Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished down sharply on Tuesday, pressured by preliminary sales of slaughter-ready or cash cattle at lower prices, traders said. August ended down the three-cents-per-pound daily price limit at 149.625 cents (all figures US$). October finished 2.775 cents lower, at 147.675 cents. On Tuesday morning, a […] Read more
U.S. livestock: CME live cattle fall sharply with initial cash prices
Russia’s sanctions no surprise for pork industry
Reading Time: 2 minutes CNS Canada — Russian sanctions implemented last week halting food imports from the U.S., Canada and the European Union have jarred Canada’s pork industry, which exports a large amount of product to Russia annually. “It’s quite a significant impact in terms of the disruption it creates,” said Martin Rice, executive director at the Canadian Pork […] Read more
U.S. livestock: CME live cattle turn higher on short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures on Monday closed higher on short-covering after last week’s heavy losses, traders said. August ended up 0.075 cent per pound at 152.625 cents, October 0.45 higher at 150.45 and December one cent higher at 151.25 cents (all figures US$). Futures made headway after settling […] Read more
Olymel seeking other markets for Russia-bound pork
Reading Time: 2 minutes Canadian meat packer Olymel plans to seek other buyers for pork which, until Thursday, was destined for the now-closed Russian market. Olymel, the meat processing arm of Quebec’s Coop Federee, produced frozen pork for export to Russia at its plants at Red Deer, Alta. and Vallee-Jonction, Que. Russia had been the second-largest pork market for […] Read more
Record-high pork values to cushion Russia’s sanctions
Reading Time: 3 minutes Russia’s retaliatory sanctions on Canadian agrifood, while disappointing from where Manitoba’s pork producers sit, aren’t expected to hurt the sector in the near term. Following a declaration from President Vladimir Putin on Wednesday, Russian Prime Minister Dmitry Medvedev on Thursday confirmed the government has “completely banned the importation” of beef, pork, fruit and vegetables, poultry, […] Read more
U.S. livestock: CME live, feeder cattle end limit-down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed down the maximum three cents per pound allowed under the daily price limit on Friday, pressured by steady to lower returns for unsold market-ready or cash cattle based on sales earlier in the week. On Friday, cash cattle in Texas moved at $160 […] Read more
U.S. livestock: CME live cattle slump with cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply on Thursday, pressured by lower prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas sold at $161 per hundredweight (cwt), down $1 from last week, feedlot sources said. They reported cash sales in Kansas of $160, $3 lower than a […] Read more
U.S. livestock: CME live cattle, hogs end firm after choppy session
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed firm, supported by their discounts to last week’s prices for market-ready or cash cattle, traders said. CME hogs also posted gains, helped by short-covering after brushing aside lower cash and wholesale prices, they said. The live cattle market chopped around throughout the […] Read more
Ukraine to block Canadian, U.S. hogs over PEDv
Reading Time: < 1 minute Geneva | Reuters — Ukraine has introduced emergency restrictions on the import of pigs from Canada, the U.S. and seven other countries, it said in documents filed at the World Trade Organization on Wednesday. Ukraine said porcine epidemic diarrhea (PED) had been identified in Canada, China, Columbia, the Dominican Republic, Japan, Mexico and the U.S., […] Read more
Zoetis plans vaccine against PEDv
Reading Time: 2 minutes Chicago | Reuters — Zoetis Inc., the world’s largest animal-health company, plans to seek U.S. approval before the end of this year to sell its vaccine against a virus that has killed about 13 per cent of the U.S. hog herd. If approved, the new drug would rival the only vaccine available so far. Zoetis, […] Read more
A message from April Stewart, Country Guide's Associate Editor
