FPCC to hold hearings on pork agency

FPCC to hold hearings on pork agency

A new levy would also be collected from imported pork and pork products

The Farm Products Council of Canada will hold public hearings on a proposed national pork promotion and research agency funded by farmer levies. It would replace provincial bodies across the country and impose levies on imported pork and pork products. The council is currently collecting comments on the agency developed by the Canadian Pork Council.

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle, hogs sag while digesting meat warnings

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can


(Regis Lefebure photo courtesy ARS/USDA)

China to resume imports from U.S. pork plants

Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle finish mostly weak before USDA report

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed down slightly on Friday after investors tweaked positions in advance of Friday’s government’s monthly Cattle-On-Feed report at 2 p.m. CT. Analysts expect the report to show fewer cattle entered feedlots last month than in September 2014. “We were getting a bit over-bought and


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle close higher, hogs lower

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained on Thursday in anticipation of an increase in prices for market-ready (cash) cattle by Friday, traders said. Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. USDA will issue the monthly cold storage report on Thursday at 2 p.m.

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end mixed, hogs weaker

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday stirred by profit-taking and positioning before the sale of cash cattle as early as Thursday, traders said. Spot October closed 0.275 cent/lb. lower at 139.975, and December down 0.025 cent to 143.15 (all figures US$). February and April closed up 0.275


(Subway.ca)

Subway shifting all U.S. meat supplies to no antibiotics, ever

Chicago | Reuters –– Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said Tuesday. Rivals such as Chipotle Mexican Grill and McDonald’s have announced similar supply-chain shifts, adding pressure on



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle up again as beef quotes rise

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher for a second straight session Monday, supported by the morning’s wholesale beef price increase, traders said. Spot October closed 2.325 cents/lb. higher at 138.275, and December up 2.225 cents to 141.65 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on strong cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the three cents per pound daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.95 cents/lb. and December rose 2.875 cents, to 139.425 (all figures US$). Live cattle’s trading limit