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Pork

(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Pig farmers seek aid of $20 per hog against market crash

Losses of $675 million expected from COVID-19-related causes

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Canada’s hog producers seek an immediate federal cash injection equivalent to $20 per hog against a market crash that’s expected to cost their sector about $675 million overall. Officials with the Canadian Pork Council on Thursday called for Ottawa to provide further aid to hog farmers who are now expecting to lose $30 to more
People enter Smithfield Foods through a screening tent on April 16, in Sioux Falls, S.D. The plant is currently closed due to the coronavirus outbreak, sending shock waves through the hog sector.
Markets, News

Weanling barns wrestle with market free fall

U.S. market disruptions from the COVID-19 pandemic has sent the swine weanling market diving

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One of Manitoba’s top livestock exports is in a tight spot after market implications of COVID-19 sent the swine market for weanlings into a tailspin. Hams Marketing put average ISO wean price at US$7.38 as of April 17, a dramatic drop from the end of January, when the company estimated average ISO wean price at
$16 billion pledged to U.S. farmers due to COVID-19
News

$16 billion pledged to U.S. farmers due to COVID-19

USDA predicts lower prices for most commodities, excluding wheat and rice

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While the Canadian Federation of Agriculture asks for ad hoc subsidies to help Canadian farmers to offset lower incomes expected due to COVID-19, the United States administration could spend as much as $25 billion to help its farmers due to the pandemic. American farmers will receive billions of dollars of subsidies through direct payments. But
CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures firm

Cattle futures slip with stock sell-off

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Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with the economy,” said Don Roose,
Prime Minister Justin Trudeau speaks in the House of Commons on April 20, 2020. (Photo: Reuters/Blair Gable)
Livestock, Markets

Canada sees no beef shortage, but prices may rise due to coronavirus

JBS plant at Brooks dials back to one shift

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Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before exporting products. Canada, one of
HomeGrown Acres, near Wawanesa, has seen an uptick in direct sales, bucking the trend.
Livestock, News

Holiday lamb demand lags due to COVID-19

The COVID-19 pandemic has disrupted typical holiday demand for lamb meat

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Manitoba’s lamb producers aren’t feeling much holiday spirit this year thanks to COVID-19. Social distancing has put a chill on a market normally bolstered by the Easter season, as well as Jewish Passover celebrations and the start of Ramadan on the Islamic calendar later in April. The Manitoba government declared a state of emergency due
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures rise on supply woes

CME cattle contracts ease

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Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just

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