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Pork

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

U.S. livestock: Cattle rise on economic optimism, discount to cash prices

U.S.-China tensions keep hogs in check

By ,
Chicago | Reuters — U.S. cattle futures rallied for a second straight day on Wednesday as easing coronavirus restrictions around the country bolstered optimism about the outlook for the economy and beef demand. U.S. stocks rose, with the S+P 500 closing above 3,000 for the first time since March 5, as further easing of lockdowns
CME August 2020 feeder cattle with 10-, 20- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures follow equities higher

August feeder cattle close limit-up

By ,
Chicago | Reuters — U.S. cattle and hog futures rallied on Tuesday in tandem with rising stock markets as optimism about developing coronavirus vaccines and the revival of business activity buoyed livestock markets battered by the coronavirus pandemic. Supportive cattle and meat supply data from the U.S. Department of Agriculture late last week showing accelerated
Direct Farm Manitoba calls for changes to meat regulations
News

Direct Farm Manitoba calls for changes to meat regulations

Direct sales of meat have increased, but the capacity to ramp up production isn’t there, producers say

By
Direct Farm Manitoba is calling on the province to increase capacity for local meat sales in light of recent meat plant closures. Direct sales of meat like beef and roasting chickens have risen since the COVID-19 pandemic hit Manitoba, said Phil Veldhuis, Direct Farm Manitoba president, but producers have limited ability to capitalize on the
Beef producers say they’ll be at a disadvantage to their counterparts in other provinces if Manitoba doesn’t fund AgriRecovery as those governments have.
News, Other

Radio silence from Manitoba government on agriculture relief

As of May 22, producers were still waiting to hear if Manitoba will join the other Prairie provinces chipping into AgriRecovery

By
Manitoba farmers have yet to hear if the province will be throwing its weight behind the AgriRecovery aid promised by the federal government earlier this month. Why it matters: Saskatchewan and Alberta have committed provincial funds to AgriRecovery, following the federal promise of $125 million earlier this month, but Manitoba has yet to say whether it will be
CME August 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live and feeder cattle futures slip

Thursday's cold storage data seen as disappointing

By
Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs, live cattle gain against cash markets

Cold storage meat supplies down slightly, USDA says

By
Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the
Manitoba no closer to new beef-processing capacity
Livestock, News

Manitoba no closer to new beef-processing capacity

The industry has long desired more slaughter and processing capacity here at home, but despite decades of hoping, nothing is on the horizon

By
It’s an intermittent thorn in the side for Manitoba beef producers. Lack of local processing capacity is a popular topic among the sector, one that has cropped up time and time again for decades, and one that gains particular traction when, like now, the market turns sour. Why it matters: Processing issues out of Alberta
Editorial, Op/Ed

Editorial: Meat packing concentration leads to problems

By
When Canadians flocked to their grocery stores to stock up for the pandemic lockdown, most weren’t filling their carts with plant-based proteins. It was the meat counters that cleared out along with the toilet paper shelves, baking ingredients, and with other basics considered necessities. While more Canadians have been experimenting with these plant-based proteins, most
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures slip as slaughter rises

CME lean hog futures firm

By ,
Chicago | Reuters — U.S. live cattle futures fell on Wednesday, as cattle continue to back up, despite slaughter plants’ coming back online, traders said. CME lean hog futures firmed despite rising kill numbers, as social distancing rules in plants keep slaughter below normal rates. The nearby CME June live cattle futures contract settled down
CME July 2020 lean hogs with 20-, 50- and 100-day moving average. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures fall

Live cattle futures firm while slaughter numbers rise

By ,
Chicago | Reuters — U.S. hog futures fell on Tuesday, pressured by an increase in daily slaughter totals as pork plants come back online, traders said. CME live cattle futures firmed despite rising kill numbers, with the most-actively traded contract passing through a key technical benchmark. The nearby CME June live cattle futures contract settled

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