Winnipeg/Beijing | Reuters — An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola […] Read more
Canadian farm exports hit new Chinese obstacles amid diplomatic dispute
China eyes U.S. poultry, pork imports in trade talks
Reuters — China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said. […] Read more
Swine fever in China poses risks, rewards for Canadian pork
MarketsFarm — Sharp losses in China’s hog herd due to African swine fever (ASF) are underpinning the North American pork market and could create export opportunities for Canada — if this country manages to stay disease-free. ASF does not affect humans, but the highly viral disease is nearly 100 per cent fatal for hogs with […] Read more
U.S. seizes pork from China on swine fever concerns
Washington | Reuters — U.S. border agents have seized around one million pounds of pork from China, a spokesman for the agency said on Friday, over suspicions that it might contain African swine flu disease which has hit Chinese pork output. Federal agents have seized the supplies over the past week in New York. “The […] Read more
U.S. livestock: Hog futures rally on improving export prospects
Chicago | Reuters — U.S. hog futures jumped 3.5 per cent on Thursday, supported by signs that exports could pick up due to rising Chinese demand, traders said. China bought 23,846 tonnes of U.S. pork last week, its biggest purchase in nearly two years, U.S. Department of Agriculture data showed on Thursday. Chinese hog prices […] Read more
U.S. livestock: Hogs recover on hopes for China trade talks
Chicago | Reuters — U.S. hog futures jumped on Thursday on increased optimism about the potential for progress in trade talks between Washington and Beijing. The top U.S. and Chinese trade negotiators resumed high-level negotiations to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to […] Read more
U.S. livestock: Hogs jump on hopes of pork exports to China
Chicago | Reuters –– U.S. lean hog futures jumped to a nearly two-week high on Wednesday on speculation that exports of U.S. pork to China will rise in the coming months, traders and analysts said. Representatives from the U.S. and China were negotiating to end the trade war between the world’s biggest economies that has […] Read more
U.S. livestock: Cattle climb on technical buying, demand optimism
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained about one per cent on Tuesday, lifted by technical buying and optimism for the continued robust demand for cattle and beef, traders and analysts said. Cattle futures shrugged off three straight sessions of declines to rise to the highest levels in about a week. […] Read more
U.S. livestock: Trade fears drag down CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures closed lower on Thursday, partly weakened by uncertainty over U.S. trade with China, traders said. China on Thursday urged the U.S. to make a “wise choice” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald […] Read more
U.S. livestock: CME hogs snap back on higher cash, wholesale pork prices
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Tuesday recovered from Monday’s selloff, helped by higher wholesale pork values and surging market-ready, or cash, hog prices, traders said. Fund buying and bargain hunting enhanced futures advances, they said. June hogs, which will expire on Thursday, closed up 0.375 cent/lb. at 80.525 cents (all […] Read more