GFM Network News


(JBSFoodCanada.ca)

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

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

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

Hog market recovering from pandemic lows

China again a major driver of hog values

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)

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

"We were a little top heavy coming in"

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)

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

CME live cattle futures mixed

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)

Alberta hog farmers to get set-aside via AgriRecovery

Producers get funds for feeding held-back market hogs

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)

Olymel restarting hog slaughter at Red Deer

Work to resume at pork plant this week

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)

Canada’s active PED case count dwindling

Affected Manitoba farms now all presumptive-negative

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)

Olymel shipping backlogged hogs to U.S.

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

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


(Olymel video screengrab via YouTube)

Olymel to close Red Deer hog plant against COVID-19

Hog deliveries suspended 'until further notice'

Reading Time: 2 minutes Meat packer Olymel plans to temporarily close its hog slaughter and pork processing plant at Red Deer, Alta., winding down that facility’s operations starting this week against a rapidly spreading COVID-19 outbreak among workers. The plant, one of Canada’s largest by slaughter capacity at over 45,000 hogs per week, has notified its hog suppliers and […] Read more

(PorcOlymel.com)

Former F. Menard hog plant upgrading for second shift

Olymel announces $9 million in renovations

Reading Time: 2 minutes Pork and poultry packer Olymel plans to dial up its pork output with a new evening shift at a Quebec hog plant it now owns in the province’s Monteregie. Olymel, the meat packing arm of Sollio Co-operative Group, said Friday it will invest $9 million in renovations at its slaughter, cutting and deboning plant at […] Read more