Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were stronger on Friday, finding some support from fresh details on the U.S. Department of Agriculture’s plans to deal with new world screwworm.
Pork
U.S. livestock: Cattle futures climb higher to end week
JBS sees US cattle cycle improving from late 2027
JBS turns Q2 profit despite challenging operating environment
Reading Time: < 1 minute U.S.-based beef-packers will continue to reel from low cattle availability for about three or four quarters, with gradual improvements of the U.S. cattle herd happening gradually from late 2027, meatpacking giant JBS said on Thursday.
Smithfield Foods raises annual profit forecast as hog business recovers
Reading Time: 2 minutes Smithfield Foods raised its annual operating profit forecast on Tuesday as its hog business rebounded from losses and the biggest U.S. pork processor said it resumed U.S. exports to China that had been crippled by tariffs.
World food prices at two-year high on rising meat and edible oils, FAO says
Reading Time: 2 minutes World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said.
U.S. livestock: Cattle futures climb as U.S. herd remains small
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures turned higher on Friday, as traders anticipated U.S. government reports would show tight cattle supplies. After the market closed, the U.S. Department of Agriculture reported that the nation’s cattle herd was 94.2 million head as of July 1, a record low for that date. In a separate report, USDA […] Read more
U.S. Republicans continue push to override California animal welfare law
Proposition 12 has potential to affect Canadian hog farmers who frequently sell into the U.S. market
Reading Time: 2 minutes U.S. Republicans are continuing years-long effort to override a California's Proposition 12, which bans the sale of pork from pigs kept in tightly confined spaces, arguing in a House Agriculture Committee hearing that the law is overly burdensome to farmers.
Canadian Pork Council meets with U.S. and Mexican counterparts
North American pork sector committed to food security, responsible production
Reading Time: < 1 minute Leaders of the North American pork sector reaffirmed their commitment to producing nutritious, sustainable and affordable pork at a recent trilateral meeting held in Niagara on the Lake, Ont.
Canada’s foreign affairs minister spoke with Chinese counterpart, federal government says
Reading Time: < 1 minute Canada's minister of foreign affairs spoke with her Chinese counterpart while in Malaysia last week, the federal government said.
U.S. livestock: Cattle futures climb, hogs fall
Reading Time: < 1 minute Chicago cattle futures rose to start the week while hogs fell back.
Maple Leaf Foods spin off approved
Shareholders voted in favour of Canada Packers Inc., which will cover the food company’s pork operations
Reading Time: 2 minutes Maple Leaf Foods shareholders approved with an overwhelming majority the food processing company's plan to spin off its pork operations to Canada Packers Inc.