Pork agency hearings set for 2016

Pork agency hearings set for 2016

The proposed promotion and research agency would be funded by farmer levies

The Farm Products Council of Canada has scheduled public hearings for Calgary and Montreal in 2016 on the proposed national pork promotion and research agency. The sessions will be in Calgary Jan. 19 and Montreal Feb. 16. The council has been collecting written submissions for the last few months on the proposal for an agency

(Dave Bedard photo)

Maple Leaf to cut 400 middle-management jobs

Reuters — Maple Leaf Foods said Wednesday it would cut 400 management jobs, or about three per cent of its workforce, saying it was ready to streamline operations after starting up Canada’s biggest meat plant. Maple Leaf, one of the country’s biggest pork processors, said the majority of the job cuts would be completed by



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle snap back ahead of holiday

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts ended up sharply on Monday, driven by active short-covering as some investors prepare for Thanksgiving holiday vacations, traders said. “Some of these guys are so frustrated with market volatility and uncertainty that they’re looking forward to some time off,” a trader said. Spot December finished


(Canada Beef Inc. photo)

U.S. livestock: Lower beef quote undermines CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Thursday after profit-taking and a drop in the day’s wholesale beef price ended a two-day rally, traders said. Spot December and February finished 1.075 cents/lb. lower at 129.9 and 132.05 cents, respectively (all figures US$). Thursday morning’s wholesale choice beef price had fallen




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle finish strong after wild ride

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents/lb., up 0.35 cent, and February 0.925 cent higher at 130.575 cents


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle tumble limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished Monday’s session down by their three cents/lb. daily price limit after late Friday’s cash prices fell short of expectations, traders and analysts said. Spot December finished at 127.675 cents/lb., and February at 129.65 cents (all figures US$). Live cattle’s trading limit will be expanded