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Pork

(t-lorien/Getty Images)
Hogs, Livestock, Markets

CME to raise hog futures trading limits as swine fever fuels volatility

New daily limit of 3.75 U.S. cents proposed for mid-April

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Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has
Some feed mills and slaughterhouses in China are still shut due to the coronavirus outbreak.
News, Poultry

China’s chicken chain comes unstuck

Chaos of virus measures has derailed a sector that enjoyed rapid growth

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Reuters – China’s chicken farmers had been looking forward to a bumper year. But an unprecedented lockdown on people and goods to curb the coronavirus outbreak has disrupted the short but intense poultry life cycle, threatening output of meat just as the world’s most populous country faces a massive pork shortfall. China’s poultry production expanded
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle sink to new lows

COVID-19 continues to spook investors

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mostly lower on Thursday, with several key contracts notching new contract lows on nagging worries about the spread of coronavirus and its impact on global economic growth and demand for beef. Commodity funds, which had recently built up a sizable net long position in live
CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point
Comment, Op/Ed

Comment: The China syndrome

China’s new role as a global economic leader makes it important the country shoulders its transparency responsibilities

By
When SARS hit back in 2003, China was nowhere near the economic powerhouse it is today. Now, if something happens to China, the entire world is affected. Even though the coronavirus outbreak is starting to slow, the economic damage will easily surpass that of SARS. China accounts for a much larger share of commodities demand
CME April 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

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Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

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Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded
CME March 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures firm

Cattle contracts ease

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Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended
Canada’s Prime Minister Justin Trudeau speaks to media, flanked by (l-r) Public Safety Minister Bill Blair, Deputy Prime Minister Chrystia Freeland, Minister of Crown-Indigenous Relations Carolyn Bennett and Transport Minister Marc Garneau in Ottawa on Feb. 21, 2020. (Photo: Reuters/Patrick Doyle)
Crops

Trudeau demands rail blockades be lifted

Canadians' patience running out, PM says

By
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Friday demanded aboriginal protesters lift rail blockades that are hurting the economy and made clear police should, if necessary, enforce injunctions to remove the obstacles. Trudeau also told a news conference that the Liberal government’s talks with various indigenous leaders over the last two weeks
(LedbetterFoods.com)
Livestock

JBS to buy U.S. meat processor Empire Packing

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The U.S. arm of Brazilian meat packing giant JBS plans to expand its footprint in case-ready further processing with a deal for Memphis-based Empire Packing. Empire operates meat and poultry processing plants in its home town of Memphis as well as in Cincinatti, Denver, Olympia, Wash. and Mason, Ohio. It also makes the Ledbetter line

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