Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ended higher on Friday as the market recovered after sliding to life-of-contract lows this week. The market was due for a bounce as losses were overdone, brokers said. “We’ve been on just about a complete downhill slide,” said Karl Setzer, brokerage research lead at Mid-Co […] Read more
U.S. livestock: CME hog futures recover after ‘complete downhill slide’
Olymel to shut two pork processing plants
Triomphe ham, deli meat plants to close in late April
Reading Time: 2 minutes Meat packer Olymel is set to close a chapter in its acquisition history when it shuts down two Montreal-area pork further-processing plants it bought five years ago. Olymel, a division of ag co-operative Sollio, announced Wednesday it will close the former Aliments Triomphe plant at Blainville and its sister plant about 18 km southeast at […] Read more
China’s 2022 pork output highest in eight years
Average hog weights remain relatively high
Reading Time: 2 minutes Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years […] Read more
Canadian Pork Council names new top brass
Rene Roy elected as council's new chair
Reading Time: 2 minutes A few weeks after hiring a new executive director, members of the Canadian Pork Council have also chosen their new board chair and first vice-chair. The council on Tuesday announced it had elected Rene Roy, a hog producer from St-Jules in Quebec’s Beauce region, as its new board chair, and Scott Peters, a producer from […] Read more
Olymel to exit lard business, shut plant
Packer's St. Hyacinthe facility to permanently close
Reading Time: 3 minutes Pork and poultry packer Olymel is set to close the further processing plant it operates in its home town in Quebec as it exits the lard production business. The company, an arm of ag co-operative Sollio, announced Thursday it will close its St. Jacques Street plant at St. Hyacinthe, Que. effective Feb. 10, affecting 107 […] Read more
Cybersecurity ‘incident’ hits Maple Leaf systems
Grocery firm Empire also dealing with IT grief
Reading Time: 2 minutes Some information technology (IT) systems at Canadian pork and poultry packer Maple Leaf Foods have been downed in what the company described Monday as a “cybersecurity incident.” The company said in a release Monday that it “took immediate action and engaged cybersecurity and recovery experts” when it learned of the problem, and its in-house and […] Read more
U.S. livestock: Lean hog, live cattle futures sag in technical moves
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures declined on Friday, with the benchmark December contract hitting a near three-week low in what appeared to be featureless technical selling, traders said. CME December hogs LHZ2 settled down 0.400 cent at 82.975 cents per lb after touching 82.825, the lowest since Oct. 17, and falling below […] Read more
U.S. livestock: Live cattle bounce from two-week low in most-active contract
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished higher on Thursday in the most-active contract, after shaking off a two-week low hit earlier in the session, traders said. Other contracts ended mixed, as the market took a breather following a recent rally in cash cattle prices, brokers said. Cash cattle on Thursday […] Read more
U.S. livestock: Cattle futures sag on long liquidation; cash trade awaited
Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures on the Chicago Mercantile Exchange closed lower in range-bound trade on Tuesday as speculators exited long positions amid a lack of supportive news, traders said. CME December live cattle LCZ2 settled down 0.525 cent at 151.950 cents per lb but stayed inside of Monday’s trading range. January feeder cattle FCF3 finished […] Read more
U.S. livestock: Lean hogs bounce back from steep losses
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures settled higher on Friday in a recovery from sharp losses recorded in the previous session, while live cattle futures weakened for a second consecutive day. December lean hog futures LHZ2 ended up 0.975 cent at 86.100 cents per lb. The contract bounced after sinking by 3.375 cents […] Read more
A message from April Stewart, Country Guide's Associate Editor
