Chicago | Reuters – U.S. livestock futures were widely mixed on Thursday, with nearby live cattle and lean hog contracts hitting multi-week lows in bear-spreading as traders moved into deferred positions. Worries of weaker prices in cash markets for cattle and hogs further weighed on front-month contracts while the third of the five-day Standard & […] Read more
U.S. livestock: Cattle, hog futures mixed on spreading, cash declines
U.S. livestock: Live cattle futures slump 3rd straight session
Chicago | Reuters – Chicago Mercantile Exchange live cattle lost ground for a third day in a row on Wednesday, led by lower early-week cash prices, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index periodically sold, or “rolled,” December long positions mainly into deferred months. […] Read more
New Alberta rep on Canadian Pork Council
Reading Time: < 1 minute Dan Majeau is the new Alberta rep on the Canadian Pork Council, a federation of nine provincial pork industry associations representing 7,000 farms. Among the council’s priority issues are pushing Ottawa to take a leadership role in completing Trans-Pacific Partnership negotiations. The organization has also been working the Canadian Food Inspection Agency to resolve issues […] Read more
U.S. livestock: Cash price unease weakens CME live cattle futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle on Tuesday settled lower, pressured by sell stops and caution in advance of cash prices later this week, traders said. Funds involved in CME livestock futures that track the Standard & Poor’s Goldman Sachs Commodity Index sold, or “rolled,” December long positions mainly into February and […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle futures
Chicago | Reuters – Chicago Mercantile Exchange live cattle closed lower on Monday, hit by profit-taking after last week’s sharply higher cash prices drove some trading months up by their 3-cents per pound daily price limit on Friday. Funds “rolled” the December contract and simultaneously bought deferred ahead of similar moves on Tuesday. Tuesday is […] Read more
U.S. livestock: Live cattle futures retreat from 5-month high
Chicago | Reuters – Chicago Mercantile Exchange live cattle on Thursday settled lower, pressured by profit-taking after futures posted new highs for the contract and reached their highest level in almost five months, said traders. December futures led decliners after funds “rolled” that month and at the same time purchased deferred contracts ahead of similar […] Read more
Canada untangles pork label rule for EU export
A domestic technical obstacle has been cleared out of Canadian pork’s export path to the European Union, the Canadian Pork Council said Friday. The Canadian Food Inspection Agency last week made changes to its Manual of Procedures, which will allow pork packers to apply health mark labels after pork has been frozen, the council said. […] Read more
Maple Leaf Q3 profit beats on overall sales growth
Reuters — Maple Leaf Foods, one of Canada’s biggest pork processors, posted a quarterly profit that beat analysts’ estimates, helped by growth across all its businesses. The company, whose brands include Schneiders, Maple Leaf and, since March, Lightlife, said adjusted operating earnings rose to $65.15 million in the third quarter from $61.52 million a year […] Read more
Know an innovator in the pork sector?
Entry deadline for F.X. Aherne Prize is Oct. 31
Reading Time: < 1 minute There’s still time to nominate someone for the 2018 F.X. Aherne Prize for Innovative Pork Production. The award recognizes individuals who have developed either original solutions to pork production challenges or found creative uses for known technology. Innovations big or small, complex or simple in areas such as feeding, breeding, ventilation, disease control/prevention, transportation, animal […] Read more
Hog prices feeling weakness as new U.S. plants start up
CNS Canada — Canadian hog prices are feeling the effects of near record-high slaughter volumes in the U.S. During the week ended Sept. 30, over 2.5 million hogs were processed, up three per cent from the same week a year ago and the third largest kill on record over the last 30 years. According to […] Read more
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