Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more
U.S. livestock: Hog futures rally on technical buying
February live cattle futures lower
China’s coronavirus testing chokes beef trade
Additional inspections, disinfections costly for importers
Reading Time: 3 minutes Beijing | Reuters — In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers. Fresh supplies of beef won’t arrive for days, a salesman at the Suning.com-owned Carrefour outlet told Reuters — […] Read more
Tyson suspends staff as suit alleges managers set up COVID pool
Reading Time: 2 minutes Chicago | Reuters — Tyson Foods said Thursday it suspended employees without pay and hired former U.S. attorney general Eric Holder to conduct an investigation in response to a wrongful death lawsuit that alleges managers at an Iowa pork plant took bets on how many employees would catch COVID-19. The coronavirus pandemic has ravaged the […] Read more
U.S. livestock: Live cattle futures up despite slower slaughter
December lean hog futures drop
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures gained slightly on Friday after a week of range trading, traders said. Chicago Mercantile Exchange December live cattle futures settled 0.3 cent higher at 108.65 cents/lb. (all figures US$). CME feeder cattle futures gained 0.525 cents to end at 135.925 cents/lb. For the week, live cattle futures […] Read more
Feds back pork producers with new levy on imports
New national pork agency to be up and running next summer
Reading Time: 3 minutes A new agency will use funds from a new levy on imported pork to pay for research and promotion for the Canadian pork sector. Federal Agriculture Minister Marie Claude Bibeau on Thursday officially announced the creation of the Canadian Pork Promotion and Research Agency (PRA). The Farm Products Council of Canada (FPCC) and Agriculture and […] Read more
Swine flu strain makes first jump to person in Canada
Alberta reports 'one isolated case' in central region
Reading Time: 3 minutes Further risk to people is believed to be low after a person in central Alberta was confirmed to have caught a variant of H1N2 swine flu, in the first case of its kind in Canada. The virus was spotted in mid-October after a patient sought medical care with “influenza-like symptoms,” provincial chief medical officer Dr. […] Read more
U.S. livestock: Live cattle up with wholesale beef prices
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures inched higher on Monday as rising wholesale beef prices buoyed the market in light-volume trade, analysts said. Chicago Mercantile Exchange December live cattle futures settled up 0.25 cent at 108.55 cents/lb. (all figures US$). “That’s still the underlying factor — (cattle) weights are not as big as […] Read more
U.S. livestock: Live cattle edge higher in subdued trade
Chicago hogs end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday for a fourth straight session, supported by follow-through technical buying after Thursday’s strong close and brisk demand for beef, analysts said. But trading volume was thin as brokers waited for significant cash cattle trade to emerge. Fat cattle traded lightly in the southern […] Read more
Shutdown urged for Quebec pork plant after COVID-19 death
Union calls on Olymel to close site for at least two weeks
Reading Time: 2 minutes The union for over 1,000 workers at a major Quebec hog slaughter plant is calling on the owner to temporarily close the facility against a COVID-19 outbreak now blamed for the death of an employee. Le Syndicat des travailleurs d’Olymel Vallee-Jonction-CSN said Wednesday the death of a worker earlier this week led it to demand […] Read more
U.S. livestock: Lean hogs up on lower-than-expected inventory
CME live cattle follow cash cattle lower
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
A message from April Stewart, Country Guide's Associate Editor
