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CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures firm

Cattle futures slip with stock sell-off

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Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with the economy,” said Don Roose,
Prime Minister Justin Trudeau speaks in the House of Commons on April 20, 2020. (Photo: Reuters/Blair Gable)
Livestock, Markets

Canada sees no beef shortage, but prices may rise due to coronavirus

JBS plant at Brooks dials back to one shift

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Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before exporting products. Canada, one of
Comment, Opinion, Other

Comment: Global economy hit by severest shock since 1930s

Fast policy response necessary to reduce impact of secondary rounds

By
Reuters – Recessions often start with a small drop in activity which then progressively deepens over subsequent months as the second- and higher-round effects on the economy start to occur. But the current business cycle downturn looks very different. In terms of its scale and sudden onset, there is no parallel since the end of
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures rise on supply woes

CME cattle contracts ease

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Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just
(File photo by Dave Bedard)
Beef cattle, Livestock, Markets

Cargill to temporarily idle High River beef plant

Packing plant hit by COVID-19 outbreak; another 67 cases linked to JBS plant

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Reuters — Cargill Ltd. said Monday it had begun the process of temporarily idling its beef plant at High River, Alta. because of the COVID-19 outbreak as provincial health officials said hundreds of workers at the plant had become infected. In her daily media update, Alberta chief medical officer Deena Hinshaw said a total of
Comment: COVID crisis captivates conspiracy theorists
Comment, Opinion, Other

Comment: COVID crisis captivates conspiracy theorists

Some groups and activists are wrongly claiming that modern agriculture is responsible for the rise of viruses that originate in animals and migrate to humans

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Cornell Alliance for Science – In the face of a global catastrophe like COVID-19, it’s only natural that frightened, anxious people try to ascribe blame. The problems arise when they demonize the wrong villain — especially for ideological or political motives. Most recently, some have begun trying to blame this novel strain of coronavirus on
(JBSS.infoinvest.com.br)
Hogs, Livestock

JBS shuts Minnesota pork plant due to coronavirus

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Chicago | Reuters — JBS USA said on Monday it would indefinitely shut a Minnesota hog slaughterhouse that produces about five per cent of the country’s pork, in the latest disruption to the U.S. food supply chain from the coronavirus pandemic. The closure limits the amount of meat the United States can produce for consumers
(Photo courtesy Canada Beef Inc.)

CFIA funded to build up inspection corps against COVID-19

Short spells of disruptions still to be expected at food plants

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Ottawa — The Canadian Food Inspection Agency (CFIA) is spending $20 million to hire, train and equip additional staff members to limit disruptions resulting from COVID-19. With meat packers and food processing plants considering extended hours as they adjust to taking extra measures to combat the pandemic, CFIA was in need of a response to
(Dave Bedard photo)
Markets

U.S. announces coronavirus aid for farmers, food buys for poor

Direct payments, mass purchases planned

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Chicago | Reuters — President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products (all figures US$). The U.S. Agriculture Department is partnering with regional

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