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Hogs

(PorcOlymel.com)
Hogs, Livestock

Olymel gets home province’s backing for plant upgrades

Quebec to invest $150 million in packer

By
Reading Time: 2 minutes Pork and poultry producer and packer Olymel has picked up equity investments from its home province to support a total of $315 million in plant upgrades. The Quebec government announced Tuesday it would invest $74 million in Olymel through its economy and innovation ministry’s Fonds pour la croissance des entreprises quebecois (FCEQ) plus $76 million […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets

Workers call strike at Olymel hog plant in Quebec

Producers urged to prioritize heavier hogs when shipping

By
Reading Time: 2 minutes Talks toward a new contract for unionized employees at meat packer Olymel’s hog slaughter and processing plant in Quebec’s Beauce region have ended in a strike. The Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN, which represents over 1,000 staff at Vallee-Jonction, about 60 km southeast of Quebec City, called an “indefinite” strike effective Wednesday morning, the union […] Read more
(JBSFoodCanada.ca)
Beef Cattle, Hogs, Livestock, Reuters

JBS profit bolstered by weak currency, strong Chinese and U.S. markets

China became third largest beef export market for JBS Canada, company says

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Reading Time: 2 minutes Sao Paulo | Reuters — Meat processor JBS SA’s fourth-quarter profit rose 65 per cent from a year earlier, boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s real currency, the company said in a securities filing on Wednesday. For full-year 2020 its profit was 4.6 billion reais, […] Read more
Photo: ARS/USDA
Hogs, Livestock, Markets

Hog market recovering from pandemic lows

China again a major driver of hog values

By
Reading Time: 2 minutes MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more
CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs follow broader commodities markets lower

"We were a little top heavy coming in"

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures posted steep losses in most contracts on Thursday as a broad-based commodities market selloff, led by sinking crude oil and a firmer U.S. dollar, weighed on prices. Fundamental factors for both cattle and hogs remained solid amid strong beef and pork exports and good […] Read more
CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on tightening hog supplies, strong pork demand

CME live cattle futures mixed

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly higher on Tuesday on lofty pork prices, tightening hog supplies and hopes for improved meat demand as economies begin to fully re-open after coronavirus pandemic shutdowns. Hog supplies have tightened following liquidation of the U.S. sow herd last year and some disease-related U.S. […] Read more
File photo of hogs in transit near Red Deer, Alta. (Stefonlinton/iStock/Getty Images)
Hogs, Livestock, Markets

Alberta hog farmers to get set-aside via AgriRecovery

Producers get funds for feeding held-back market hogs

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Reading Time: 3 minutes An AgriRecovery plan announced Friday is set to pay eligible Alberta farmers 95 cents per day per market-ready hog toward the animals’ upkeep during the shutdown of the province’s biggest hog slaughter plant. Olymel, the meat packing arm of Sollio Co-operative, reopened its plant at Red Deer this week after announcing Feb. 15 it would […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets

Olymel restarting hog slaughter at Red Deer

Work to resume at pork plant this week

By
Reading Time: 4 minutes Meat packer Olymel plans to restart slaughter operations Thursday at one of Canada’s largest hog plants following a major outbreak of COVID-19 among employees. Olymel, an arm of Sollio Co-operative, said late Wednesday it had recalled “employees that are needed to ensure that the gradual restarting of operations goes smoothly” at its Red Deer, Alta. […] Read more
(Shadowinternet/E+/Getty Images)
Hogs, Livestock

Canada’s active PED case count dwindling

Affected Manitoba farms now all presumptive-negative

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Reading Time: 2 minutes The number of active outbreaks of porcine epidemic diarrhea (PED) on hog farms in Canada has shrunk to a few in Eastern Canada, with affected sites elsewhere now believed negative for the disease. Manitoba Pork announced Wednesday that the last of the premises to report a PED outbreak in that province in 2020 has now […] Read more
File photo of hogs in transit near Red Deer, Alta. (Stefonlinton/iStock/Getty Images)
Hogs, Livestock, Markets, Reuters

Olymel shipping backlogged hogs to U.S.

Company-owned hogs to go south after COVID closes Red Deer plant

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Reading Time: 2 minutes Winnipeg | Reuters — Olymel said Friday it was shipping pigs to the United States to help clear a backlog of hogs after it had to temporarily close its Red Deer, Alta. slaughter plant because of a coronavirus outbreak. Olymel shut the plant on Wednesday and declared force majeure — unforeseeable circumstances that prevent contract […] Read more

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