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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 futures jump in end-of-month, -quarter rebound

Lean hog futures up in most months

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Chicago | Reuters — U.S. live cattle futures rallied by as much as the daily three-cent trading limit on Tuesday in an end-of-month and end-of-quarter profit-taking bounce following a steep drop fueled by concerns about the fast-spreading coronavirus and its economic impact. The recent dive in prices as governments imposed stay-at-home orders and restrictions on
(PorcOlymel.com)
Hogs, Livestock

COVID-19 cases shut Olymel hog slaughter plant

Facility in Quebec's Mauricie region to close for two weeks

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The COVID-19 coronavirus has made its way into the labour pool at a major pork packing plant in Quebec’s Mauricie region, forcing a two-week shutdown. Olymel, the meat packing arm of Quebec-based Sollio Co-operative Group, announced Sunday it will temporarily close its hog slaughter and cutting plant at Yamachiche, about 20 km west of Trois-Rivieres,
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit down as grocery panic eases

Widespread layoffs raise concern over beef demand

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Chicago | Reuters — U.S. lean hog futures fell their daily three-cent limit on Thursday on signs that a consumer meat-buying frenzy has cooled, allowing traders to re-focus on plentiful U.S. hog and pork supplies, traders said. The benchmark June lean hog futures contract on the Chicago Mercantile Exchange settled down three cents at 68.75
(JBSs.infoinvest.com.br)
Livestock, Markets

JBS sees steady trade flows but flags export woes

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Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had
Pork processors are grappling with social distancing and employees who are suddenly without childcare.
Hogs, News

Pork sector looks for coronavirus answers

COVID-19: The pork sector’s labour- and human-intensive production system has added an extra challenge to maintaining the value chain

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Andrew Dickson has had a busy few days. The general manager for the Manitoba Pork Council, Dickson has been on the phone, both dealing with his own organization’s steps towards social distancing and trying to deal with the looming concerns of the pork industry in the face of the COVID-19 pandemic. For an industry like
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures end mostly lower

Hogs also ease as rally pauses

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Chicago | Reuters — Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on Wednesday for the first time in five sessions as the market paused after a sharp rally driven by soaring retail beef prices. Wholesale beef prices jumped and packer profit margins skyrocketed this week as the COVID-19 coronavirus pandemic
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

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Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock

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