GFM Network News

Tyson Foods is pinning its hopes on growth in the Chinese market after approval was granted to export product to that country.

Tyson Foods cleared to ship poultry to China from all U.S. plants

The company expects pork and poultry shipments to grow in the wake of swine fever

Reuters – Tyson Foods has received approval from U.S. and Chinese authorities to export American poultry to China from all 36 of its U.S. processing plants and expects to begin taking orders early next year, a chief supply chain officer for the company said. U.S. chicken companies are eager to resume sales in China after

Firm cattle futures may lift local prices

Possible U.S. trade deals could serve as a boost for market sentiment

Manitoba cattle auctions were quiet over the Christmas and New Year holidays, but firmness in U.S. futures markets could bode well for prices when activity resumes in the first sales of 2020. “I’m looking for a rally in the fats (butcher cattle) into about March,” said Ben DiCostanzo, senior analyst with Walsh Trading in Chicago.

Cattle producers catching up on post-harvest marketings

Local buyers are back looking for lighter-weight animals

Manitoba’s cattle yards remained busy during the second week of December, as the fall run was pushed back a little later this year. “The year started out slow, with everything behind, and it carried on that way,” said Allan Munroe of Killarney Auction Mart. “We’ll sell twice as many cattle this December as last December.”

Cattle volumes down from fall run highs

Ontario feedlots have backed off the Manitoba market

Cattle volumes at auctions across the province have come off of fall run highs, providing some support to feeder cattle prices. “We’re through the bulk of fall run numbers, so prices have tightened up,” said Brian Perillat of Canfax in Calgary. “It’s a balancing act, but for the most part, undertones in the market have

Total Brazilian beef exports in January to October 2019 were 1.5 million tonnes.

Chinese demand pushes Brazil beef prices to record high

A significant number of local processors can now export to China

Reuters – Brazil’s famous barbecue is getting more expensive as Chinese demand is increasingly swallowing up the country’s beef supply, pushing Brazilian cattle prices to a record high. China’s hunger for foreign meat has shot up as an outbreak of African swine fever has decimated its domestic pig population and has sent it looking for substitutes. Chinese imports of

Fall cattle run starts to slow

As Christmas nears, lower volumes
and steady prices are expected

Cattle auction yards were still busy across Manitoba during the last week of November, although the fall run is starting to slow down as the holiday season approaches. “We saw volumes a little bit lower than the previous week, and that will be the trend until the end of the selling season,” said Rick Wright,

China is the world’s top pork consumer and has seen a sharp rise in pork prices ever since an outbreak of African swine fever began in August 2018.

Hong Kong mulls Southeast Asia pig imports

Pork prices in the city are jumping due to the African swine fever outbreak in China

Reuters – Hong Kong is looking into importing live pigs from countries in Southeast Asia, including Malaysia, to supplement a dwindling supply from mainland China that has caused pork prices to surge, Food and Health Secretary Sophia Chan said Nov. 20. The city had been importing 4,000 pigs a day from mainland China for slaughter

Cattle markets remain strong in Manitoba

A weaker Canadian dollar may attract U.S. buyers

With cattle auctions in full swing across the province, markets have seen steady, strong prices. Brock Taylor of Pipestone Auction Mart said 600- to 700-lb. feeder steers were between $188 and $215 per hundredweight at auction last week. That’s comparable to the Nov. 8 auction, when the same class of cattle sold for between $190

Manitoba cattle auction volumes remain high

Frozen ground makes cattle easier to retrieve

Cattle auctions in Manitoba have seen a lot of activity recently, thanks in part to colder weather making it easier to retrieve cattle from mucky pastures. That’s pressuring prices lower for some weight classes. “We’re seeing big numbers, which is applying quite a bit of pressure to the market,” said auctioneer Tyler Slawinski of Gladstone

Colder temperatures assisting producers with moving cattle

Cattle producers had been waiting due to wet conditions

There’s a plus side to the below-average temperatures southern Manitoba has been experiencing of late — it has made it easier to move cattle, said Harold Unrau of Grunthal Livestock Auction Mart. Wet conditions, especially in the southeast region of the province, have been the bane of cattle producers over the last several weeks. The