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Tag Archives Cattle

Livestock, Markets, Reuters

U.S. livestock: Hog, cattle futures dive as volatile trade continues

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

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Reading Time: 2 minutes Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic […] Read more
Livestock, Markets, Reuters

As meat demand rises, processors raise pay for farmers, workers

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Reading Time: 2 minutes Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more
Beef Cattle, Livestock, Markets

COVID-19 shifts bull buyers online

As auction marts move to curb the disease's spread, technology is connecting buyers and sellers

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Reading Time: 3 minutes As bull sale season stretches into the spring, online sales are helping the industry cut COVID-19 risks while facilitating commerce. The Livestock Market Association of Canada (LMAC) last week held an emergency meeting on how to respond to the coronavirus pandemic, and decided to follow Health Canada’s lead on limiting crowd size and encouraging social […] Read more
Beef Cattle, Livestock, Markets

Beef sector mobilizes against supply disruptions

Keeping border open, meeting demand for beef are top priorities

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Reading Time: 2 minutes Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs rebound with grocery demand in focus

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Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures rose on Thursday, part of a broad recovery in the agriculture markets stemming from a rebound in crude oil prices and export hopes, traders said. Strong demand for meat in the retail sector underpinned the gains as the industry scrambled to restock grocery stores as the coronavirus pandemic […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs fall on demand uncertainty

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Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures fell on Wednesday, pressured by sharp declines in the equities markets and uncertainty about demand due to the COVID-19 coronavirus pandemic. The cattle and hog markets surged on Tuesday because of strength in the cash market after consumers cleared out grocery store shelves in anticipation of being homebound […] Read more
Beef Cattle, Livestock, Markets

Uncertainty drags on Canadian cattle markets

Beef demand is strong but cattle prices are under pressure, Canfax says

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Reading Time: < 1 minute Cattle markets have tumbled as a result of COVID-19, according to the senior analyst at Canfax. “Feeder markets are off pretty hard, some of them are off 15 to 20 cents a pound, this week,” Brian Perillat said Tuesday. “They have been depressed over the last month. Feedlots too. Fed price is at the low […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending March 27, 2020.

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