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Pork

CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cash cattle, futures up on beef packer scrutiny

Profit-taking continues to drag on lean hogs

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Chicago | Reuters — U.S. live cattle futures rose on Friday along with cash prices as the federal government probed the beef market. The price of cattle in the cash market has rebounded since U.S. President Donald Trump on Wednesday said he had urged the federal Justice Department to look into allegations that the meatpacking
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: June cattle limit up on surging beef prices, meat shortages

Lean hogs down on profit-taking

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Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship
A closeup of a Hereford cow
News

Renewed calls for farm aid get louder

Canola Growers and KAP want Ottawa to up its contribution to AgriInvest

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Farm groups continue to push for aid in the wake of China reducing imports of Canadian canola seed and COVID-19. During regulator meetings of the Canola Working Group, which includes federal government officials, the Canadian Canola Growers Association (CCGA) has been asking for business risk management program (BRM) reforms, and a government-mandated increase in biofuel,
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hogs slide after three days of gains

"The workers are spooked to come to work"

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Chicago | Reuters — U.S. cattle and hog futures retreated on Tuesday in a profit-taking setback after three sessions of gains that were fueled by rising meat prices and concerns about meat shortages as several packing plants have closed due to coronavirus infections among workers. Benchmark June lean hog futures corrected after gaining nearly 18
Prime Minister Justin Trudeau speaks at Rideau Cottage in Ottawa in this April 24, 2020 file photo. (Photo: Reuters/Blair Gable)
Markets

Trudeau pledges $252 million in COVID-19 aid for farmers, processors

Dairy commission's credit line extended for storage program

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Ottawa | Reuters — Canada will invest $252 million to help some of the country’s farming and food processing sectors weather the coronavirus outbreak, Prime Minister Justin Trudeau said Tuesday, adding more money could come later if needed. The Canadian Federation of Agriculture, one of Canada’s biggest farm groups, asked Ottawa last week for an
File photo of a truck arriving at a Smithfield Foods pork plant at Smithfield, Va. on Oct. 17, 2019. (Photo: Reuters/Tom Polansek)
Hogs, Livestock

Smithfield starting to reopen Sioux Falls hog plant, union says

Major plant was shuttered by COVID-19 outbreak

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Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, resumed limited operations on Monday at a massive South Dakota slaughterhouse it closed last month because of the coronavirus pandemic, the union representing plant employees said. The closure of the plant and other slaughterhouses due to coronavirus cases among employees has led to temporary
Pork producers say they’re suffering a financial crisis as COVID-19 has closed processing plants and sent the market into a tailspin.
Livestock, News

Pork sector calls for federal ‘fire crew’ as market goes up in flames

The pork sector says it is in critical need of financial support due to market disruptions from COVID-19

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Canada’s pork producers are asking for emergency federal aid as their market spirals downward. Market disruptions due to COVID-19 have landed the pork market in a bad place as of late April. Multiple plant closures in the U.S. have dried up markets for Canadian weanlings, a two-week plant closure of an Olymel facility in Quebec

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