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Livestock Markets

Hogs, Livestock Markets

Tainted Irish pork shipped to Canada

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Ireland’s pork producers sought emergency aid on Monday to help foot a bill of at least 100 million euros (C$163 million) after dioxin contamination caused meat to be pulled from shop shelves in more than 20 countries. “We’re facing a major financial crisis, a major liquidity problem,” said Cormac Healy, director of the Irish Association
Beef cattle, Livestock, Livestock Markets

U. S. cattle futures recover slightly

U. S. cattle futures recovered slightly on Monday of this week following last Friday’s tumble to the lowest level in more than two years amid growing concern that contracting global economies will reduce demand for high-priced beef. December live cattle closed up 1.550 cents at 83.100 cents per lb. and February was up 1.225 at
Livestock Markets

Cargill looking to buy

Cargill, one of the world’s largest private corporations, is looking for acquisitions, after the collapse in raw material and share prices cut valuations, according to a Bloomberg report citing an executive at the agribusiness and trading company. “There will be opportunities to acquire both assets, companies and hire people that we didn’t think we’d be
Livestock Markets

Cattle, corn and the credit crunch

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NDSU EXTENSION SERVICE Since midsummer, new-crop December corn futures prices have declined more than US$4 per bushel from the $7.88-per-bushel high. During the same time, November feeder cattle futures prices declined more than US$20 per hundredweight (cwt) from highs of more than $119. My previous columns have emphasized the usual opposite relationship between feeder cattle
Hogs, Livestock Markets

U. S. hogs end at six-week high as supplies abate

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U. S. hog futures closed at their highest level in six weeks at the Chicago Mercantile Exchange Nov. 28 as investors believe the flood of hogs that hit the market this fall is abating, which should mean higher cash markets in the weeks ahead. Cattle futures finished lower, largely the victim of selling by investors
Livestock Markets, Other livestock

Beginning of the end for some goat producers?

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Lambs 60 70 pounds ranging $0.59 -$0.98 averaging $0.85 per pound 70 80 pounds ranging $0.79 -$ 0.99 averaging $0.87 per pound 80 90 pounds ranging $0.74 -$0.88 averaging $0.82 per pound 90 100 pounds ranging $0.82 -$0.85 averaging $0.84 per pound 100 pounds ranging $0.90 -$1 averaging $0.95 per pound There was no freezing
Beef cattle, Livestock Markets

Weak dollar helps meat exports

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Canada’s exports of pork and beef have been helped by the devaluation of the Canadian dollar, but the recent implementation of the U. S. government’s country-of-origin labelling law, or COOL, has negated some of the benefits, according to industry participants. “Canada’s pork and beef producers get paid in Canadian dollars and because all of the
Livestock Markets

Russia to cut poultry, pork import quotas

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Overseas suppliers of meat to Russia may make fewer shipments to that country next year as Russia plans to cut 2009 import quotas on poultry by 300,000 tonnes and pork by 200,000 tonnes. Agriculture Minister Alexei Gordeyev announced the government’s plan Monday, as Prime Minister Vladimir Putin urged the government to speed up reform. “We

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