U.S. livestock: CME live cattle snaps back in anticipation of cash prices

Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle contracts rose on Friday, paring recent losses as investors pulled futures closer in line with expectations for cash prices later on Friday, traders said. April closed 0.900 cent per lb higher at 136.350 cents, and June ended up 0.850 cent to 126.475. “We’re just playing catch up to […] Read more

(Dave Bedard photo)

Maple Leaf profit beats as margins improve

Reading Time: < 1 minute Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

Coop Federee to offer Olymel stake

Reading Time: < 1 minute Reuters — Quebec-based La Coop Federee, one of Canada’s biggest farmer co-operatives, is offering for sale up to 49 per cent of pork processor Olymel, to help fund expansion in Western Canada, CEO Gaetan Desroches said in an interview. La Co-op would retain control of Olymel, which along with Maple Leaf Foods is one of […] Read more

(Gloria Solano-Aguilar photo courtesy ARS/USDA)

Pork market looks to improve by spring

Reading Time: < 1 minute CNS Canada — Canadian pork prices are feeling a modest bump upward as healthy U.S. exports clean up some excess North American pork supplies. Canadian slaughter-weight prices hit their lows in November and December — and since then, they have increased about 30 per cent, according to Brad Marceniuk, a livestock economist for Saskatchewan’s agriculture […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund buying boosts CME live cattle limit-up

Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled up by their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and fund buying, traders said. February and April ended at 132.95 cents and 132.125 cents/lb., respectively. Live cattle’s trading limit will be expanded to 4.5 cents on Wednesday. “There was no rationale […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle finish mostly weak

Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed weak on Thursday, after investors sold deferred months and bought February in anticipation of at least steady cash prices by Friday, traders said. Packers in Kansas and Texas on Thursday bid $138/cwt for market-ready, or cash, cattle, which matched last week’s sales, said […] Read more


(Photo courtesy ARS/USDA)

Georgia to accept Canadian breeding cattle, hogs

Reading Time: < 1 minute Canada may be able to move up to $2.5 million more in live breeding cattle and live breeding swine to the Black Sea region each year, with new market access to Georgia. The former Soviet country’s government will allow imports of Canadian breeding cattle and hogs effective immediately, Agriculture Minister Lawrence MacAulay and Trade Minister […] Read more

(National Pork Board (U.S.) photo via ARS/USDA)

India to accept Canadian pork

Reading Time: 2 minutes Canadian pork and pork products may now be exported to India under a new agreement for market access announced Friday. Canada, whose overall agrifood exports to India are mainly in pulse crops such as lentils and peas but also include oilseeds, canola oil, cereal grains, dairy goods, apples and cattle, expects to move $2 million […] Read more


(Cia.gov)

Korea finds hogs infected with foot-and-mouth

Reading Time: < 1 minute Seoul | Reuters –– South Korea has detected foot-and-mouth in a southwestern hog farm, the first such discovery in nine months and a blow to authorities pushing to contain the disease. The case involved a type of the disease that animals are inoculated against in South Korea, with all 670 hogs at the infected farm […] Read more

Motherland Monument, Kiev. (CIA.gov)

Packers approved to move beef, pork to Ukraine

Reading Time: 2 minutes Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more