Beijing | Reuters — China’s dwindling pace of meat imports, thanks to its tough measures against coronavirus contamination, will provide further support for prices already buoyed by a severe shortage of pork, analysts said. Purchases of pork and other meats have soared this year after domestic production shrank 30 per cent following an outbreak of […] Read more
China’s slower meat imports seen worsening its protein shortage
U.S. livestock: Live cattle jump to two-month high
Lean hogs up on bargain buying
Chicago | Reuters — U.S. live cattle futures on Monday reached a two-month high on follow-through buying from last week, while lean hog futures edged up on bargain buying, traders said. Cattle futures are extending a recovery after recently regaining a premium over cash prices, traders said. Technical buying helped support the futures market even […] Read more
Pork is profitable, but pigs are a money-loser in Alberta
Summer is when hog producers make their money — but this year, they’re losing big time, say officials
Reading Time: 6 minutes It’s an everyday act — but one that shows why hog producers in this province are getting near the end of their rope. An Alberta producer recently delivered 200 pigs to a packing plant and got paid $4,000 less than it cost to raise those animals. And then he had to disinfect his truck at […] Read more
U.S. senators question packers over exports to China during pandemic
USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices
Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such […] Read more
Hog sector hit hard by pandemic
Market weakness seen likely to push some farmers out of business
MarketsFarm — COVID-19 has hit the hog sector hard, with the double-edged sword of large supplies and reduced demand weighing heavily on the market. “The prospect of profitability at current forward prices and at current cash prices is nil… and there’s really no prospect of making anything this year,” said Tyler Fulton, director of risk […] Read more
Pork groups seek a new deal
Reading Time: < 1 minute Alberta Pork and its sister organization in Manitoba, Saskatchewan and B.C. are asking Maple Leaf Foods, Olymel and Donald’s Fine Foods to work with them on a new “value-sharing model” that boosts prices for producers. In a letter to the three large pork buyers, the farm groups say “the normal economic principles of supply and […] Read more
U.S. livestock: Lean hog futures down on large supplies
CME August cattle also close lower
Chicago | Reuters — U.S. lean hog futures extended a decline on Thursday under pressure from large supplies and rebounding pork production, analysts said. Traders expect meat packers to have ample hogs to slaughter after livestock backed up on farms when processing plants temporarily closed in April and May because of COVID-19 outbreaks among meatpacking […] Read more
China says it’s winning the battle against African swine fever
When processing returns to normal, Chinese demand — if it continues — could lift battered markets here
Reading Time: 3 minutes Chinese hog industry officials say the country is poised to put African swine fever behind it as early as next year. But a leading Canadian authority says that may be premature. The fatal pig disease devastated China’s hog herd — the world’s largest — reducing it by around half last year and prompting the government to […] Read more
U.S. livestock: Live cattle down as slaughter recovers, beef prices sag
Hog futures mostly up on technical buying
Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175 […] Read more
Pork packer considering Moose Jaw’s ex-beef plant
Donald's Fine Foods announces 'feasibility study'
A potential buyer’s study could soon show whether a former beef packing plant in southern Saskatchewan has the bones to support a pork processing operation for cull sows. Richmond, B.C.-based Donald’s Fine Foods, which since 2010 has operated the Thunder Creek Pork hog plant at Moose Jaw, announced last week it plans to run a […] Read more
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