Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle closed 1.350 cents […] Read more
U.S. livestock: CME live cattle, hog futures extends losses
U.S. livestock: Live cattle, hog futures stumble on profit-taking
Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 cents, and February […] Read more
U.S. livestock: Hogs surge on technical buying, cattle mostly higher
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures soared three per cent on Wednesday, rebounding on technical buying from the steep losses seen in the previous session, traders and analysts said. Cattle futures also were mostly higher, even as some contracts edged slightly lower after hitting one-month peaks. Higher prices for wholesale beef […] Read more
Maple Leaf profit jumps by over 70 per cent
Reuters — Meat processor Maple Leaf Foods on Wednesday reported a 70.4 per cent jump in quarterly profit as lower costs and higher prices boosted earnings at its prepared meats business. Maple Leaf said adjusted operating earnings in its meat products unit, the company’s primary source of income, more than doubled to $65.93 million in […] Read more
PED outbreaks slow, but still top of mind in Ontario
Swine Health Ontario dedicated its recent annual Big Bug Day to continuing toward the goal of eradicating porcine epidemic diarrhea (PED) from Ontario. Martin Misener, a vet and chair of the Ontario Swine Health Advisory Board, challenged the hog industry to not get complacent about stopping PED. Misener noted he had heard from people who […] Read more
Cull sows no longer stopped at U.S. border
Canada’s swine industry appears to have dodged what could have been an economic catastrophe with quick action on senecavirus A. In August this year, 13 Ontario animals were identified with lesions on their snouts or hooves at a processing plant in the U.S., triggering a memo from the U.S. Food Safety and Inspection Service to […] Read more
Pork packer HyLife to enter expansion mode
Manitoba hog slaughter and pork processing firm HyLife says it’s setting itself up for major expansions of its hog finishing and pork processing capacities. The company on Friday said “steady growth in demand” for its pork products overseas calls for an investment of up to $125 million in its integrated pork operations, to start “as […] Read more
Smithfield sees pork operations back to normal Monday
Wilmington, N.C. | Reuters — Smithfield Foods expects to resume full production on Monday at its North Carolina meat operations, including the world’s largest pork plant, more than a week after Hurricane Matthew struck the U.S. Southeast and triggered widespread flooding in the state. Operations will get back to normal at Smithfield’s four North Carolina […] Read more
Smithfield to shutter major hog plant against Matthew
Chicago | Reuters — Smithfield Foods will shutter its hog processing facility, the world’s largest, on Saturday to protect employees in North Carolina from Hurricane Matthew, industry sources said on Friday, as farmers braced for the storm’s potential lashing. Matthew has fueled concerns about the safety of livestock and farm workers along the coast from […] Read more
Olymel ham consolidation spurs more plant upgrades
Meat packer Olymel’s plans to consolidate its ham production work has led to a new round of plant upgrades. Olymel, the protein arm of Quebec agricultural co-operative La Coop federee, announced Wednesday it has budgeted $3 million in “redevelopment” work for its Beauce-region hog slaughter plant at Vallee-Jonction, about 60 km southeast of Quebec City. […] Read more
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