Daily Network News

More News →

Pork

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"

By
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

By ,
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

By ,
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

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

U.S. livestock: Cattle, hog futures climb with wholesale meat prices

About 20 North American meat plants offline

By ,
Chicago | Reuters — U.S. live cattle futures closed higher on Friday after touching a three-week top, buoyed by firm cash cattle values and surging wholesale beef prices as labor shortages slow the U.S. slaughter pace, traders said. New-month buying by speculators may have also lent support, they said. Chicago Mercantile Exchange June live cattle
Workers in the JBS beef plant at Brooks, Alta. appear in a screen shot from a 2018 corporate video. (JBS Canada video screengrab via YouTube)
Livestock

As meat plant infections rise, Canada lets packers choose when to close

Beef plants at heart of Alberta's largest COVID-19 community outbreaks

By ,
Winnipeg | Reuters — In Cargill’s High River, Alta. plant, supplier of more than one-third of Canada’s beef, 391 workers were sick with COVID-19 when the company suspended operations, according to provincial health officials. But Maple Leaf Foods decided to idle a poultry plant for eight days, in Brampton, Ont., after just three workers were
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs climb on strong pork exports, wholesale prices

Packer margins, wholesale beef prices support live cattle futures

By ,
Chicago | Reuters — U.S. lean hog futures rose on Thursday as bullish weekly U.S. pork export data and rising wholesale prices overshadowed worries about a slowdown in the U.S. hog slaughter pace backing up hog supplies, traders said. “You’ve got a combination of export sales being strong (and) the wholesale market trading very firm
(Video screengrab from Conestoga Meats via YouTube)
Hogs, Livestock, Markets

Major Ontario pork packer expects to re-open Monday

Conestoga Meats went offline April 27

By ,
The hog slaughter and processing plant billed as Ontario’s second-biggest pork producer expects to be back in business Monday after a week-long COVID-19-related shutdown. Conestoga Meats, based at Breslau, just east of Kitchener, notified hog farmers and shippers on Friday that it would suspend “most operations” during the week of April 27 to May 1,
CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs mostly lower as packing-plant woes persist

Backlog concerns drag on cattle

By ,
Chicago | Reuters — U.S. lean hog futures closed mostly lower on Wednesday, setting back from a one-month high set a day earlier in the benchmark June contract as traders mulled the implications of a presidential order for U.S. meat packing plants to remain open, traders said. President Donald Trump on Tuesday ordered meat-processing plants

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

Sponsored by:
More Videos →

Latest Market News

More Market News →