Chicago | Reuters – U.S. cattle futures retreated on Tuesday after hitting a near three-month high in the previous session as rising feed costs and a downturn in equities markets triggered selling. Cattle futures have firmed in recent days as hopes for an economic stimulus deal in Washington overshadowed worries about restaurant closures and travel […] Read more
U.S. livestock: Live cattle futures retreat as Wall Street dips, feed costs rise
U.S. livestock: Cattle futures hit six-week high; hog futures ease after rally
Chicago | Reuters – U.S. cattle futures rose for the sixth time in seven sessions on Thursday, hitting a six-week high on signs of strength in the cash market, traders said. Hog futures eased after four straight days of gains pushed the front-month contract to its highest in nearly two months on Wednesday. Volumes were […] Read more
U.S. livestock: Hog futures rise to highest since late October; cattle firms
Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more
Beleaguered pork producers consider move to single desk
After years of losses, many will abandon the sector if things don’t change, says Alberta Pork
Reading Time: 3 minutes When it was wheat, Alberta led the fight to get rid of single-desk selling. But it’s a very different story when it comes to pork. Two-thirds of Alberta Pork producers voted in favour of investigating a single-desk marketing system similar to Quebec at their virtual annual general meeting held November 23. Thirty per cent voted […] Read more
U.S. livestock: Cattle futures drop on fund selling
Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more
China drives surge in pork exports
Reading Time: < 1 minute Thanks to surging sales to China, pork exports were up by more than 18 per cent in volume (nearly 21 per cent by value) from January to September, says provincial livestock market analyst Jason Wood. Total year-to-date pork exports were $3.75 billion (1.1 million tonnes), with China accounting for close to half of that — […] Read more
Tyson fires seven managers after probe into COVID-19 wagering
Employees had been suspended following lawsuit
Reuters — Tyson Foods said Wednesday it had fired seven managers at an Iowa pork plant after investigating allegations that they took bets on how many employees would catch COVID-19. The independent investigation, led by former U.S. Attorney General Eric Holder, came in response to a lawsuit filed by the son of a worker at […] Read more
U.S. livestock: Cattle, hog futures fall as accelerating pandemic stirs demand concern
Chicago | Reuters – U.S. cattle and hog futures fell on Monday as cash beef and pork prices weakened and as accelerating coronavirus infection rates prompted tighter restrictions on restaurants and other food service outlets, threatening meat sales. Meanwhile, renewed tensions between the United States and China, after fresh U.S. sanctions on 14 Chinese officials, […] Read more
Flush with cash, Chinese hog producer builds world’s largest pig farm
China | Reuters – Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world – a risky investment with deadly African swine fever lingering. The new farm, which began construction in March and […] Read more
Ontario hog set-aside plan underway
AgriRecovery program taking applications through March
Ontario hog farmers can now apply for AgriRecovery toward feed costs for hogs held back from sale when certain pork packers went into COVID-19-induced slowdowns. Agricorp, the province’s ag program delivery agency, on Nov. 25 announced the Canada-Ontario COVID-19 2020 Hog Maintenance Feed Initiative, which started effective Nov. 6 and will run through to March […] Read more
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