Chicago | Reuters — U.S. hog futures sank by their daily trading limit to contract lows on Thursday under pressure from hefty supplies and fears about the spreading coronavirus outbreak. Cattle futures also hit multi-month lows. U.S. hog supplies are large after farmers expanded their herds to supply new processing plants. But traders are now […] Read more
U.S. livestock: Hogs limit down to contract lows
‘Weak positive’ PED turns up in Alberta sample
A “weak positive” finding of the porcine epidemic diarrhea (PED) virus from ongoing sampling in Alberta offers a warning that the hog disease may not have yet left the province alone. The chief provincial veterinarian’s office (OCPV) on Monday reported that the agriculture department’s lab in Edmonton on Jan. 22 found a weak PED positive […] Read more
U.S. livestock: Hogs firm, cattle mixed after limit-down moves
Chicago | Reuters — U.S. hog contacts firmed on Tuesday, edging off a 5-1/2-month low hit on Monday on a mild round of bargain buying. Cattle futures were mixed, with the most-active fed cattle contracts also bouncing slightly while live cattle futures weakened to the lowest since Oct. 21. Fears about the spread of a […] Read more
U.S. livestock: Cattle, hogs limit down on coronavirus fears
Chicago | Reuters –– U.S. hog and cattle contracts fell their daily trading limits on Monday, hitting multi-month lows on fears about the spread of a coronavirus in China. “If we thought China’s coronavirus was making the media rounds late last week, it’s a full-fledged media frenzy this morning,” INTL FCStone said in a note […] Read more
Rising protein demand expected in 2020
Canada able to serve both plant- and animal-based protein markets
MarketsFarm — Demand for plant- and animal-based proteins alike is likely to increase in the coming year. Since 2017, pea protein demand increased by about 13 per cent, Craig Klemmer, chief agriculture economist at Farm Credit Canada, said at Ag Days in Brandon, Man. Over the same time period, demand for canola protein increased by […] Read more
U.S. livestock: CME cattle sag on supply expectations
Chicago | Reuters — U.S. cattle futures weakened on Wednesday as traders prepared for a government report that is expected to confirm the nation’s supplies have expanded from a year ago. The U.S. Department of Agriculture will report on Friday that there were 11.948 million head of cattle on feed for slaughter as of Jan. […] Read more
U.S. livestock: Hogs, cattle ease amid uncertain Chinese demand
Chicago | Reuters — U.S. livestock futures came under pressure on Tuesday as traders waited for signs of increased Chinese demand after Beijing and Washington signed an initial trade deal last week. China pledged to increase purchases of U.S. agricultural products as part of the agreement, which is meant to reduce tensions after nearly two […] Read more
U.S. livestock: CME cattle, hogs firm on winter weather woes
Chicago | Reuters — Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about one per cent higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of livestock and complicate pork and beef plant operations, traders said. “We see some significant disruptions […] Read more
U.S. livestock: CME hogs slide on Phase One uncertainty
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell about 1.5 per cent on Thursday, joining a broad sell-off in agricultural futures that traders attributed to fund selling and uncertainty about the details of a U.S.-China trade agreement signed a day earlier. China agreed to increase purchases of U.S. […] Read more
U.S. livestock: Hogs firm in muted reaction to Phase One pact
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) inched higher on Wednesday as the United States and China signed a Phase One trade agreement that could lead to increased sales of U.S. meat to the world’s biggest pork consumer. However, gains in futures were muted by a lack of […] Read more
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