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Hogs, Livestock, Markets

North American hog markets wracked by coronavirus

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MarketsFarm — Besides shutting down entire cities and killing more than 1,000 people, China’s novel coronavirus outbreak has wreaked havoc on North America’s hog futures. “It’s a dubious relationship, but it is impacting markets,” said Tyler Fulton, risk management director for Hams Marketing Services in Winnipeg. Lean hog futures moved “in concert with drops in
CME April 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cattle sag on weaker cash trade

Coronavirus jitters also rattle cattle markets

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Chicago | Reuters –– U.S. live cattle futures fell on Tuesday, with the benchmark April contract touching its lowest since late September on falling cash cattle prices and worries about the impact of the coronavirus outbreak in China, traders said. Cash cattle traded lightly in Kansas and Nebraska at $119-$120 per cwt, traders said, down
Local husbandry and veterinary bureau workers in protective suits disinfect a pig farm as a prevention measure for African swine fever, in Jinhua, Zhejiang province, China August 22, 2018.
Hogs, News

Federal government confident in African swine fever outbreak response

Animal Health Canada is the new body that would help form a cohesive national response

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Canada’s guard against African swine fever (ASF) may be getting a new player around the table. A potential outbreak of the virus that has decimated China’s hog industry — and criticisms from some circles that Canada’s federal response to potential disease outbreaks are fragmented and disorganized — has prompted the potential formation of what is
A worker checks the temperature of a passenger arriving into Hong Kong International Airport with an infrared thermometer on Feb. 7, 2020. (Photo: Reuters/Hannah McKay)
Livestock, Markets

Coronavirus disrupts China meat imports, food supplies

Swine fever has created pork shortage

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Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to
CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hogs limit up on Tyson comment, short-covering

Cattle futures follow hogs higher

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Chicago | Reuters — U.S. lean hog futures surged their daily three-cent limit on Thursday after comments from a Tyson Foods executive about pork demand from China ignited a wave of buying including short-covering, traders said. Tyson is competing with other global companies to supply meat to China, the world’s largest pork consumer, as an
China’s recently signed trade deal with the U.S. promised to buy at least an additional US$12.5 billion worth of U.S. farm products in 2020 and at least US$19.5 billion in 2021.
Markets, News

U.S. Agriculture Secretary Perdue uncertain on coronavirus effects

U.S. ag secretary unsure if coronavirus will slow China’s farm imports

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U.S. Agriculture Secretary Sonny Perdue said January 29 he does not know whether China’s coronavirus outbreak will upset Beijing’s pledge to radically increase purchases of American farm goods as part of the countries’ recent trade deal. The virus has cast further doubt on China’s ability to buy US$36.5 billion of U.S. agricultural goods in 2020.

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