Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said.
Rival pork exporters could benefit from China-EU trade tensions
Olymel to idle multiple Prairie hog barns
Packer cites 'continued financial losses' in sector
Pork packer Olymel is preparing to dial back its hog production in Western Canada by shuttering six of its sow units in Alberta and Saskatchewan. Olymel, the agrifood arm of Quebec’s Sollio Cooperative Group, announced Friday it has served 80 employees with layoff notices at five sow units in Alberta and one in Saskatchewan. The […] Read more
China’s 2020 pork output higher than expected
Reported slowing of ASF-induced decline beats expectations
Beijing | Reuters — China’s pork output posted significant signals toward recovery last year after the sector was decimated by an incurable hog disease in 2019, official data showed Monday. China’s 2020 pork output fell 3.3 per cent from a year earlier, to 41.13 million tonnes, after plunging 21 per cent in 2019, the National […] Read more
Hog sector is grim, cattle is recovering
Cattle backlog is being cleared but hog producers are losing upwards of $50 on every pig they sell
Reading Time: 4 minutes The beef sector is regaining some optimism, but pork producers are still fighting to stay afloat. “Our producers are losing a lot of money,” said Darcy Fitzgerald, executive director of Alberta Pork. “It truly is, right now, related to COVID-19. The price that we’re seeing that they’re being paid, is related to what is going […] Read more
JBS predicts profits will be stronger this year
Sao Paulo | Reuters — JBS SA executives said Friday the Brazilian meat company will deliver higher earnings in 2019 on strong demand for beef in the U.S. and Australia as well as growing Chinese demand for various proteins. Still, first-quarter results will reflect lower cattle availability in the U.S. due to rains and a […] Read more
China’s pork imports seen doubling in 2019 on swine fever impact
Wuzhen, China | Reuters — China’s 2019 pork imports are set to double from last year to two million tonnes, a Rabobank analyst said on Thursday, as African swine fever hits production of the meat in the world’s top hog market. China has reported 113 outbreaks of the contagious disease since last August, though farmers […] Read more
Canada beats U.S. in pork sales to China – feet, elbows and all
Winnipeg/Chicago/Beijing | Reuters — Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada’s pork sales to China, after a sharp rise last year, exceeded those of the U.S. in the […] Read more
September record-large U.S. hog herd topped expectations
Reuters — The U.S. hog herd in the June-August quarter grew two per cent versus a year ago to a record high, according to Friday’s U.S. Department of Agriculture report, which surpassed average trade projections. Affordable feed, solid summer grilling demand and respectable U.S. pork exports encouraged farmers to grow their herds. Several producers ramped […] Read more
Weak loonie expected to support hog prices, but not yet
CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the current market. Influencers outside of currency markets are driving current cash prices lower — and cash prices are relatively depressed, according to Tyler Fulton, director […] Read more
Hog prices fighting for stability
CNS Canada — Canadian hog prices have been drifting slightly lower over the past few weeks but are showing signs of turning the corner, according to one industry expert in Saskatchewan. Brad Marceniuk, a provincial livestock development specialist in Saskatoon, said he expects prices to stabilize in the next couple of weeks as slaughter numbers […] Read more
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