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Livestock Livestock

CME April 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures hit 17-1/2-year low

Cattle also sink as virus measures disrupt markets

By
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures fell on Friday to the lowest point since late 2002 on tumbling pork prices and slowing slaughter rates as measures to control the COVID-19 coronavirus pandemic shuttered schools and restaurants and sent U.S. unemployment rates soaring. Cattle futures also dropped as wholesale beef and cash feedlot cattle prices […] Read more
File photo of hogs in transit near Red Deer, Alta. (Stefonlinton/iStock/Getty Images)
Hogs, Livestock, Markets

Canada’s pork sector up to speed, aware of challenges

Processing plants enhancing biosecurity; producers being urged to watch their stress levels

By
Reading Time: 2 minutes They’re adding protective plexiglass shields, bringing in trailers to separate groups of workers, and boosting communication on biosecurity. It’s all part of an ongoing effort to ensure pork processing plants aren’t disrupted by COVID-19. “I’m very impressed by our packers, and for the workers for coming to work every day and being there and realizing […] Read more
(Dave Bedard photo)
Dairy Cattle, Livestock

Pandemic planning leads to staff cuts at Agropur

Dairy co-operative enters 'business continuity' mode

By
Reading Time: 2 minutes Dairy co-operative Agropur’s “business continuity” plan against the COVID-19 pandemic calls for job cuts and layoffs for about three per cent of its total workforce. Longueuil, Que.-based Agropur announced Thursday it will eliminate 60 positions and temporarily lay off another 200 employees, all from its Canadian operations. In the “unprecedented context” of COVID-19, Agropur said […] Read more
CME April 2020 lean hogs, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop to 3-1/2 year low

Cattle also limit down on coronavirus pandemic

By
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures dropped to a 3-1/2 year low on Thursday while cattle tumbled as recession concerns and surging U.S. unemployment due to the coronavirus pandemic triggered broad liquidation across the battered livestock markets. Both live and feeder cattle and lean hogs dropped by their daily trading limits for a second […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock

Alberta’s provincial meat inspectors to train for federal duty

Provincial inspectors to be seconded to CFIA-inspected packers

By
Reading Time: 2 minutes Provincial meat inspectors in Alberta could soon be seconded to federally inspected packing plants under a new work-sharing arrangement between the province and Canadian Food Inspection Agency. The federal and Alberta governments announced Wednesday they would partner to “increase food inspector capacity” in the province and thus “ensure the continuous operation of Alberta’s food supply […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs limit down on coronavirus fears

Market has to 'reevaluate' supply/demand picture

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Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures on the Chicago Mercantile Exchange (CME) plunged by their daily trading limits on Wednesday as stricter coronavirus emergency measures hammered stock markets and deepened worries about a global recession. Live cattle futures dropped for the fourth time in five sessions, erasing all of the prior session’s gains, while […] Read more
After a decade in agriculture, these new farmers weigh in
Dairy Cattle, Guide Business

After a decade in agriculture, these new farmers weigh in

Having completed their first decade, Adam and Amy Petherick, with son Lucas, take stock. They’ve met hopes, challenges, successes. What’s next?

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Reading Time: 11 minutes About 2010, the tide turned. Or, the tides, with an “s.” Agriculture had finally left the gruelling 1990s behind, leading to an uptick in twenty-somethings with a realistic shot of making it on the farm. But it was also clear that this new generation was never going to start their careers the way their parents […] Read more
(Lovelyshot/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

U.S. senators scrutinize meat packers’ profits during pandemic

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Reading Time: 2 minutes Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on […] Read more
East coast ag has plenty of room for more
Crops, Guide Business, Livestock

East coast ag has plenty of room for more

Opportunities are growing on Canada’s east coast, based on affordable land and some pretty sharp farm business concepts

By
Reading Time: 8 minutes The agri-food industry has been losing farmers for decades, yet that doesn’t distract most producers from doing the job they do, in spite of what federal Census of Agriculture numbers indicate. The fact is agriculture continues to drive excellence in quality, in volume and in encouraging investment in infrastructure and technology, even if the number […] Read more

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