Livestock
Reading Time: < 1 minute Alberta Beef Producers is hailing a new partnership between JBS Foods Canada and Kanematsu, “a well-respected and leading food-service/distribution company based in Japan.” JBS Foods Canada said the arrangement will see Kanematsu distribute products such as the premium beef Northern Gold brand and the Canadian Diamond Black Angus brand. The partnership is exciting and reflects […] Read more
Beef deal with Japanese distributor hailed
U.S. livestock: Cattle futures up on firm cash, export hopes
Lower supplies in cold storage support hogs
Chicago | Reuters — U.S. live and feeder cattle futures gained on Wednesday as strong export optimism supports production through the end of the year, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.5 cent higher at 107.875 cents/lb. (all figures US$). Market-ready cattle traded in the cash market at $107/cwt, up $1 […] Read more
Denmark to cull entire farmed mink population
Coronavirus mutation spreads to people
Copenhagen | Reuters — Denmark will cull its mink population of up to 17 million after a mutation of the coronavirus found in the animals spread to humans, the prime minister said on Wednesday. Health authorities found virus strains in humans and in mink which showed decreased sensitivity against antibodies, potentially lowering the efficacy of […] Read more
Swine flu strain makes first jump to person in Canada
Alberta reports 'one isolated case' in central region
Further risk to people is believed to be low after a person in central Alberta was confirmed to have caught a variant of H1N2 swine flu, in the first case of its kind in Canada. The virus was spotted in mid-October after a patient sought medical care with “influenza-like symptoms,” provincial chief medical officer Dr. […] Read more
U.S. livestock: Cattle futures trim back on election uncertainty
Pork fundamentals still bearish on hogs
Chicago | Reuters — U.S. live and feeder cattle futures fell on Tuesday in a round of profit-taking ahead of an uncertain U.S. presidential election, analysts said. Chicago Mercantile Exchange December live cattle futures settled 0.725 cent lower at 107.825 cents/lb., after rising in each the last five sessions (all figures US$). CME feeder cattle […] Read more
Klassen: Feeder market remains under pressure
Pre-election commodity trading in 'risk-off' mode
Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more
U.S. livestock: Live cattle up with wholesale beef prices
Chicago | Reuters — U.S. live cattle futures inched higher on Monday as rising wholesale beef prices buoyed the market in light-volume trade, analysts said. Chicago Mercantile Exchange December live cattle futures settled up 0.25 cent at 108.55 cents/lb. (all figures US$). “That’s still the underlying factor — (cattle) weights are not as big as […] Read more
Quebec poultry packer to shut ex-Maple Leaf plant
Giannone to close Drummondville facility
The new owner of an antibiotic-free poultry processing plant in the Centre-du-Quebec region is set to shut the plant next week after a “thorough review” of its condition. Volaille Giannone announced Friday it will close the former Avicomax plant at Drummondville effective Nov. 6, after having bought it from Maple Leaf Foods in July for […] Read more
U.S. livestock: Live cattle edge higher in subdued trade
Chicago hogs end mixed
Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern […] Read more
JBS to seek damages from founders
Brazil shareholder vote a win for Brazil's BNDES
Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more
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