analysts said. “At some point though, you would think the wholesale price would put a damper on demand, at some point in the summer,” said Doug Houghton technical analyst at […] Read more
U.S. livestock: Live cattle, lean hogs firm on meat demand
Corn prices drag on feeder cattle
Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday on firming cash beef and pork prices and strong weekly export sales data from the U.S. Department of Agriculture (USDA). Feeder cattle futures were lower, however, pressured by soaring corn feed prices. USDA data released early on Thursday showed […] Read more
U.S. livestock: Lean hogs ease on profit-taking
Cash prices, corn values drag on cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Wednesday, as investors took profits after some nearby contracts scaled the highest levels in years during the session on strong cash hog and pork prices. Cash hog prices remained firm while pork values hovered near the highest in almost seven years, […] Read more
U.S. livestock: Lean hogs up as pork prices rise, corn tumbles
Corn's decline also feeder cattle's gain
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded from the prior day’s losses on Tuesday on stronger cash pork prices and a weaker dollar, and as corn feed values fell sharply. Feeder cattle contracts also posted strong gains as benchmark corn futures on the Chicago Board of Trade plunged more than five […] Read more
U.S. livestock: Cattle futures sink as on-feed supply tops estimates
Profit-taking drags on hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Monday after U.S. government data showed supplies in feedlots above trade expectations and as some traders worried about demand for beef. The U.S. Department of Agriculture (USDA) said late on Friday that May 1 on-feed cattle supplies stood at 105 per cent of […] Read more
U.S. livestock: Hog futures rally to highest since August 2014
USDA's latest cattle count beats forecasts
Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday to their highest in nearly seven years, with strong demand outstripping supplies on hand as restaurants around the U.S. have been reopening after COVID-19 shutdowns, traders said. “We are seeing strong retail demand, with the food service trying to recapture their share of […] Read more
Olymel gets home province’s backing for plant upgrades
Quebec to invest $150 million in packer
Pork and poultry producer and packer Olymel has picked up equity investments from its home province to support a total of $315 million in plant upgrades. The Quebec government announced Tuesday it would invest $74 million in Olymel through its economy and innovation ministry’s Fonds pour la croissance des entreprises quebecois (FCEQ) plus $76 million […] Read more
BBQ season arrives with a bang
Reading Time: < 1 minute “On fire” and “sizzling” are terms being used to describe meat prices. “Wholesale beef and pork prices this spring have seen incredible strength,” Canfax said in a market report earlier this month. “Except for last year when wholesale beef prices doubled due to a shortage of supplies, cut-out prices at current levels had not been […] Read more
Cyber-Savvy Farmer
