Reading Time: 2 minutes Canadian food processor Maple Leaf Foods is taking its recently-established sustainability cred to the bank. The Toronto food firm announced Wednesday it’s the first Canadian company to secure “sustainability-linked terms” for its credit facilities. Specifically, the company has picked up an unsecured committed revolving line of credit and two unsecured committed term facilities for a […] Read more
Maple Leaf lands ‘sustainability-linked’ credit
Strong foreign demand boosts North American hog markets
Reading Time: < 1 minute MarketsFarm — While the volume of hogs at North American slaughter markets have kept packing plants near capacity in recent weeks, strong foreign export demand has kept pork values high. “We expect pork values to move higher, due to the shortness of production in China,” said Brad Marceniuk, a Saskatchewan provincial livestock economist in Saskatoon. […] Read more
F. Menard’s pork industry assets cleared for sale
Reading Time: 2 minutes Antitrust regulators have cleared the path for La Coop federee to take up a significantly larger, vertically integrated share of its home province’s pork packing, feed milling and hog production sectors. The agribusiness co-operative announced Thursday its Olymel and Sollio Agriculture arms have “received the green light” from the federal Competition Bureau to buy the […] Read more
Brazil gets approval for 13 meatpacking plants for China exports
Reading Time: 2 minutes Sao Paulo | Brazil | Reuters – Chinese authorities approved new Brazilian meat exporting plants on Tuesday, according to the Brazilian agriculture ministry, a highly anticipated move as the two nations continue to strengthen trade ties. The approvals come as China seeks to increase meat imports to compensate for the death of around half of […] Read more
U.S. livestock: Lean hogs rally on technical buying, rising pork prices
Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures rose by as much as 3 percent on Tuesday on technical buying and short-covering, and as hopes for expanded pork exports to China more than offset pressure stemming from ample U.S. hog supplies, traders said. Rising pork prices and strong meatpacker margins gave the market further support […] Read more
U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices
Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more
China reshapes global meat markets as swine fever rages
Reading Time: 4 minutes London | Beijing | Reuters – China is scouring the world for meat to replace the millions of pigs killed by African swine fever (ASF), boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken. The European Union, the world’s second largest pork producer […] Read more
U.S. livestock: Hog futures rise on hopes for Chinese pork import tariff rollback
Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures closed mostly higher on Thursday on renewed hopes for accelerated U.S. pork sales to China after officials from both countries said an interim trade deal could include a phased rollback of tariffs. The hog market has been highly sensitive to any signs of easing trade tensions between […] Read more
China’s pork output to fall by at least 20 percent in 2019: FAO
Reading Time: < 1 minute Paris | Reuters – African swine fever (ASF) will cut pork output in China, the world’s largest producer, by at least 20 percent in 2019, the United Nations’ food agency said on Thursday, doubling the decline it had expected six months ago. The disease has slashed China’s hog herd since August 2018, pushing Chinese pork […] Read more
U.S. livestock: Lean hog futures retreat as interim China trade deal delayed
Reading Time: 2 minutes Chicago | Reuters – U.S. lean hog futures retreated on Wednesday, surrendering nearly all of the prior session’s strong gains on worries about U.S. pork exports to China after a senior White House official said a “phase one” trade deal with the world’s top pork consumer could be delayed. The delay followed news that Canada […] Read more
A message from April Stewart, Country Guide's Associate Editor
