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CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME lean hogs limit-up on bargain buying

Cash and beef values lift cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange hog futures surged their daily limit on Tuesday, rebounding from Friday’s life-of-contract lows on a round of bargain-buying and short-covering toward the end of the month, and as feed grain futures fell sharply, traders said. “It really got grossly overdone to the bottom side,” said Dennis Smith, commodity
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Canadian feeder market rationing demand

Improvement seen in feeding margins

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For the week ending Saturday, western Canadian feeder markets averaged $3-$6/cwt higher compared to seven days earlier. Weakness in the Canadian dollar along with strength in the deferred live cattle futures set a positive tone. Recent rains have enhanced yield potential for the Canadian barley crop, which also underpinned nearby cash values. Alberta packers were
(Shadowinternet/E+/Getty Images)
Hogs, Livestock, Markets

Olymel to idle multiple Prairie hog barns

Packer cites 'continued financial losses' in sector

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Pork packer Olymel is preparing to dial back its hog production in Western Canada by shuttering six of its sow units in Alberta and Saskatchewan. Olymel, the agrifood arm of Quebec’s Sollio Cooperative Group, announced Friday it has served 80 employees with layoff notices at five sow units in Alberta and one in Saskatchewan. The
CME July 2023 lean hogs with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs down 10 per cent on week

Feeder cattle down on corn rally

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Chicago | Reuters — Chicago Mercantile Exchange hog futures dropped to contract lows again on Friday, as poor demand for U.S. pork continued to depress prices. The losses heap more pain on producers who have struggled with weak prices for pigs and high costs for expenses such as feed and labour. “Producers are losing their
Canada Beef at a 2022 hotel promotion with Marriott Hotel Kaohsiung in Taiwan. (Photo courtesy Canada Beef)
Beef cattle, Livestock, Markets

Taiwan pledges full access for Canadian beef

Market to reopen in 'a couple weeks,' minister says

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Canadian beef exporters can expect to regain full market access to Taiwan within the next couple of weeks, Canada’s international trade minister said Thursday. Posting on Twitter Thursday from the Asia Pacific Economic Cooperation (APEC) trade ministers’ meeting in Detroit, Mary Ng said Taiwanese officials have confirmed the decision, which she hailed as “great news
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME hogs sink to contract lows

Cattle futures up with beef sales, tight supplies

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Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to contract lows on Thursday, as excess supplies and sluggish demand for U.S. pork fueled losses for a fifth consecutive session. Weak prices for pigs and high production costs continue to make it unprofitable to raise hogs, leading some analysts to project that producers will
Arun Alexander, Canada’s deputy ambassador to the U.S.
Livestock, News

Proposed meat label bad news for North American livestock, meat supply chains: industry

If consumers wanted a voluntary label, they would already exist, Manitoba Pork’s Cam Dahl says

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Washington, D.C. — Canada doesn’t want a proposed American rule for voluntary meat labelling to disrupt North America’s integrated meat and livestock industry, and thus damage Canada’s meat sector. “While we, of course, support efforts related to truth in labelling for consumers, we are concerned about the potential real-world consequences of the proposed rule on
CME July 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog, cattle futures fall on technical selling

Cattle trade sees pressure from rising corn futures

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Chicago | Reuters — Chicago Mercantile Exchange hog futures fell on Tuesday on technical selling as the market moved closer to values in the cash market, traders said. Cattle contracts also were lower, with traders noting pressure from strength in corn futures. Recent declines in both cattle and hogs have done little to spur a

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