Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures declined on Wednesday for a second session as surging corn prices signaled rising feed costs and pressured feeder cattle futures, traders said. Chicago Mercantile Exchange (CME) February live cattle futures settled down 0.125 cent at 114.450 cents per pound, while CME March feeder cattle tumbled 1.475 cents […] Read more
U.S. livestock: Live cattle futures ease as corn prices soar, raising feed costs
U.S. livestock: Live cattle futures retreat as Wall Street dips, feed costs rise
Reading Time: < 1 minute Chicago | Reuters – U.S. cattle futures retreated on Tuesday after hitting a near three-month high in the previous session as rising feed costs and a downturn in equities markets triggered selling. Cattle futures have firmed in recent days as hopes for an economic stimulus deal in Washington overshadowed worries about restaurant closures and travel […] Read more
U.S. livestock: Cattle futures hit six-week high; hog futures ease after rally
Reading Time: < 1 minute Chicago | Reuters – U.S. cattle futures rose for the sixth time in seven sessions on Thursday, hitting a six-week high on signs of strength in the cash market, traders said. Hog futures eased after four straight days of gains pushed the front-month contract to its highest in nearly two months on Wednesday. Volumes were […] Read more
U.S. livestock: Hog futures rise to highest since late October; cattle firms
Reading Time: < 1 minute Chicago | Reuters – U.S. hog futures rose to their highest in nearly two months on Wednesday, supported by a round of technical buying and tight pork supplies. After the market closed on Tuesday, the U.S. government released a report that showed that domestic frozen pork belly stocks as of Nov. 30 stood at 23.111 […] Read more
U.S. livestock: Cattle futures drop on fund selling
Reading Time: < 1 minute Chicago | Reuters – U.S. cattle futures fell on Tuesday, with traders noting pressure from fund selling. Hog futures were slightly firmer as investors squared positions ahead of a key government supply report. Chicago Mercantile Exchange (CME) February live cattle futures dropped 1.2 cents to settle at 113.45 cents per pound. The contract found support […] Read more
Tyson fires seven managers after probe into COVID-19 wagering
Employees had been suspended following lawsuit
Reading Time: < 1 minute Reuters — Tyson Foods said Wednesday it had fired seven managers at an Iowa pork plant after investigating allegations that they took bets on how many employees would catch COVID-19. The independent investigation, led by former U.S. Attorney General Eric Holder, came in response to a lawsuit filed by the son of a worker at […] Read more
U.S. livestock: Cattle, hog futures fall as accelerating pandemic stirs demand concern
Reading Time: < 1 minute Chicago | Reuters – U.S. cattle and hog futures fell on Monday as cash beef and pork prices weakened and as accelerating coronavirus infection rates prompted tighter restrictions on restaurants and other food service outlets, threatening meat sales. Meanwhile, renewed tensions between the United States and China, after fresh U.S. sanctions on 14 Chinese officials, […] Read more
Flush with cash, Chinese hog producer builds world’s largest pig farm
Reading Time: 3 minutes China | Reuters – Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world – a risky investment with deadly African swine fever lingering. The new farm, which began construction in March and […] Read more
Ontario hog set-aside plan underway
AgriRecovery program taking applications through March
Reading Time: < 1 minute Ontario hog farmers can now apply for AgriRecovery toward feed costs for hogs held back from sale when certain pork packers went into COVID-19-induced slowdowns. Agricorp, the province’s ag program delivery agency, on Nov. 25 announced the Canada-Ontario COVID-19 2020 Hog Maintenance Feed Initiative, which started effective Nov. 6 and will run through to March […] Read more
Tyson suspends staff as suit alleges managers set up COVID pool
Reading Time: 2 minutes Chicago | Reuters — Tyson Foods said Thursday it suspended employees without pay and hired former U.S. attorney general Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19. The coronavirus pandemic has ravaged the […] Read more
A message from April Stewart, Country Guide's Associate Editor
