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Pork

Pork producers say profitable prices are a welcome change, but the disconnect between farmgate prices and cutout values needs to be addressed.
Hogs, Markets, News

Market forecasts throw pork producers a bone

While feed prices have nibbled at margins, producer groups and marketers say the signals are good for pork producers in 2021

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Margins look good for pork producers — and so do the market forecasts, despite high feed prices cutting into farm profits. Both cash and futures values have been in a steady climb since February, according to Bill Alford, general manager of H@ms Marketing Services Co-op. “We haven’t seen these values since 2014,” he said, noting
CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures gain as supply outlook wanes

Live cattle ease on higher grain prices

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday, supported by tight supplies and low inventory of available young hogs for producers as summer demand ramps up, traders said. CME most-active June lean hogs added 2.45 cents, to 109.125 cents/lb., with all contract months but June notching life-of-contract highs (all figures US$). “Tighter
News

CETA working as intended, federal government says

Meanwhile exporters continue to express concerns over its implementation

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Canada’s international trade minister said the country’s free trade deal with the European Union is working as intended. Mary Ng, Canada’s minister of small business, export promotion and international trade, made the comments in a joint statement with the European Commission. European officials met virtually with Ng on March 25 to discuss progress of implementing the Comprehensive
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle ease on higher grain costs

Feeder cattle, lean hogs mixed

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Chicago | Reuters — U.S. live cattle futures eased on Tuesday, as higher input costs could lead to near-term selling of cattle as producers are resistant to paying higher feed costs, traders said. “You’ve got your cost of gains climbing and climbing,” said Scott Varilek, broker at Kooima Kooima Varilek Trading Inc. “Could be some
CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures climb on USDA report

Lean hog futures' gains continue

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Chicago | Reuters — U.S. live cattle futures gained on Monday, supported by Friday’s monthly Cattle on Feed report that showed smaller-than-expected placements, traders said. Chicago Mercantile Exchange June live cattle futures settled 0.55 cent higher at 116.275 cents/lb. while the August contract ended 1.1 cents higher at 117.95 cents (all figures US$). “It wasn’t
Rick Préjet will replace George Matheson as chair of the Manitoba Pork Council.
News

Préjet takes lead of Manitoba pork board

The longtime pork producer sees many challenges and opportunities ahead

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It’s been seven years since the Manitoba Pork Council had a new face at the head of the board, but Rick Préjet of Notre Dame de Lourdes is ready to give it a go. Préjet will be the next chair of the Manitoba Pork Council, after being elected in mid-April to replace long-serving chair George
(Canest-transit.ca)
Crops, Markets

Montreal longshore workers escalate strike

Strike to move from part-time to full-time on Monday

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Exports of containerized crops and other goods and imports of ag inputs may stall as striking longshore workers at the Port of Montreal get set to level up from part-time to full-time work stoppage. The Syndicat des debardeurs du port de Montreal (CUPE Local 375) said Friday its members, who have been striking on weekends
CME August 2021 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures close narrowly mixed

CME hog futures climb

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Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Friday, with nearby contracts pressured by lacklustre cash cattle trade and position-squaring ahead of a monthly government cattle report, analysts said. Chicago Mercantile Exchange June live cattle futures settled down 0.125 cent at 115.725 cents/lb. while the August contract ended up 0.125 cent
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Cattle futures extend slide as corn prices charge higher

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Chicago | Reuters — U.S. cattle futures closed lower on Thursday for the 10th time in the last 11 sessions, pressured by fund-driven long liquidation and soaring corn prices that threaten cattle feeders’ profits, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.4 cents at 115.85 cents/lb. (all figures US$). CME August
“When you go about things in a proper, professional manner the government hears you... ” – Bill Campbell, KAP.
News

KAP’s labours bearing fruit

The farm organization’s long and steady advocacy is paying off, says president Bill Campbell

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The Keystone Agricultural Producers’ (KAP) recent advisory council meeting went two hours longer than the scheduled five, but it’s not surprising given all the issues the general farm organization is working on. It took seven slides just to summarize, in point form, KAP’s activities between its 37th annual meeting in January and its April 15

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