Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed higher, fuelled by their discounts’ to initial cash prices prior to the U.S. Department of Agriculture’s cattle-on-feed report at 2 p.m. CT, traders said. Analysts expect Friday’s report to show the number of cattle placed in feedyards in March increased 0.8 per […] Read more
U.S. livestock: CME live cattle futures climb before USDA report
U.S. livestock: CME feeder cattle hit new high as corn prices slip
Reading Time: 2 minutes Chicago | Reuters — Back-month Chicago Mercantile Exchange feeder cattle futures on Thursday set new contract highs, sparked by weak corn prices that could help ease input costs for feedlots, traders said. Feeder cattle futures drew more support from buying in the neighbouring CME live cattle pit. May feeders gained more ground after breaking through […] Read more
U.S. livestock: Fund buying pushes CME hogs two per cent higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped two per cent on Wednesday, with some months up the three-cent limit, driven by fund buying after contracts punched through moving average levels, traders said. May hogs closed up 2.95 cents per pound at 123.975 (all figures US$). June and July ended up their three-cent […] Read more
U.S. livestock: Solid beef demand drives CME live cattle higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained, supported by short-covering sparked by strong demand for beef at wholesale, traders and analysts said. Tuesday morning’s wholesale choice beef price, or cutout, climbed $2.26 per hundredweight (cwt) from Monday to $231.32 (all figures US$). Select cuts rose $1.23 to $219.30, based […] Read more
U.S. livestock: Hog futures sink two per cent with sagging cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled two per cent on Monday, pressured by lower prices for market-ready or cash hogs, traders said. The morning’s average of hogs in the eastern Midwest dropped $1.02 per hundredweight (cwt) from Friday to $110.56, according to the U.S. Department of Agriculture (all figures US$). Hog […] Read more
Sask. sets up pre-emptive PEDv response fund
Reading Time: 2 minutes Saskatchewan and its hog industry are setting up a contingency fund against the day porcine epidemic diarrhea (PED) arrives in the province. The federal and Saskatchewan governments on Thursday announced $200,000, to be matched by industry association Sask Pork, to offset “costs related to disease containment strategies, welfare issues, enhanced marketing efforts and mortality management” […] Read more
Maple Leaf’s Hamilton wiener plant now closed
Reading Time: 2 minutes A wiener processing plant on Maple Leaf Foods’ list of six further-processing facilities tapped for closure in the company’s 2011 “value creation” plan has officially shut its doors. The Toronto meat processing company on Thursday announced its plant on Brockley Road in Hamilton has closed and its production — plus 88 per cent of the […] Read more
USDA to require reporting of PEDv, SDCV
Reading Time: 2 minutes Washington | Reuters –– In an expected move, the U.S. Department of Agriculture on Friday announced new measures to combat the spread of diseases such as porcine epidemic diarrhea (PED) in the U.S. pig population. While PED is not considered a reportable disease according to international standards, USDA will now require reporting of the PED […] Read more
U.S. livestock: CME hog futures climb, live cattle fall before holiday
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures on Thursday finished higher on fund buying and short-covering ahead of the Easter holiday, traders said. CME will be closed on Friday in observance of the Good Friday holiday. Some investors bought the May and June contracts in anticipation of a post-Easter uptrend in cash hog […] Read more
Que. flood concerns briefly shut Olymel pork plant
Reading Time: < 1 minute Quebec meat packing firm Olymel called off shifts Wednesday at its Beauce-region pork slaughter plant due to potential flood threats. Olymel, the meat processing arm of agrifood co-operative Coop Federee, said it decided to cancel Wednesday’s evening and night shifts at its plant at Vallee-Jonction, about 60 km south of Quebec City, due to concerns […] Read more
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