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U.S. livestock: Hogs limit-down on profit-taking
Cattle futures continue lower
Chicago | Reuters — U.S. lean hog futures sank by their daily exchange-imposed trading limit on Thursday as profit-taking overwhelmed the market following blistering rallies, analysts said. The setback is a turnaround from gains that have lifted profits for pig farmers after they struggled last year when the COVID-19 pandemic reduced restaurants’ demand for meat

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market
Companies' GM soybeans jockey for market share
Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans,

U.S. livestock: Live cattle, lean hogs set new contract highs
June hogs turn lower before close
Chicago | Reuters — Strong meat demand pushed U.S. live cattle and lean hog futures to new contract highs on Monday. The cattle market benefited from increasing demand for beef as the U.S. is entering the summer grilling season, analysts said. Prices for choice cuts of boxed beef soared by $5.82, to $258.67/cwt, while select

U.S. grains: Soybean futures advance on supply concerns
Traders watch U.S. planting progress, crop weather
Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres

U.S. pork processors face higher costs, slower speeds after court ruling
Chicago | Reuters — An industry group representing America’s biggest meatpackers on Thursday pushed the U.S. Department of Agriculture to appeal a federal court decision that canceled an agency rule that allows pork plants to slaughter pigs more quickly. The decision issued Wednesday in U.S. District Court in Minnesota could raise costs for meatpackers like

Mexico’s ban on GMO corn imports won’t apply to feed, U.S. says
Chicago | Reuters — U.S. Agriculture Secretary Tom Vilsack said on Friday that a Mexican plan to ban imports of genetically modified (GMO) corn would apply to grain used for human food products, not livestock feed, based on recent talks he had with Mexican Agriculture Secretary Victor Villalobos Arambula. Vilsack said limiting the ban to

USDA plans more pandemic programs for disadvantaged farmers
Review found disparities in farm aid distribution
Chicago | Reuters — The U.S. Department of Agriculture said on Wednesday it will dedicate at least US$6 billion to help smaller-scale and socially disadvantaged farmers who were hurt by the pandemic, along with producers of organic food and other specialty crops. The agency said it would also increase by approximately $5.6 billion payments made

Some U.S. meat packers announce vaccine plans
Many workers are still waiting for their first jabs
COVID-19 vaccines are making their way into the arms of U.S. meat and agriculture workers, but companies and union officials say progress needs to be faster after coronavirus outbreaks idled slaughterhouses and sickened thousands of workers. Vaccinating food workers could help prevent further production disruptions that sent meat prices soaring in spring 2020 and forced retailers like Kroger

As pork plant speeds up slaughtering, workers report more injuries
The need for speed seems to be at the expense of employee health
Reuters – One of North America’s leading pig slaughterhouses is running faster than ever as meat packers hustle to keep pork in grocery stores during the COVID-19 pandemic. Plant worker Hector Ixquier says it’s time to slow down. Ixquier said he sought medical treatment in January for tendons he strained in his right arm while

U.S. grains: Soy futures rally on dry Argentina weather
Attention turns to next week's USDA supply-demand outlook
Chicago | Reuters — U.S. soybean futures prices pushed higher on Friday, notching a fourth straight weekly gain, as dry weather in Argentina continued to fuel worries about global supplies of the oilseed. Corn futures rebounded from a three-week low reached in the previous session, while wheat futures also edged higher. Concerns increased over crops
With roots going back to 1925, each weekly issue of the Manitoba Co-operator contains production, marketing and policy news selected for relevance to crops and livestock producers in Manitoba.