Chicago | Reuters — U.S. lean hog futures ended mixed on Tuesday following five straight sessions of contract highs that triggered technical and speculative selling and profit taking in some futures months. The market, however, remained underpinned by strong cash hog prices, robust export demand and profitable pork packer margins, as well as Tuesday’s downturn […] Read more
U.S. livestock: CME lean hogs end mixed after five-session rally
Feeder cattle up on corn supply projection
Pork producers eye an average year — which would mean more losses
Barns are already being shut down, and this exodus will accelerate, says industry veteran
Reading Time: 3 minutes The past year hammered the already struggling hog industry — but is there hope on the horizon for 2021? “I don’t want to be doom and gloom, but I have to say no,” said Brent Bushell, general manager of Western Hog Exchange. “In Western Canada, on average, producers haven’t made money since about 2015. Guys […] Read more
U.S. livestock: CME lean hogs rise on China disease worries
Chicago | Reuters — U.S. lean hog futures rallied to new contract highs on Monday on rising concerns about the spread of a deadly pig disease in China, the world’s largest hog and pork market, and as wintry weather in the U.S. Midwest threatened to disrupt hog movement. The gains followed a surge in hog […] Read more
U.S. livestock: CME hogs touch contract high for fourth straight day
Live cattle up, feeder cattle retreat
Chicago | Reuters — U.S. lean hog futures extended their rally on Friday, setting a contract high for the fourth consecutive day on strong demand, while live cattle futures topped a one-year high. Traders predicted Chinese buyers will continue to snap up U.S. pork after the U.S. Department of Agriculture on Thursday reported export sales […] Read more
Former F. Menard hog plant upgrading for second shift
Olymel announces $9 million in renovations
Pork and poultry packer Olymel plans to dial up its pork output with a new evening shift at a Quebec hog plant it now owns in the province’s Monteregie. Olymel, the meat packing arm of Sollio Co-operative Group, said Friday it will invest $9 million in renovations at its slaughter, cutting and deboning plant at […] Read more
Schoepp: Who will win the battle for the plates of consumers?
The rise of meat created from plants or in a lab is a fascinating, and multi-faceted, affair
Reading Time: 3 minutes Who will win the plate on the battlefield of food animal versus plant- or cell-based meats? I have often wondered about the outcome of this raging war for the shelf, especially after I first noticed food animal companies investing in plant-based technologies. There is mounting evidence for the use of food animal over alternate meats […] Read more
U.S. livestock: CME hogs touch contract high for third day
Cattle futures up with beef exports
Chicago | Reuters — U.S. lean hog futures climbed on Thursday, setting a contract high for the third consecutive day on firm Chinese demand, traders said. Weekly U.S. pork export sales to China, the world’s top pork consumer, reached a three-month high of 17,873 tonnes in the week ended Jan. 28, according to the U.S. […] Read more
Paszkowski, Price and Visser join Agriculture Hall of Fame
The canola, pork, and egg sectors are among those that benefited from the efforts of this trio
Reading Time: 2 minutes Walter Paszkowski, David Price and George Visser are the newest members of the Alberta Agriculture Hall of Fame. Paszkowski was instrumental in laying the foundation for the canola industry in Western Canada. Born and raised in Sexsmith, he was a founding director of the Northern Alberta Rapeseed Crushing Plant, president of the Alberta Canola Growers, […] Read more
U.S. livestock: Hogs set contract high on strong demand, lighter weights
CME cattle futures close lower
Chicago | Reuters — U.S. lean hog futures on Wednesday reached a contract high for the second consecutive day on strong demand and a decline in farm animal weights, analysts said. Average hog weights have declined as processors have cleared a backlog of hogs on farms that began last spring when COVID-19 outbreaks temporarily shut […] Read more
Kraft Heinz reported in talks to sell Planters snack business
Pandemic-based surge in snack demand wanes
Reuters — Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about US$3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could be announced as soon as next week if talks do not fall apart, the Journal […] Read more
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