Russia’s retaliatory sanctions on Canadian agrifood, while disappointing from where Manitoba’s pork producers sit, aren’t expected to hurt the sector in the near term. Following a declaration from President Vladimir Putin on Wednesday, Russian Prime Minister Dmitry Medvedev on Thursday confirmed the government has “completely banned the importation” of beef, pork, fruit and vegetables, poultry, […] Read more
Record-high pork values to cushion Russia’s sanctions
U.S. livestock: CME live, feeder cattle end limit-down
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed down the maximum three cents per pound allowed under the daily price limit on Friday, pressured by steady to lower returns for unsold market-ready or cash cattle based on sales earlier in the week. On Friday, cash cattle in Texas moved at $160 […] Read more
U.S. livestock: CME live cattle slump with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Thursday, pressured by lower prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas sold at $161 per hundredweight (cwt), down $1 from last week, feedlot sources said. They reported cash sales in Kansas of $160, $3 lower than a […] Read more
U.S. livestock: CME live cattle, hogs end firm after choppy session
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed firm, supported by their discounts to last week’s prices for market-ready or cash cattle, traders said. CME hogs also posted gains, helped by short-covering after brushing aside lower cash and wholesale prices, they said. The live cattle market chopped around throughout the […] Read more
Ukraine to block Canadian, U.S. hogs over PEDv
Geneva | Reuters — Ukraine has introduced emergency restrictions on the import of pigs from Canada, the U.S. and seven other countries, it said in documents filed at the World Trade Organization on Wednesday. Ukraine said porcine epidemic diarrhea (PED) had been identified in Canada, China, Columbia, the Dominican Republic, Japan, Mexico and the U.S., […] Read more
Zoetis plans vaccine against PEDv
Chicago | Reuters — Zoetis Inc., the world’s largest animal-health company, plans to seek U.S. approval before the end of this year to sell its vaccine against a virus that has killed about 13 per cent of the U.S. hog herd. If approved, the new drug would rival the only vaccine available so far. Zoetis, […] Read more
U.S. livestock: CME hogs fall on worries of supply increase ahead
Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Tuesday, weighed down by concerns that unseasonably cool midsummer weather will persist into the fall and boost supply by putting weight on hogs quicker, traders and analysts said. Hog weights have declined modestly so far this summer, but remain well above last year’s […] Read more
LIVESTOCK: CME live cattle fall, pressured by equities tumble
Chicago Mercantile Exchange live cattle contracts closed sharply lower on Thursday, pulled down by the stock market’s sheer drop caused by European deflation and Argentina default worries. Wall Street investors dumped long positions across a broad range of commodities, including CME livestock futures, an analyst said. Global economic jitters could undermine consumer confidence, which could […] Read more
U.S. appeals court upholds federal meat labelling regulation
A U.S. appeals court on Tuesday rejected a food industry challenge to a federal rule concerning labelling requirements for meat, marking a potential setback for other businesses fighting federal regulations on free-speech grounds. For the second time, the U.S. Court of Appeals for the District of Columbia Circuit said the 2013 regulation could be enforced. […] Read more
LIVESTOCK – CME hogs futures fall with sagging cash prices
CHICAGO, July 29 (Reuters) – Chicago Mercantile Exchange hogs on Tuesday finished lower following slumping prices for ample supplies of slaughter-ready animals, traders said. August finished 2.225 cents per lb lower at 121.450 cents, and October down 0.550 to 106.075. The morning’s average price of hogs in Iowa/Minnesota fell $1.23 per cwt from Monday, and […] Read more
Cyber-Savvy Farmer
