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China to stop testing chilled, frozen foods for COVID

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Reuters — China’s meat trade is celebrating the end of testing and disinfecting chilled and frozen foods for COVID-19, more than two years after Beijing started the controversial practice, adding substantial costs. The State Administration for Market Regulation ceased testing chilled and frozen foods for COVID-19 from Jan. 8. It will also no longer require
Piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock

China’s 2022 pork output highest in eight years

Average hog weights remain relatively high

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Reuters — China’s pork output increased 4.6 per cent in 2022 from 2021 to reach its highest level since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight years
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans firm as investors track Argentine weather

Wheat, corn drift lower after multi-week highs

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Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy firm on Argentina weather, China demand hopes

Wheat market awaits U.S. winterkill assessment

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Chicago | Reuters — Chicago soybean futures rose for a third consecutive session on Wednesday as traders watched weather forecasts in Argentina for signs of much-needed rainfall, while China’s dismantling of COVID-19 restrictions raised hopes for improved demand. Corn also found support from uncertain weather in South America, while wheat lifted as trade kept monitoring
CME February 2023 lean hogs with 20-day moving average (pink line) and CME cash lean hog index (blue line). (Barchart)
Livestock, Markets

U.S. livestock: CME February hogs hit two-month low

China COVID-19 concerns a factor; live cattle close higher

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Chicago | Reuters — CME live hog futures fell to a two-month low on Monday, notching their fifth straight day of declines on concerns that Chinese pork consumption will fall during the country’s upcoming Lunar New Year celebrations, traders said. Cattle futures were firm, with strength in the cash market underpinning prices. Weakness in Chinese
A customer looks at food items displayed on shelves at a supermarket, amid the COVID-19 outbreak in Shanghai, China on Nov. 30, 2022. (Photo: Reuters/Aly Song)
Crops, Markets, Weather

CBOT weekly outlook: Circumstances could mess with usual holiday lull

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MarketsFarm — Usually at this time of year, the Chicago Board of Trade (CBOT) slips into its holiday lull, with most trading sticking to a sideways range, Scott Capinegro of Barrington Commodities said, suggesting that could change. “With such geo-political stuff going on and a possible railroad strike [in the United States], it kind of
CBOT March 2023 soft red winter wheat with 20-day moving average (dark green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat rises on short-covering, China optimism

Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down

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Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions
CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat inches higher on hopes China will ease COVID-19 measures

Corn slips on export demand concerns

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Winnipeg | Reuters — Chicago wheat finished slightly higher on Tuesday after the previous day’s three-month low, as investors saw hope that China would ease measures to counter COVID-19 infections after rare protests in the country unsettled markets a day earlier. Soybeans also gained on optimism about China, but corn dipped over concerns about export
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat tumbles to three-month low in broad sell-off

Soybeans rise on export sales, renewable fuel talk

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Winnipeg | Reuters — Chicago wheat fell on Monday to a three-month low, as commodity and equity markets dropped on concern about the impact of rare protests in China against its strict anti-COVID-19 policy. Cheap supplies from Russia and elsewhere in the Black Sea are adding competition for U.S. wheat, and prices have slipped to
Tyson Foods ends COVID-19 vaccine mandate for employees
News

Tyson Foods ends COVID-19 vaccine mandate for employees

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Reuters – Tyson Foods has confirmed it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking operations after plants closed in 2020 due to outbreaks among workers. The biggest U.S. meat company by sales lifted the mandate on Oct. 31, one year after imposing it, according to a report

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