Meat packer Olymel plans to temporarily close its hog slaughter and pork processing plant at Red Deer, Alta., winding down that facility’s operations starting this week against a rapidly spreading COVID-19 outbreak among workers. The plant, one of Canada’s largest by slaughter capacity at over 45,000 hogs per week, has notified its hog suppliers and […] Read more
Olymel to close Red Deer hog plant against COVID-19
Hog deliveries suspended 'until further notice'
U.S. livestock: Cattle futures rally
Cold U.S. weather in focus
Chicago | Reuters — U.S. cattle futures rallied on Friday, supported by cold weather in the United States that was making it hard to put weight on animals. “Weather remains front and center for cattle producers, bitter cold temps will be with us through the weekend and also some sizable snow totals in the southeast […] Read more
U.S. livestock: Hogs rise to four-month high on supply woes
February live cattle down, April up
Chicago | Reuters — U.S. hog futures rose for the seventh time in eight sessions on Thursday, hitting a four-month high on concerns about tight supplies, traders said. “There are a lot of empty barns out here,” Don Roose, president of U.S. Commodities in West Des Moines, Iowa said. Live cattle futures were mixed, with […] Read more
U.S. livestock: Live cattle down on profit taking
Cash markets support CME lean hogs
Chicago | Reuters — U.S. live cattle futures dropped on a profit-taking setback on Wednesday, a day after rallying to their highest in nearly a year, but worries about a cold snap across production regions of the Plains kept declines in check. Hog futures rebounded after closing mixed on Tuesday as strong cash markets led […] Read more
U.S. livestock: CME lean hogs end mixed after five-session rally
Feeder cattle up on corn supply projection
Chicago | Reuters — U.S. lean hog futures ended mixed on Tuesday following five straight sessions of contract highs that triggered technical and speculative selling and profit taking in some futures months. The market, however, remained underpinned by strong cash hog prices, robust export demand and profitable pork packer margins, as well as Tuesday’s downturn […] Read more
U.S. livestock: CME lean hogs rise on China disease worries
Chicago | Reuters — U.S. lean hog futures rallied to new contract highs on Monday on rising concerns about the spread of a deadly pig disease in China, the world’s largest hog and pork market, and as wintry weather in the U.S. Midwest threatened to disrupt hog movement. The gains followed a surge in hog […] Read more
U.S. livestock: CME hogs touch contract high for fourth straight day
Live cattle up, feeder cattle retreat
Chicago | Reuters — U.S. lean hog futures extended their rally on Friday, setting a contract high for the fourth consecutive day on strong demand, while live cattle futures topped a one-year high. Traders predicted Chinese buyers will continue to snap up U.S. pork after the U.S. Department of Agriculture on Thursday reported export sales […] Read more
Former F. Menard hog plant upgrading for second shift
Olymel announces $9 million in renovations
Pork and poultry packer Olymel plans to dial up its pork output with a new evening shift at a Quebec hog plant it now owns in the province’s Monteregie. Olymel, the meat packing arm of Sollio Co-operative Group, said Friday it will invest $9 million in renovations at its slaughter, cutting and deboning plant at […] Read more
U.S. livestock: CME hogs touch contract high for third day
Cattle futures up with beef exports
Chicago | Reuters — U.S. lean hog futures climbed on Thursday, setting a contract high for the third consecutive day on firm Chinese demand, traders said. Weekly U.S. pork export sales to China, the world’s top pork consumer, reached a three-month high of 17,873 tonnes in the week ended Jan. 28, according to the U.S. […] Read more
Feed weekly outlook: Grain exports, prices rise
MarketsFarm — As more Canadian feed grains make their way overseas, especially into China, domestic buyers may need to pay more secure supplies from emptying bins over the next few months. “Anything extra we’re able to export is getting exported at this point,” Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta., […] Read more
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