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
Pork market looks to improve by spring
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
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
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
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
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
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
Weak loonie expected to support hog prices, but not yet
Reading Time: < 1 minute CNS Canada — A weak loonie could improve the profit margin of Canadian pork producers by summer, according to one analyst, but its effects have been little seen in the current market. Influencers outside of currency markets are driving current cash prices lower — and cash prices are relatively depressed, according to Tyler Fulton, director […] Read more
U.S. livestock: Feeder cattle rise on cash gains, wintry weather
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures rose on Monday, reversing earlier declines and extending steep gains of recent days as wintry weather hampered animal weight gains and feed prices tumbled, traders and analysts said. Live cattle futures steadied after falling sharply early in the session at the Chicago Mercantile Exchange, as big declines […] Read more
U.S. livestock: Cash price spike drives CME live cattle higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished well into positive territory on Wednesday, led by the steep climb in prices for cash cattle, traders said. Spot December, which will expire on Thursday, closed 2.8 cents/lb. higher at 133 cents, and February ended 1.2 cents higher at 136.7 (all figures US$). “Today […] Read more
A message from April Stewart, Country Guide's Associate Editor
