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Pork

CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

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Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle stabilize, beef prices fall further

Technical buying supports CME lean hogs

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Chicago | Reuters — U.S. live cattle futures stabilized on Monday after falling last week as beef prices weakened, traders said. The market is expected to remain under pressure as beef production continues to recover from disruptions in April and May linked to coronavirus outbreaks among workers at meatpacking plants. Meat processors slaughtered an estimated
Canada’s pork sector has been hard hit by processing bottlenecks and market free fall due to COVID-19.
Hogs, News

Pork sector temporarily halting ractopamine-free program audits

The pork sector says temporarily postponing ractopamine audits is small potatoes, compared to the other stresses facing its industry

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Audits to check against the use of the feed additive ractopamine are the latest casualty of COVID-19. The Canadian Food Inspection Agency (CFIA) said May 20 that third-party audits under the Canadian Ractopamine-Free Pork Certification Program may be postponed. Facilities with audits between March and the end of May are impacted, the agency said. Why it matters: Ractopamine was
CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle down as slaughter recovers, beef prices sag

Hog futures mostly up on technical buying

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Chicago | Reuters — U.S. live cattle futures fell on Friday, pressured by softening prices for market-ready cattle and declining packer profit margins as wholesale beef prices continue to slide, analysts said. Chicago Mercantile Exchange (CME) June live cattle futures settled down 1.825 cents at 93.9 cents/lb. and benchmark August fell 1.75 cents at 96.175
The CFIA says that the exemption would help ease any meat shortages that emerge because of the ongoing pandemic.
News

Interprovincial meat exemption raises questions

Manitoba ag minister says questions remain on interprovincial exemption for trade of provincially inspected meat

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Provincial meat plants may be able to temporarily do business across provincial lines thanks to a temporary exemption, but Manitoba officials argue that the federal measure doesn’t go far enough and details are scarce. Why it matters: Manitoba’s agriculture minister is pushing for regulations on interprovincial trade to be generally relaxed, and not just during
News

Despite low rates, farm interest costs ballooned in 2019

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Farm income may have been up in 2019, but expenses kept pace, according to government figures. Both cash receipts and operating expenses after rebates for Canadian farmers were up six per cent to $66 billion and $53 billion, respectively, according to Statistics Canada. One of the biggest increases in expenses was interest, up almost $600
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Nearby lean hog futures slide as slaughter rebounds

CME live cattle up on bargain buying

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Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July
(Dk_photos/iStock/Getty Images)
Hogs, Livestock

Pork packer considering Moose Jaw’s ex-beef plant

Donald's Fine Foods announces 'feasibility study'

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A potential buyer’s study could soon show whether a former beef packing plant in southern Saskatchewan has the bones to support a pork processing operation for cull sows. Richmond, B.C.-based Donald’s Fine Foods, which since 2010 has operated the Thunder Creek Pork hog plant at Moose Jaw, announced last week it plans to run a

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