Livestock
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
U.S. livestock: Hogs surge on technical buying, cattle mostly higher
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
U.S. livestock: CME live cattle leap to one-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle prices […] Read more
Bovine TB case probed in southeastern Alberta
About 30 farms in southeastern Alberta are under federal quarantine as federal and provincial officials try to track down cattle exposed to bovine tuberculosis (TB). The investigation follows a notice in late September from the U.S. Department of Agriculture that a cow from Alberta had tested positive for bovine TB at a U.S. slaughter plant. […] Read more
Klassen: Feeder market bounces off the lows
Western Canadian feeder cattle markets experienced a week-over-week gain of $5 to $8. Strength in live cattle futures, along with the weaker Canadian dollar, rejuvenated buying interest amongst feedlot operators across the Prairies. Alberta packers were buying fed cattle in the range of $222 to $227 on a dressed basis, which was also up $2 […] Read more
U.S. livestock: Lean hogs rise for third straight session
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday settled higher for a third consecutive session, with strength from buy stops and firmer wholesale pork values on the final trading day for the month, traders said. Most actively traded December lean hogs closed 1.15 cents/lb. higher at 47.95 cents (all figures US$). […] Read more
Price isn’t everything at the meat counter — being Canadian counts, too
About half of consumers say they check labels to ensure they’re buying meat of Canadian origin
Reading Time: 2 minutes Good news, Canadian livestock producers — your fellow citizens are willing to pay more for your meat. “Canadians buy Canadian to support local and Canadian farmers, support the local economy, and for freshness,” Barry Davis of Leger Marketing said at the recent FutureFare conference. His firm surveyed 1,609 meat shoppers and two-thirds said they had […] Read more
EU, Canada sign free trade deal but battle not over
Brussels | Reuters –– The European Union and Canada signed a free trade agreement on Sunday that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the coming years to enter fully into force. Canadian Prime Minister Justin Trudeau signed the treaty along with […] Read more