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CME August 2021 live cattle (candlesticks) with July 2021 lean hogs (pink open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures fall on cyberattack at JBS

July hogs touch contract high

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Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures tumbled on Tuesday after JBS stopped slaughtering at U.S. plants because of a cyberattack. Brazil’s JBS told the U.S. government that a ransomware attack on the company originated from a criminal organization likely based in Russia, according to the White House. It is not known
Top China pig breeder promotes low-protein hog feed
Hogs, News

Top China pig breeder promotes low-protein hog feed

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Reuters – China’s leading pig producer Muyuan Foods used only 9.8 per cent soymeal in its feed last year, cutting costs as feed prices soared, chairman Qin Yinglin said recently. Qin’s comments follow guidelines from Beijing to its huge livestock sector last month to lower the soymeal and corn content in feed after record imports
CME July 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME lean hog cash index (dark red line). (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs up on firm demand, tight supplies

Daily cattle slaughter down on week

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Friday as pork demand remained firm and supplies of market-ready hogs stayed low, analysts said. “At some point though, you would think the wholesale price would put a damper on demand, at some point in the summer,” said Doug Houghton technical analyst at
Flush farmers have a reputation for reinvesting in their operations, which has a positive impact on the economy. (Luca Piccini Basile/iStock/Getty Images)
Markets

StatsCan shows 2020 farm income up significantly

Farm cash receipts were up more than expenses

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Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion,
CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle, lean hogs firm on meat demand

Corn prices drag on feeder cattle

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Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday on firming cash beef and pork prices and strong weekly export sales data from the U.S. Department of Agriculture (USDA). Feeder cattle futures were lower, however, pressured by soaring corn feed prices. USDA data released early on Thursday showed
CME August 2021 lean hogs (candlesticks) with 20- and 50-day moving averages (pink, black lines) and August 2021 live cattle (red open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs ease on profit-taking

Cash prices, corn values drag on cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mostly lower on Wednesday, as investors took profits after some nearby contracts scaled the highest levels in years during the session on strong cash hog and pork prices. Cash hog prices remained firm while pork values hovered near the highest in almost seven years,
CME July 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs up as pork prices rise, corn tumbles

Corn's decline also feeder cattle's gain

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded from the prior day’s losses on Tuesday on stronger cash pork prices and a weaker dollar, and as corn feed values fell sharply. Feeder cattle contracts also posted strong gains as benchmark corn futures on the Chicago Board of Trade plunged more than five
CME August 2021 live cattle (candlesticks) with 20-day moving average (red line) and July 2021 lean hogs (pink open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures sink as on-feed supply tops estimates

Profit-taking drags on hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Monday after U.S. government data showed supplies in feedlots above trade expectations and as some traders worried about demand for beef. The U.S. Department of Agriculture (USDA) said late on Friday that May 1 on-feed cattle supplies stood at 105 per cent of
CME July 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and August 2021 live cattle (red open/high/low/close). (Barchart)
Livestock, Markets

U.S. livestock: Hog futures rally to highest since August 2014

USDA's latest cattle count beats forecasts

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Chicago | Reuters — Chicago Mercantile Exchange hog futures rallied on Friday to their highest in nearly seven years, with strong demand outstripping supplies on hand as restaurants around the U.S. have been reopening after COVID-19 shutdowns, traders said. “We are seeing strong retail demand, with the food service trying to recapture their share of
(PorcOlymel.com)
Hogs, Livestock

Olymel gets home province’s backing for plant upgrades

Quebec to invest $150 million in packer

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Pork and poultry producer and packer Olymel has picked up equity investments from its home province to support a total of $315 million in plant upgrades. The Quebec government announced Tuesday it would invest $74 million in Olymel through its economy and innovation ministry’s Fonds pour la croissance des entreprises quebecois (FCEQ) plus $76 million

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