Reading Time: 2 minutes Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more
CME to raise hog futures trading limits as swine fever fuels volatility
New daily limit of 3.75 U.S. cents proposed for mid-April
Manitoba to pilot insurance program against hog disease risks
Pork council study backed with federal, provincial funds
Reading Time: 3 minutes “Private sector solutions” to manage financial risks caused by disease outbreaks on hog farms are on the drawing board in a new Manitoba-led pilot project that could go nationwide. Coming out of a Thursday morning meeting with hog producers in Winnipeg, federal Agriculture Minister Marie-Claude Bibeau announced $482,158 from the AgriRisk Initiatives (ARI) arm of […] Read more
North American hog markets wracked by coronavirus
Reading Time: 2 minutes MarketsFarm — Besides shutting down entire cities and killing more than 1,000 people, China’s novel coronavirus outbreak has wreaked havoc on North America’s hog futures. “It’s a dubious relationship, but it is impacting markets,” said Tyler Fulton, risk management director for Hams Marketing Services in Winnipeg. Lean hog futures moved “in concert with drops in […] Read more
‘Weak positive’ PED turns up in Alberta sample
Reading Time: 2 minutes A “weak positive” finding of the porcine epidemic diarrhea (PED) virus from ongoing sampling in Alberta offers a warning that the hog disease may not have yet left the province alone. The chief provincial veterinarian’s office (OCPV) on Monday reported that the agriculture department’s lab in Edmonton on Jan. 22 found a weak PED positive […] Read more
VIDO-InterVac joins swine fever fight
Reading Time: 2 minutes The University of Saskatchewan’s vaccine research and development arm is set to become Canada’s first non-government agency to work with the African swine fever virus. Saskatoon-based Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) will start work with the virus this month at its Containment Level 3-Agriculture (CL3-Ag) facility, the Canadian Food Inspection Agency said […] Read more
African swine fever spreads near German border
Reading Time: 2 minutes Paris | Reuters — Poland recorded 55 outbreaks of African swine fever in wild boar near the German border last month, the world animal health body said on Thursday, in a sign the deadly virus is spreading near one of the European Union’s biggest pork exporters. A report posted on the World Organization for Animal […] Read more
Amended CUSMA pact includes anti-COOL clause
Reading Time: 2 minutes The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North […] Read more
Vietnam’s pork imports more than double amid swine fever outbreak
Reading Time: < 1 minute Hanoi | Reuters — Vietnam’s pork imports during the first 11 months of this year more than doubled to 110,000 tonnes, the ministry of finance said on Thursday, as the country’s pig herd has been battered by an outbreak of African swine fever. Since the disease was first detected in February, it has spread to […] Read more
U.S. livestock: Hog futures slip ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters – U.S. hog futures eased back on Monday, ahead of a quarterly government report that is expected to show a healthy boost to the size of the U.S. hog herd, traders said. The U.S. Department of Agriculture’s quarterly Hogs and Pigs report is expected to show the herd increased 2.9 percent in […] Read more
Maple Leaf lands ‘sustainability-linked’ credit
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
A message from April Stewart, Country Guide's Associate Editor
