Livestock
Chicago | Reuters — U.S. lean hog futures closed higher on Friday for a second session on follow-through buying after Thursday’s limit-up close and reminders of stepped-up Chinese demand for U.S. pork, traders said. Benchmark April lean hog futures on the Chicago Mercantile Exchange (CME) settled up 1.375 cents, at 66.25 cents/lb. (all figures US$). […] Read more
U.S. livestock: Hog futures advance for second day
Saputo to shut two dairy plants in East
Canadian dairy processing giant Saputo, in a move it describes as “right-sizing” its manufacturing footprint, plans to close two of its plants in Eastern Canada within a year. Montreal-based Saputo said Thursday it will close the former Riverside Cheese and Butter plant at Trenton, Ont. this September and its Baxter dairy plant at Saint John, […] Read more
Coronavirus disrupts China meat imports, food supplies
Swine fever has created pork shortage
Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to […] Read more
U.S. livestock: Hogs limit up on Tyson comment, short-covering
Cattle futures follow hogs higher
Chicago | Reuters — U.S. lean hog futures surged their daily three-cent limit on Thursday after comments from a Tyson Foods executive about pork demand from China ignited a wave of buying including short-covering, traders said. Tyson is competing with other global companies to supply meat to China, the world’s largest pork consumer, as an […] Read more
Wild pig problem in the spotlight at pork conference
The number of feral pigs is growing here and playing a key role in the African swine fever epidemic elsewhere
Reading Time: 4 minutes (Editor’s note: The following is an abridged and edited version of two articles. The full versions can be found at meristem.com by clicking on the 2020 Banff Pork Seminar link.) Two presentations at the 2020 Banff Pork Seminar highlighted the threat posed by wild boars. Ryan Brook, a University of Saskatchewan associate professor and wildlife […] Read more
Colombia cleared of foot-and-mouth
Country now aims to double meat exports
Bogota | Reuters — Colombia will look to double its meat exports now it has regained its status as a country free of foot-and-mouth disease, President Ivan Duque said on Thursday. Foot-and-mouth is a highly contagious viral disease found in animals and is one of the most serious to affect livestock, including cattle, sheep and […] Read more
U.S. livestock: Cattle, hogs slide on export concerns
Chicago | Reuters — U.S. hog and cattle futures fell on Wednesday on worries that the coronavirus outbreak would stall U.S. exports of pork and beef into China, traders said. Wall Street equity markets soared on reports that scientists were developing a vaccine for the deadly virus. But hog and cattle futures on the Chicago […] Read more
Ex-B.C. milk board CEO to head CDC
An ex-executive with the B.C. Milk Marketing Board and Monsanto Canada has been named to lead the Canadian Dairy Commission through 2021. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday named Bob Ingratta as the commission’s chairperson for a term ending Dec. 16, 2021, replacing Alistair Johnston. Ingratta, originally from Ontario, has degrees in botany and […] Read more
Klassen: Feeder market remains under pressure
Compared to last week, western Canadian feeder cattle prices were steady to $3 lower in Alberta while prices eroded by $2-$5 in Saskatchewan and Manitoba. Noticeable weakness was evident in yearling prices, while grass cattle experienced limited slippage. Backgrounding operators are starting to liquidate fall-placed calves. Quality was quite variable, with fleshier cattle experiencing sharper […] Read more
U.S. livestock: Lean hogs, live cattle end mostly lower
Trade awaits direction from cash cattle market
Chicago | Reuters — U.S. hog futures closed mostly lower on Tuesday on concerns about a heavy slaughter pace coupled with uncertainty about export demand from China, the world’s biggest pork consumer, traders said. The weak tone underscored fears that the coronavirus outbreak in China could reduce export demand for pork at a time of […] Read more
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