CNS Canada –– Canadian pork producers should see higher returns for their product in the spring of 2018, but whether those prices last may determine how successful Canada is at tapping new markets. According to U.S. Department of Agriculture supply estimates, weekly U.S. hog slaughter numbers over the past two months have averaged 2.369 million […] Read more
Pork exports key in 2018 as U.S. slaughter ramps up
U.S. livestock: CME cattle drop daily limit on lower cash market sales
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell sharply on Friday and hit daily trading limits on weaker cash market prices and easing concerns that frigid weather in feedlot areas could disrupt marketings. Fund selling, or “rolling,” of lead-month positions into deferred months ahead of similar moves early next week added pressure. […] Read more
U.S. livestock: CME cattle dip on mild Plains outlook, East Coast snow
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures turned lower on Thursday in a technical selling and profit-taking setback and on concerns of a slowdown in beef demand in the storm-hit eastern United States, traders said. A winter storm continued its march up the U.S. East Coast on Thursday, with blizzard warnings from […] Read more
U.S. livestock: Hogs turn up on cash, wholesale pork prices
Chicago | Reuters – Chicago Mercantile Exchange lean hogs finished higher on Wednesday after stronger cash and wholesale pork prices pared some of Tuesday’s losses, said traders. Funds periodically sold, or “rolled,” lead-month positions into deferred months ahead of similar moves early next week. Monday will be the first of five days that funds in […] Read more
U.S. livestock: CME cattle rally on higher cash, beef prices
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rallied about 1.5 percent on Tuesday on fund buying and stronger cash cattle and beef prices, traders said. Frigid temperatures in U.S. Plains cattle producing areas also supported futures as such weather could slow down cattle weight gains, making them less available to packers. Actively […] Read more
China to accept Canadian chilled beef, pork in pilot project
Exporters of Canadian beef and pork are set to get expanded access to the “massive” Chinese market through a new bilateral pilot project. Prime Minister Justin Trudeau and Chinese Premier Li Keqiang on Monday announced a series of joint initiatives and agreements in several fields including “a pilot project for the export of Canadian chilled […] Read more
HyLife co-founder Paul Vielfaure, 59
Funeral arrangements are pending for one of the founding brothers behind Prairie hog production and pork processing firm HyLife. Paul Vielfaure died suddenly Nov. 23 at age 59, his family reported in a brief obituary in Winnipeg and Steinbach newspapers this week. Radio-Canada reported Tuesday that Vielfaure had died in Phoenix, Arizona. While Vielfaure was […] Read more
Canadian pork cleared for Argentina
Argentina is now ready to import Canadian pork for the first time in about 15 years, federal officials report. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Francois-Philippe Champagne announced Wednesday that access to the Argentinian market has been restored for Canadian pork effective “immediately.” Canadian pork processors had started shipping to Argentina in 1998, […] Read more
Russia to restrict Brazilian pork, beef imports from Dec. 1
Moscow/Brasilia | Reuters – Russia will place temporary restrictions on imports of pork and beef products from Brazil from Dec. 1, the country’s agricultural safety watchdog Rosselkhoznadzor said on Monday. Russia said last week it was considering a ban on all pork and beef imports from Brazil after finding the feed additive ractopamine in some […] Read more
U.S. livestock: Fund selloff sinks CME live cattle to 4-month low
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell to their lowest level in four months on Monday, hit by fund selling and Friday’s bearish U.S. government cattle report, traders said. Last Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report showed ranchers in October placed the highest number of cattle in feed lots […] Read more
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