Chicago | Reuters — Chicago Mercantile Exchange lean hogs posted their sixth straight higher settlement on Wednesday as prices for market-ready (cash) hogs edged upward, traders said. April futures closed 0.75 cent per pound higher at 69.325 cents, and May up 2.85 cents at 81.9 cents (all figures US$). Wednesday morning’s average cash hog price […] Read more
U.S. livestock: CME hogs post more gains on cash prices
Pork packers Olymel, Atrahan plan ‘partnership’
Meat packer Olymel has a “partnership” pact in hand with a competing Quebec pork player for joint operation of both companies’ hog slaughter and processing businesses. Olymel, the pork and poultry arm of La Coop federee, announced an agreement in principle Wednesday with family-owned packer Atrahan Transformation, to start talks on “pooling our operations in […] Read more
The future continues to look bright for pork producers
While it’s not entirely smooth sailing, the ‘optimistic sentiment’ in the industry is well founded, two experts told the Banff Pork Seminar
Reading Time: 3 minutes The animal welfare issue won’t derail a positive outlook for Canada’s pork industry, says an American agriculture economist. “There is a very optimistic sentiment today in the entire pork industry — I think we’re going to expand pork production throughout North America,” Glynn Tonsor of Kansas State University said at the recent 2015 Banff Pork […] Read more
U.S. livestock: CME hog futures rise again with cash prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hogs rose for a fifth session in a row on Tuesday, helped by short-covering in response to rising prices for market-ready (cash) hogs, traders said. April futures closed 0.25 cent per pound higher at 68.575 cents, and May up 0.8 cent, to 79.05 cents (all figures […] Read more
Getting new workers off to a good start pays off for hog operation
The cost of a trainer and a five-week employee orientation is far less than having to continually replace workers, says HyLife official
Reading Time: 2 minutes Anyone running a hog operation of any scale today knows the value of labour. Richard Taillefer, director of sow and nursery production for HyLife, a large hog production operation headquartered in La Broquerie, Man., told delegates at the recent Banff Pork Seminar in actual dollar terms how much employee retention means to their company. HyLife, […] Read more
U.S. livestock: CME hogs rally on cash prices, port dispute end
Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Monday on strong cash prices and the resumption of cargo loading following Friday’s West Coast port labour agreement, traders said. CME hogs drew more support from the dockworker deal because the U.S. exports more pork than beef and poultry. Monday morning’s average market-ready […] Read more
U.S. livestock: CME live cattle slump before USDA report
Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell Friday on lower cash prices before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show a sizable drop in the number of cattle placed into feedlots last month. This week, market-ready (cash) cattle in […] Read more
Love to eat eggs? U.S. panel now says they’re not a health risk
New York | Reuters — Egg and red meat lovers may find reason to rejoice in a decision by a U.S. advisory health panel to remove warnings about dietary cholesterol, saying that there is no link to dangerous levels of blood cholesterol that cause disease. The Dietary Guidelines Advisory Committee until now had recommended that […] Read more
U.S. livestock: Improved fundamentals extend CME hogs’ advances
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs gained for a second straight session on Thursday, helped by firmer cash and wholesale pork prices, traders said. April futures closed up 2.825 cents per pound at 67.05 cents, and May 2.325 cents higher at 76.725 cents (all figures US$). Thursday morning’s average market-ready (cash) hog […] Read more
U.S. pork production seen at record high in 2015, beef lower
Washington | Reuters –– U.S. meat and poultry production will rise to a record 95.13 million pounds in 2015, with gains in pork and poultry output more than offsetting a slight drop in beef production, the U.S. Department of Agriculture forecast on Thursday. Total U.S. pork production was seen up 5.5 per cent at 24.09 […] Read more