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Tag Archives Pork

Markets, News

China’s live hog futures jump on falling sow inventory, govt. purchases

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China’s live hog futures surged to hit a one-month high, tracking spot prices and helped by government stockpiling and falling sow inventory. “The driving force mainly came from the supply side,” said Rosa Wang, an analyst with Shanghai JC Intelligence Co. Ltd., citing decreasing sow inventory as a factor. China’s sow herd contracted by 0.9
Rejean Nadeau. (Photo courtesy Olymel)
Hogs, Livestock

Olymel CEO dies of ‘sudden’ cancer

Rejean Nadeau died Thursday at 71

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The CEO of Canadian pork and poultry packer Olymel has died of a “sudden and virulent cancer” at age 71, his company reported Friday morning. Rejean Nadeau, the CEO of Sollio Co-operative’s meatpacking and processing arm since 1996, died Thursday at his home at Rougemont, Que., about 25 km south of St-Hyacinthe, Olymel said in
CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle down on raised beef production forecasts

Pork supply expectations drag on CME December hogs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday, after the U.S. Department of Agriculture slightly increased its forecasts for beef production this year and next year. USDA, in a monthly report, raised its 2021 estimate by 0.3 per cent from September because of higher cow slaughtering and heavier average
(Dave Bedard photo)
Hogs, Livestock

U.S. considers faster hog slaughter paces based on staffing

Faster speeds seen as increasing injuries

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Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a
File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)
Hogs, Livestock

Expansions boost Maple Leaf plant’s bacon offerings

Pre-cooked bacon capability sets up Winnipeg plant as 'bacon centre of excellence'

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The Winnipeg pork further-processing plant previously earmarked as Maple Leaf Foods’ “ham centre of excellence” now gets the same billing for bacon. The major Toronto meat processor announced Tuesday it had completed a $182 million, 73,000-square foot expansion at its Lagimodiere Boulevard prepared meats plant, to “significantly” increase its bacon production capacity. The expansion, Maple
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle, feeder cattle extend gains

December hogs touch one-week low

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Chicago | Reuters — Chicago Mercantile Exchange feeder cattle and live cattle futures rose on Tuesday amid technical buying, while lean hog futures finished mixed. Both cattle markets have been due to rebound after recent selloffs dragged prices too low at a time when demand is solid, brokers said. Live cattle futures topped a one-week
Higher pork production this year versus last year has eased China’s imports of its staple protein.
Comment, Op/Ed

Comment: China lightens interest in pork imports but loads up on beef

Falling pork prices in China have quelled demand for imports

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Reuters – U.S. pork trade with China made a big breakthrough two years ago as the Chinese hog herd was thinned by disease and political relations began to mend, though U.S. exports to the top pork consumer have not performed as well this year relative to those from other suppliers. China’s pork production is expected
CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures extend slump

Hogs mixed after strong week

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hog futures rise on sustained buying

Interest tied to bullish USDA report; cattle futures continue lower

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed higher on Thursday on continued buying interest tied to the recent bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled up 0.8 cent at 91.6 cents/lb., while the most-active December contract rose 1.8 cents
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs surge on bullish USDA data

Chicago cattle futures sag

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily

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