Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Wednesday closed up sharply, spurred by short-covering and escalating prices for slaughter-ready, or cash, hogs that reversed Tuesday’s market losses, said traders. On Tuesday, some CME hog contracts day fell more than two per cent after Mexico imposed tariffs on U.S. pork following Washington’s higher […] Read more
U.S. livestock: Strong cash prices reverse CME hogs’ losses
Mexico hits back on U.S. steel, slaps tariffs on pork, bourbon
Reading Time: 2 minutes Mexico City | Reuters — Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on U.S. steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the […] Read more
Pork supply issues hit Maple Leaf’s Q1 ledger
Reading Time: < 1 minute Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more
U.S. livestock: CME live cattle stumble on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Friday after profit-taking and fund liquidation gave back some of the market’s gains over the past two days, said traders. U.S. stocks’ plunge over trade war fears unnerved CME livestock investors still digesting Monday’s Chinese tariff hike on U.S. pork, with similar plans […] Read more
U.S. livestock: CME live cattle hit two-month low
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Monday for a third straight session, pressured by fund-driven long liquidation and expectations of rising supplies ahead based on the U.S. Department of Agriculture’s most recent monthly cattle report, traders said. Declines on Wall Street added to bearish sentiment. The S+P and Nasdaq […] Read more
Canadian pork cleared for Argentina
Reading Time: 2 minutes Argentina is now ready to import Canadian pork for the first time in about 15 years, federal officials report. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Francois-Philippe Champagne announced Wednesday that access to the Argentinian market has been restored for Canadian pork effective “immediately.” Canadian pork processors had started shipping to Argentina in 1998, […] Read more
Russia to restrict Brazilian pork, beef imports from Dec. 1
Reading Time: < 1 minute Moscow/Brasilia | Reuters – Russia will place temporary restrictions on imports of pork and beef products from Brazil from Dec. 1, the country’s agricultural safety watchdog Rosselkhoznadzor said on Monday. Russia said last week it was considering a ban on all pork and beef imports from Brazil after finding the feed additive ractopamine in some […] Read more
TPP talks without U.S. near final stretch
Reading Time: 3 minutes Urayasu, Japan | Reuters — The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged toward sealing a comprehensive free trade pact after New Zealand agreed to amend laws that are not subject to TPP, to enable its ban on foreign home purchases. The pact aims to eliminate tariffs on industrial […] Read more
Maple Leaf Q3 profit beats on overall sales growth
Reading Time: < 1 minute Reuters — Maple Leaf Foods, one of Canada’s biggest pork processors, posted a quarterly profit that beat analysts’ estimates, helped by growth across all its businesses. The company, whose brands include Schneiders, Maple Leaf and, since March, Lightlife, said adjusted operating earnings rose to $65.15 million in the third quarter from $61.52 million a year […] Read more
Mexico considers pork in response to NAFTA produce proposal
Reading Time: 3 minutes Mexico City | Reuters — Mexican negotiators are working on a response to informal U.S. proposals to include protections for fresh produce in the re-negotiation of the North American Free Trade Agreement (NAFTA), two people briefed on the proposals said. U.S., Canadian and Mexican delegations finished a second round of talks last week to renegotiate […] Read more
A message from April Stewart, Country Guide's Associate Editor
