Beijing | Reuters — China has shown shortcomings in some aspects of preventing African swine fever, and the situation remains complicated and severe, the country’s cabinet said Wednesday. The management of transporting live hogs is not strict enough, while there is insufficient capacity in testing for African swine fever virus in hog slaughtering, processing and […] Read more
China’s cabinet sees ‘shortcomings’ in bid to contain swine fever
U.S. livestock: CME live cattle jump on firmer cash trade
Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures settled higher on Friday and set a one-month top, buoyed by higher cash cattle trades in northern states including Nebraska and Iowa, traders said. The U.S. Department of Agriculture (USDA) confirmed that more than 22,000 head of cattle traded Wednesday in Nebraska, mostly from […] Read more
Canada proposes China meat export solution
Reuters — Canada offered a plan to reassure China about the security of its meat export system, a Canadian minister said on Wednesday, as Ottawa rejected Chinese criticism of its efforts to enlist allies to resolve a diplomatic dispute between the countries. China said last week it wanted the Canadian government to stop allowing meat […] Read more
U.S. livestock: CME lean hogs end down, live cattle up
Chicago | Reuters –– Chicago Mercantile Exchange (CME) lean hog futures closed lower on Wednesday on technical selling including profit-taking and long liquidation ahead of the U.S. Independence Day holiday, along with bearish supply fundamentals, traders said. CME’s benchmark August lean hogs contract ended down 0.6 cent at 78.375 cents/lb., turning lower after rising to […] Read more
U.S. livestock: Lean hogs up on trade hopes, falling corn prices
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Monday on a mix of technical buying, falling corn prices and muted optimism about the weekend resumption of U.S.-China trade negotiations, traders said. “Lean hog futures (received) support from hopes of more Chinese buying after weekend talks went well,” INTL FCStone chief […] Read more
U.S. livestock: Nearby lean hogs drop on continued herd expansion
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday, with nearby contracts pressured by plentiful supplies of hogs and pork and deferred months buoyed by signs of a slowing multi-year U.S. hog herd expansion, traders said. Actively traded nearby contracts posted steep declines after the U.S. Department of Agriculture […] Read more
U.S. livestock: Hogs up before USDA confirms herd expansion
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied on Thursday on short-covering and position squaring near the end of the month and quarter after prices hit multi-month lows earlier this week, traders said. Investors also squared bets ahead of the U.S. Department of Agriculture’s (USDA) quarterly hog and pig supply report, […] Read more
China’s shutout of Canadian meat scrambles global pork flow
Winnipeg | Reuters — China’s decision to block imports of Canadian meat has set off a global chain reaction in pork trading but it will do little to curb overall demand as a disease ravaging the Chinese hog herd elevates prices, industry experts say. China said on Tuesday it wants the Canadian government to temporarily […] Read more
Canada’s realized net farm income way down in 2018
Stagnant farm cash receipts against significant increases in feed, fuel and interest costs have led to Canada’s biggest decline in realized net farm income in over a decade. That’s according to Statistics Canada, which on Tuesday released full-year farm income data for 2018, pegging realized net farm income for the year at $3.9 billion, down […] Read more
Canada, U.S. plan trade zones for whenever swine fever hits
Federal officials in Canada and the U.S. have agreed on zone defense, so to speak, to allow safe trade of hogs and pork products if African swine fever should turn up in hogs in either country. Canada’s chief veterinary officer Dr. Jaspinder Komal and U.S. CVO Dr. Jack Shere said Wednesday the two countries have […] Read more
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