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Hogs, Livestock, Markets, Reuters

China cancels U.S. pork import order as trade war drags on

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Reading Time: 2 minutes Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation came during the week ended […] Read more
U.S. livestock: Lean hogs up as swine fever fuels export hopes
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up as swine fever fuels export hopes

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) rose for a second day on Wednesday, supported by expectations of increased demand for U.S. pork as African swine fever spreads in China’s hog herd and elsewhere, traders said. “The African swine fever news and talk was everywhere today,” said Dennis […] Read more
(Dave Bedard photo)
Crops, Hogs, Markets, Reuters

New Trump aid plan for U.S. farmers to rely on direct payments

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Reading Time: 2 minutes Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture is still finalizing the plan, […] Read more
A customer dines at a Burger King outlet in Shanghai on June 27, 2005. (File photo: Reuters/Ming Ming)
Livestock, Markets, Reuters

Restaurant Brands to boost outlets by 54 per cent within 10 years

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Reading Time: 2 minutes Reuters — Restaurant Brands International said on Wednesday it plans to expand all three of its brands to more than 40,000 restaurants globally, a 54 per cent jump, over the next decade. Big fast food chains, including McDonald’s and KFC owner Yum Brands, have been aggressively expanding their international operations to counter slowing growth in […] Read more
(FCL.crs)
Livestock

Co-op Feeds to shut two Prairie plants, sell another

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Reading Time: 2 minutes In the face of “industry challenges,” Federated Co-operatives’ livestock feed manufacturing division plans to pull its operations from six plants down into three. Saskatoon-based Federated Co-op announced Monday it will consolidate its production of bulk and bagged cattle, horse, sheep and poultry feed into three of its existing plants, at Calgary, Saskatoon and Moosomin, Sask. […] Read more
CME June 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hog futures bounce, cattle end lower

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday in a technical rebound after Monday’s limit-down close, with firm cash hog values lending support, traders said. Technical traders were encouraged that the benchmark June hog contract was able to hold above Monday’s low, a supportive chart […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market continues to soften

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more
Lorne Dach (left) is the new agriculture and forestry critic in the Alberta New Democrats’ shadow cabinet. (AlbertaNDP.ca)
Livestock

West Edmonton MLA named Alberta ag critic

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Reading Time: < 1 minute An Edmonton Realtor turned provincial MLA is Alberta’s new official opposition critic for agriculture and forestry. Rachel Notley, leader of the province’s opposition New Democrats, on Monday announced her shadow cabinet and named Lorne Dach, MLA for Edmonton-McClung, as the party’s ag critic. Dach came to the legislature in the 2015 election with a political […] Read more
CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs limit down on trade war woes

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell the daily three-cent-per-pound limit on Monday as fears of a prolonged trade war between the U.S. and China triggered long liquidation, analysts said. China said it would impose higher tariffs on a range of U.S. goods, following Washington’s decision last […] Read more

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