Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures tumbled on Thursday on worries about demand for beef and pork as soaring coronavirus infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home. Investors also fear a repeat of the livestock processing disruptions seen in the […] Read more
U.S. livestock: Cattle, hog futures tumble on demand worries
Corn values also weigh on feeder cattle, hogs
U.S. livestock: Cattle futures retreat as COVID surge stokes demand worries
CME lean hog futures end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures fell on Wednesday as rising coronavirus infection rates stoked concerns about potential supply-chain disruptions and reduced demand for beef as health restrictions shutter restaurants and discourage travel. U.S. stocks dove on Wednesday as investors weighed surging COVID-19 infections and mounting shutdowns against encouraging vaccine developments. An April plunge […] Read more
U.S. livestock: Cattle futures climb with cash market, beef prices
Lean hog futures up on short-covering
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rose for a second straight session on Tuesday, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week. Consumer demand for beef has remained solid despite rising coronavirus infection rates that have triggered lockdowns […] Read more
FCC identifies export, market opportunities for Canadian food
The ag lender's latest report highlights canola oil, pork, potato products, crab meat
Reading Time: 4 minutes Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
U.S. livestock: Cattle futures up as Wall Street rallies
COVID-19 worries remain in picture
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures ended mostly higher on Monday on spillover support from soaring equities markets, although gains were limited by worries about rising coronavirus infections and likely restaurant closures. News of a second promising COVID-19 vaccine lifted both the S+P 500 and the Dow Jones Industrial Average to record highs on […] Read more
U.S. livestock: Cattle futures sag as COVID surge threatens meat demand
Demand uncertainty also weighs on hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures slumped on Friday as soaring coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues, analysts said. Cities and states across the country have moved to re-impose restrictions to tame new spikes in COVID-19 infections and hospitalizations. Additional […] Read more
U.S. livestock: Lean hog futures move up off one-month low
Lower corn, soy values support feeder cattle
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures rose on Thursday in a rebound from a one-month low reached in the previous session, while live cattle futures weakened. The hog market’s recovery carried futures to their highest level since Monday. Traders said the market continues to face pressure from large U.S. supplies and uncertainty over […] Read more
Newfoundland beef producers backed to develop abattoirs
Three proposals get six figures each; breeding cows also provided
Reading Time: 2 minutes A provincial call for proposals to boost beef slaughter capacity in Newfoundland and Labrador has yielded three successful applicants. The provincial government on Nov. 5 announced its Beef Industry Enhancement Initiative will provide just over $1.8 million in total to its three successful proposals: $719,750 for Troy Humber of Northern Arm, about 40 km northeast […] Read more
U.S. livestock: Live cattle futures gain on boxed beef strength
Lean hog futures down with slaughter pace
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures climbed on Wednesday as strength in the cash market and firm beef cutout prices continued to offer support, traders said. “We’ve had a pretty decent rally on the meat side, and I think that’s certainly been a factor,” said Altin Kalo, economist with Steiner Consulting Group. Chicago […] Read more
U.S. livestock: Feeder cattle futures slump as corn prices surge
Hogs down off Monday's gains
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures ended lower on Tuesday after nearing a six-week high as soaring corn prices signaled that feed costs will increase. Live cattle futures finished near unchanged after setting a fresh four-week high, and lean hog futures weakened. Rising crop prices hung over the markets after the U.S. Department […] Read more
A message from April Stewart, Country Guide's Associate Editor
