Reading Time: 3 minutes Ottawa | Reuters — China said Tuesday it will turn away all meat shipped from Canada, just days before China and the United States sit down to work on settling a trade dispute that has also caught Canada in the crossfire. China launched an investigation after inspections found residues of ractopamine, a feed additive not […] Read more
China halts Canadian meat shipments over bogus documents
U.S. livestock: Lean hogs tumble for third straight session
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply for a third straight session on Monday in a technical and fund- selling drop fueled by ample supplies of hogs and pork. Actively traded nearby contracts shed more than four per cent, with losses over the past three sessions topping 10 per […] Read more
U.S. grains: Rains fuel crop worries, lift corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures jumped on Thursday as expectations for more rain in the U.S. Midwest heightened worries about bad weather reducing autumn harvests. Forecasts called for rain over the next five days, which would keep some fields too wet to plant and add stress to planted crops that are […] Read more
U.S. livestock: CME lean hogs fall as pork sales to China disappoint
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures tumbled on Thursday as U.S. pork export sales to China continued to disappoint traders who have been expecting a surge of demand due to an outbreak of a fatal hog disease in China. Live cattle and feeder cattle futures also declined. Hog futures have pulled back 12 […] Read more
U.S. livestock: CME lean hogs up on bargain buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Wednesday in light bargain-buying after last week’s slide to three-month lows, but soft cash markets and ample hog supplies hung over the market and limited rallies, traders said. CME July lean hog futures settled up 0.15 cent at 81.625 cents/lb. and […] Read more
Pulse weekly outlook: India’s drought could be field pea opportunity
Reading Time: 2 minutes MarketsFarm — Though India has curbed its pulse crop imports from Canada in recent years due to disagreements over crop control and fumigation, a challenging growing season in India could make Canadian pulses more attractive. Drought-like conditions in key growing areas of India have killed dozens of people and endangered crops. According to Reuters, key […] Read more
U.S. livestock: CME live cattle closed mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Tuesday, with expectations for a weak cash trade pressuring the benchmark August contract while back months ended firm, traders said. Packers were not bidding aggressively for cattle, a factor that some traders took as a bearish signal. “The bids that were out […] Read more
U.S. grains: Corn down on profit-taking as planting ‘virtually done’
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Tuesday as government data showing a rain-delayed planting campaign was nearing an end encouraged a pause in a rally that took prices to a five-year high a day earlier. Wheat futures sank on profit-taking and competition for global export business. Soybeans edged higher, supported by ongoing […] Read more
China to suspend pork imports from Quebec processor
Reading Time: 2 minutes Beijing | Reuters — China will block pork imports from a third Canadian firm after a shipment was found to contain the banned feed additive ractopamine, the customs agency said on Tuesday, deepening a trade and diplomatic dispute with Canada. The firm in question is Frigo Royal, the agency said on its Wechat account. Ractopamine […] Read more
U.S. livestock: CME lean hogs slide on fund liquidation
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
