Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed lower on Monday for a third straight session as plentiful U.S. hog and pork supplies continued to weigh on the market, analysts said. CME’s most-active August lean hogs contract ended down 0.975 cent at 76.075 cents/lb. after dipping to 75.575 cents, its lowest […] Read more
U.S. livestock: CME lean hogs down on ample supplies
PigTrace tag price going up
Hog producers will have to pay more for traceability in the near future. Canada’s PigTrace program will be raising ear tag prices as of Aug. 1. Prices will go up 20 cents for every small ear tag and 35 cents for every large ear tag, a release from the Manitoba Pork Council said. The Manitoba […] Read more
Canada, EU agree to swine fever zoning rules
Canada and Europe have agreed to new zoning arrangements in a case of African swine fever outbreak, but it’s not clear what will actually change. The agreement, which Agriculture Minister Marie-Claude Bibeau announced Wednesday. would allow for safe trade of swine products from disease-free zones if a case of ASF is found. Zoning principles applying […] Read more
China’s cabinet sees ‘shortcomings’ in bid to contain swine fever
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 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
U.S. livestock: Lean hogs tumble for third straight session
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply for a third straight session on Monday in a technical and fund- selling drop fueled by ample supplies of hogs and pork. Actively traded nearby contracts shed more than four per cent, with losses over the past three sessions topping 10 per […] Read more
China to suspend pork imports from Quebec processor
Beijing | Reuters — China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute with Canada. The firm in question is Frigo Royal, the agency said on its Wechat account. Ractopamine […] Read more
U.S. livestock: CME lean hogs, live cattle firm on bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose about two per cent on Monday on bargain buying after multi-month lows, but a large U.S. hog supply hung over the market, capping the rally, traders said. CME July lean hog futures ended up 1.7 cents at 83.05 cents/lb. after dipping to 80.525 cents, […] Read more
U.S. livestock: CME live cattle futures end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell Thursday for a second straight session, pressured by technical selling and expectations of ample U.S. summertime supplies of cattle and beef, traders said. “We’re still just in the middle of June, and we know we have a big supply coming in,” said Scott Varilek, […] Read more
U.S. livestock: Cattle, hog futures sag under pressure from big supplies
Chicago | Reuters — U.S. livestock futures weakened on Wednesday under pressure from large numbers of cattle and hogs and uncertainty over demand, traders said. Declines in the markets reflected expectations that meat supplies will remain plentiful, after farmers expanded their herds. Beef production in the third quarter of 2019 is expected to top seven […] Read more
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