Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more
U.S. livestock: Strong cash prices reverse CME hogs’ losses
Mexico hits back on U.S. steel, slaps tariffs on pork, bourbon
Mexico City | Reuters — Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on U.S. steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the […] Read more
Pork supply issues hit Maple Leaf’s Q1 ledger
Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more
U.S. livestock: CME live cattle stumble on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Friday after profit-taking and fund liquidation gave back some of the market’s gains over the past two days, said traders. U.S. stocks’ plunge over trade war fears unnerved CME livestock investors still digesting Monday’s Chinese tariff hike on U.S. pork, with similar plans […] Read more
U.S. livestock: CME live cattle hit two-month low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday for a third straight session, pressured by fund-driven long liquidation and expectations of rising supplies ahead based on the U.S. Department of Agriculture’s most recent monthly cattle report, traders said. Declines on Wall Street added to bearish sentiment. The S+P and Nasdaq […] Read more
Loose housing improvement for sows wins Aherne prize
Reading Time: < 1 minute An isolation crate developed for an Alberta sow farm is one of two winners of this year’s F. X. Aherne Prize for Innovative Pork Production. The prize, named in honour of the late Frank Aherne, a professor of swine nutrition at the University of Alberta, is awarded for innovative solutions to production challenges. Sunterra Farms […] Read more
Canadian pork cleared for Argentina
Argentina is now ready to import Canadian pork for the first time in about 15 years, federal officials report. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Francois-Philippe Champagne announced Wednesday that access to the Argentinian market has been restored for Canadian pork effective “immediately.” Canadian pork processors had started shipping to Argentina in 1998, […] Read more
Russia to restrict Brazilian pork, beef imports from Dec. 1
Moscow/Brasilia | Reuters – Russia will place temporary restrictions on imports of pork and beef products from Brazil from Dec. 1, the country’s agricultural safety watchdog Rosselkhoznadzor said on Monday. Russia said last week it was considering a ban on all pork and beef imports from Brazil after finding the feed additive ractopamine in some […] Read more
Banff Pork Seminar offers ‘powerhouse program’
Reading Time: < 1 minute The 47th Banff Pork Seminar from Jan. 9 to 11 at the Banff Springs Hotel will once again have a “powerhouse program,” says co-chair, Dr. Ruurd Zijlstra of the University of Alberta. It will feature “innovation, latest technology, challenging thinking on the big issues of the day combined with production information that producers can implement […] Read more
New Alberta rep on Canadian Pork Council
Reading Time: < 1 minute Dan Majeau is the new Alberta rep on the Canadian Pork Council, a federation of nine provincial pork industry associations representing 7,000 farms. Among the council’s priority issues are pushing Ottawa to take a leadership role in completing Trans-Pacific Partnership negotiations. The organization has also been working the Canadian Food Inspection Agency to resolve issues […] Read more
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