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
Canadian Pork Council names new top brass
Rene Roy elected as council's new chair
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
U.S. livestock: Lean hogs touch one-week lows in pullback from gains
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures fell to their lowest prices in more than a week on Thursday in a setback from recent rallies, traders said. Live cattle futures also ended lower after the February contract LCF3 set a new high. The hog and cattle markets were overbought and due for corrections, traders […] Read more
U.S. livestock: Supply concerns drive CME live cattle to new contract high
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher and reached a new contract high on Wednesday amid concerns about tightening U.S. supplies, brokers said. Strong recent gains have left the market technically overbought and due for a setback, brokers said. “We’ve had a nice rally here,” said Matt Wiegand, commodity broker […] Read more
U.S. livestock: Live cattle futures turn lower after setting contract highs
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures ended mostly lower on profit-taking on Tuesday as the market pulled back from contract highs, analysts said. The market consolidated after recent gains, though analysts said cash cattle prices are expected to strengthen this week. Most actively traded December live cattle LCZ2 ended 0.825 cent lower at […] Read more
A message from April Stewart, Country Guide's Associate Editor
