Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog contracts closed higher on Thursday on short-covering and futures’ discount to CME’s hog index at US109.25 cents. October and December ended 1.125 cents higher at 93.625 and 87.55 cents per pound, respectively (all figures US$). CME hogs had a relative strength index (RSI) of 15. A RSI […] Read more
U.S. livestock: CME hogs turn higher on short-covering
U.S. livestock: CME hogs slide with cash, pork prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures on Wednesday posted losses for a second straight day, pressured by eroding cash hog and wholesale prices. October ended down 2.325 cents at 92.5 cents per pound, and December at 86.425 cents, 2.2 lower (all figures US$). Wednesday afternoon’s average price of hogs in Iowa/Minnesota slumped […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, weighed down by profit-taking that pared morning gains and snapped the market’s three-day winning streak. August live cattle ended 1.1 cents per pound lower at 150.5, and October down 1.325 cents at 147.225 cents (all figures US$). CME live cattle spiked […] Read more
Maple Leaf names ‘animal wellness’ chief
Reading Time: 2 minutes Canadian processing giant Maple Leaf Foods has gone to Ontario’s pork sector for the person to spearhead the setup of its “comprehensive animal wellness program.” The Toronto meat and processing company on Monday named Dr. Stephanie Cottee, a former provincial programs advisor with the Ontario provincial pork board, as its new “leader, animal wellness.” While at […] Read more
Tyson looks for other pork export markets after China ban
Reading Time: 2 minutes Chicago | Reuters — Tyson Foods plans to find other export markets for its pork products after a recent delivery to China triggered an export ban of half its U.S. hog slaughterhouses, the company told Reuters Friday. The U.S. Agriculture Department announced earlier this week that China was barring future pork imports from six U.S […] Read more
U.S. livestock: Short-covering extends CME live cattle gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday, with gains fuelled by short-covering following deep market losses earlier in the week, traders said. August live cattle ended 0.6 cent per pound higher at 150.6, and October was up 0.4 cent at 147.75 cents (all […] Read more
U.S. livestock: CME live cattle jump on short-covering
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday on short-covering following recent heavy market losses, traders said. August live cattle ended 1.775 cents per pound higher at 150 cents, and October up 0.8 cent to 147.35 cents (all figures US$). CME live cattle chopped around during most of the […] Read more
Ex-CFIA doc pleads guilty over stray brucellosis
Reading Time: 3 minutes Canada’s first chance to prosecute a breach of its laws against traffic in dangerous pathogens has ended in a guilty plea from a previously well-regarded researcher over stray vials of brucellosis-causing bacteria. Dr. Klaus Nielsen, who had worked at the Canadian Food Inspection Agency’s Fallowfield lab southwest of Ottawa, was first arrested in October 2012 on […] Read more
U.S. livestock: CME live cattle close lower with beef prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses on Wednesday after packers cut the cost of beef at wholesale markets to stir retail buying ahead of the Labour Day holiday, traders said. August live cattle ended 1.4 cents per pound lower at 148.225, and October closed down 1.125 cents at 146.55 […] Read more
China halts some U.S. pork imports over feed additive use
Reading Time: 2 minutes Chicago | Reuters –– China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said Tuesday. China currently requires third-party verification that U.S. pork shipped to […] Read more
A message from April Stewart, Country Guide's Associate Editor
