Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for A$1.45 billion (C$1.41 billion). The company will also buy food company Grupo Big Frango in Brazil for 430 million reais (C$192 million), stepping up the pace of acquisitions that have played […] Read more
JBS to buy Australia’s Primo for $1.4B
U.S. livestock: CME live cattle rise into USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Friday on positioning before this week’s cash prices and the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Most analysts expect Friday’s report to show cattle placements in October declined from last year. USDA will simultaneously issue […] Read more
U.S. livestock: CME hogs fall on profit-taking; live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower Thursday on profit-taking and fund selling that erased Wednesday’s gains, traders said. December closed down one cent per pound at 90.775 cents, and February 0.75 cent lower at 90.9 cents (all figures US$). Anticipation of weaker-trending cash and wholesale pork prices stirred bear spreads, […] Read more
U.S. livestock: CME hogs end higher after early losses pared
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Wednesday on short-covering and fund buying that trumped initial selling, traders said. December closed up 0.225 cent per pound at 91.775 cents, and February 0.525 cent higher at 91.65 cents. CME hogs rose despite lower cash hog and wholesale pork prices, partly due […] Read more
U.S. livestock: CME hogs slide with cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday, weighed by the drop in prices for slaughter-ready or cash hogs and pork at wholesale, traders said. December closed 1.45 cents per pound lower at 91.55 cents, and February down 1.5 cents at 91.125 cents (all figures US$). The morning’s average hog […] Read more
U.S. livestock: CME live cattle rise with beef quotes
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher Monday, helped by the morning’s strong wholesale beef values and last week’s record-high cash prices, traders said. Monday morning’s choice wholesale beef price jumped $2.03 per hundredweight (cwt) from Friday to $254.19 (all figures US$). Select climbed $1.53 to $239.82, the U.S. Department […] Read more
PED pops back up in southwestern Ontario
A farrow-to-finish hog operation in southwestern Ontario is home to the province’s 64th on-farm case of porcine epidemic diarrhea (PED), its first such case in almost four months. The farm, in Middlesex County, reported “clinical signs” of the PED virus (PEDv) and submitted samples for testing Monday. Laboratory confirmation was received Tuesday, Ontario Pork said […] Read more
U.S. livestock: Cash price expectations lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Friday while anticipating strong prices for market-ready or cash cattle this week, traders said. December closed 0.55 cents per pound higher at 170.2 cents, and February at 171.275 cents up 0.25 cents (all figures US$). Processors are buying cattle for next week, […] Read more
Second coronavirus tests come back negative for pig-handling facility
Pork producers warned to treat assembly yards, abattoirs and truck washes as potentially contaminated
Reading Time: < 1 minute Alberta Pork release – The Alberta pig-handling facility where swine delta coronavirus had been previously detected was retested on Nov. 3, with all tests coming back negative for both coronavirus and porcine epidemic diarrhea virus (PEDv). The facility had voluntarily suspended operations following the initial positive test, and has now resumed business. Surveillance testing of high-risk […] Read more
U.S. livestock: CME live cattle rise on cash price outlook
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher Thursday in anticipation of steady or better prices for slaughter-ready or cash cattle this week, traders said. December closed 2.175 cents per pound higher at 169.925 cents, and February at 171.025 cents/lb. up 1.45 cents (all figures US$). Packers may have to compete […] Read more
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