Chicago | Reuters — U.S. lean hog futures surged their daily three-cent limit on Thursday after comments from a Tyson Foods executive about pork demand from China ignited a wave of buying including short-covering, traders said. Tyson is competing with other global companies to supply meat to China, the world’s largest pork consumer, as an […] Read more
U.S. livestock: Hogs limit up on Tyson comment, short-covering
Cattle futures follow hogs higher
Aherne Prize winners announced
Reading Time: < 1 minute A low-stress restraint for pigs and a device to reduce pre-wean mortality were the co-winners of this year’s F. X. Aherne Prize for Innovative Pork Production presented earlier this month at the Banff Pork Seminar. The Hammock Swine Restraint Device was developed by Tess Faulkner and Gillian Greaves of South West Ontario Veterinary Services. It […] Read more
Chinese meat packing giant locks in JBS supply
The world’s biggest pork packer is poised to source additional beef, poultry and pork from the world’s biggest meat packing firm. Brazil’s JBS announced Monday it has signed a memorandum of understanding with Hong Kong-based WH Group for “supply and distribution of fresh beef, poultry and pork to the Chinese market” starting in the first […] Read more
U.S. livestock: Cattle set multi-month lows as virus fears hit markets
Chicago | Reuters — U.S. live and feeder cattle futures touched their lowest prices in months on Friday as traders booked profits amid fears about the spread of a new virus from China. Broad selling also hit hog futures, along with equities and crude oil as investors moved into safe-haven assets. Developments in the spread […] 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. farmers expected to get third and final tranche of trade aid
Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said he expected the federal government to pay farmers a third and final tranche of 2019 trade aid a day after an initial deal with China was signed, Bloomberg reported on Thursday. Washington and Beijing signed the Phase One pact on Wednesday, setting trade tensions between […] Read more
Trade deal will not affect China’s other ag suppliers, Liu says
Beijing | Reuters — China’s other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice-Premier Liu He said, according to a report from state-owned CCTV on Thursday. Liu was speaking on Wednesday at a press briefing after signing the Phase One trade […] Read more
‘Market condition’ caveat on U.S. ag purchases adds to Phase One doubts
Chicago | Reuters — China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase One trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over the lingering tariffs on U.S. exports. The agreement, meant to reduce tensions after nearly two years of a tit-for-tat tariff war, […] Read more
U.S. livestock: Lean hog futures rebound
Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday, bouncing a day after falling to a one-month low as traders adjusted positions ahead of Wednesday’s planned signing of a U.S.-China trade agreement, brokers said. “The choppy trade continues. There is clearly some nervousness associated with what is […] Read more
VIDO-InterVac joins swine fever fight
The University of Saskatchewan’s vaccine research and development arm is set to become Canada’s first non-government agency to work with the African swine fever virus. Saskatoon-based Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) will start work with the virus this month at its Containment Level 3-Agriculture (CL3-Ag) facility, the Canadian Food Inspection Agency said […] Read more
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