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Pork

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle sag as wholesale beef prices retreat

Slaughter counts rising 'much faster than anticipated'

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Chicago | Reuters — U.S. live cattle futures fell on Tuesday, with the August contract hitting its lowest in nearly a month as the U.S. slaughter pace picked up, sending more beef into retail channels, traders said. Chicago Mercantile Exchange (CME) June live cattle settled down three cents at 95.3 cents/lb., while most-active August ended
CME July 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs lower on China trade worries

CME live cattle close lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell Monday on worries that deteriorating relations between the United States and China, the world’s biggest pork importer, could inhibit U.S. pork sales to the Asian nation, traders said. China told state-owned firms to halt purchases of soybeans and pork from the United States,
(Gassen/iStock/Getty Images)
Markets

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

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Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,
(PorcOlymel.com)
Hogs, Livestock

Olymel pork plant workers take slaughter into OT

Over 800 volunteered for added shifts with charitable twist, packer says

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Workers at three Olymel hog slaughter plants in Quebec volunteered for overtime shifts over the weekend to help clear the province’s backlog of market-weight hogs, the company said Saturday. Sollio’s meat packing arm said over 800 workers at its slaughter plants at Yamachiche and St-Esprit and the former F. Menard plant it now owns at
According to the Canadian Cattlemen’s Association, AgriStability does not work for its members.
Livestock, News

Set-aside funds snapped up

Cattle and pork producers tell MPs $100 million for program is not enough

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A federal committee was told the $50 million made available by Ottawa for a set-aside program in the beef industry has already been spent, according to the Canadian Cattlemen’s Association (CCA). Prime Minister Justin Trudeau announced up to $50 million in AgriRecovery funding was being earmarked to fund a COVID-19 set-aside program for cattle producers,
(ComfreyFarmPork.com)
Hogs, Livestock

HyLife buys pork packing, hog production capacity

Firm buys stake in U.S. packer, Manitoba hog farming business

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Canadian hog production and pork processing firm HyLife has moved to expand its reach in North American pork packing as well as Manitoba hog farming. La Broquerie, Man.-based HyLife announced last week it has bought a 75 per cent stake in Taylor Corp.’s Prime Pork, a packing and processing operation at Windom, Minnesota, about 200
(TysonFoods.com)
Hogs, Livestock

Tyson to shut Iowa pork plant against COVID-19 outbreak

Plant handles up to 3.5 per cent of U.S. pork output

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Chicago | Reuters — Tyson Foods said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply. Meat processors such as Tyson, WH Group’s Smithfield Foods and JBS USA temporarily closed about
CME July 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs lower on China tensions

CME live cattle futures mostly higher

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Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened China with sanctions over its
A question often coming into sharp focus is the cost of becoming overly reliant on China as a trading partner.
Editorial, Op/Ed

Editor’s Take: China is our greatest ‘frenemy’

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In recent years it has become increasingly apparent that China makes its own rules when it comes to trade. Its 2002 membership in the World Trade Organization is an excellent example. The rest of the world agreed to give China open access to markets, ostensibly in exchange for similar access to China’s. One can hardly

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