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Tag Archives Pork

Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Livestock, Machinery, Reuters

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

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Reading Time: 2 minutes Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more
CME July 2021 lean hogs (candlesticks) with August 2021 live cattle (dark red open/high/low/close). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: July hogs retreat after matching contract high

August live cattle up slightly, feeders down

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Tuesday after matching a contract high because of tight U.S. supplies and firm cash markets, analysts said. The hog market has surged this year due to strong domestic demand and solid export sales to China, the world’s biggest pork consumer. Profit-taking […] Read more
Screengrab from a 2018 video showing cold storage at the JBS beef slaughter and packing plant at Brooks, Alta. (JBS video via YouTube)
Livestock, Markets, Reuters

JBS plants reopen as White House blames Russia over hack

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Reading Time: 3 minutes Washington/Chicago | Reuters — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with the matter said. Brazil’s JBS […] Read more
CME July 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog cash index (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on firm demand, tight supplies

Daily cattle slaughter down on week

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Friday as pork demand remained firm and supplies of market-ready hogs stayed low, analysts said. “At some point though, you would think the wholesale price would put a damper on demand, at some point in the summer,” said Doug Houghton technical analyst at […] Read more
(PorcOlymel.com)
Hogs, Livestock

Olymel gets home province’s backing for plant upgrades

Quebec to invest $150 million in packer

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Reading Time: 2 minutes Pork and poultry producer and packer Olymel has picked up equity investments from its home province to support a total of $315 million in plant upgrades. The Quebec government announced Tuesday it would invest $74 million in Olymel through its economy and innovation ministry’s Fonds pour la croissance des entreprises quebecois (FCEQ) plus $76 million […] Read more
(Lovelyshot/iStock/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures up on beef prices, demand

June hogs down off recent rallies

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Friday on strong beef prices and demand for red meat that also catapulted margins for beef processors. Meat demand is high as federal stimulus checks have increased incomes and prompted consumers to spend more at supermarkets and restaurants, analysts said. COVID-19 vaccinations are also […] Read more
CME June 2021 lean hogs (candlesticks) with 20-day moving average (pink line) and June 2021 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs rally again on pork prices, supply woes

June live cattle rise to even with June hogs

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures extended a sharp rally on Wednesday, touching contract highs for the fourth consecutive day on limited supplies and strong pork prices. U.S. pork demand is strong as sales have benefited after households received additional COVID-19 pandemic relief money from the federal government, analysts said. The […] Read more
CME July 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures extend rally on cash prices, tight supply

Cash cattle, beef values see 'significant disconnect'

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures hit contract highs for the third consecutive day on Tuesday as a strong cash market and tight supplies pushed up prices. Solid demand for pork has helped boost the market, with meat processors paying up to buy hogs from producers, analysts said. The U.S. Department […] Read more
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets

Workers call strike at Olymel hog plant in Quebec

Producers urged to prioritize heavier hogs when shipping

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Reading Time: 2 minutes Talks toward a new contract for unionized employees at meat packer Olymel’s hog slaughter and processing plant in Quebec’s Beauce region have ended in a strike. The Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN, which represents over 1,000 staff at Vallee-Jonction, about 60 km southeast of Quebec City, called an “indefinite” strike effective Wednesday morning, the union […] Read more

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