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Pork

(Photo courtesy Canada Beef Inc.)
Livestock

Meat packing sector needs federal inspectors

Shared staff, recalling recent retirees among options on table

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The federal government is working on ways it can maintain inspection staffing levels at federally-licensed meat packing plants. Speaking to media Saturday in Ottawa, Agriculture Minister Marie-Claude Bibeau addressed concerns surrounding the ability of the Canadian Food Inspection Agency (CFIA) to continue meat inspection work. The Reuters news service on Monday quoted two unnamed sources
File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

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Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in
(TysonFoods.com)
Livestock, Markets

U.S. under pressure to keep slaughterhouses open

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Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

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Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the
CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs, cattle limit down on coronavirus fears

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Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Wall Street leads CME cattle, hogs limit down

'You are developing a demand problem'

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Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075

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