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CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Lean hog futures climb as processing slows

Live cattle steady as beef prices level off

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures continued higher on Wednesday, reaching a 6-1/2 year high as optimism for consumer demand increases against tighter hog supplies. CME April lean hogs closed 1.3 cents higher at 97.775 cents/lb., after notching a life-of-contract high at 97.925 cents, while the most-active June contract added 0.8
CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hog futures gain on tight supplies

CME cattle futures firm

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Tuesday, marking the contract’s fifth gain in six days, pushed higher by increased demand for pork as restaurants reopen, while supplies remain low. “You have some supply-side influence on why the market is this good,” said Brad Kooima, commodity broker at Kooima Kooima
File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock

Brazil’s BRF gets nod to export wings to Canada

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Sao Paulo | Reuters — Brazilian food processor BRF said on Tuesday Canada has authorized chicken wing exports from two of its plants located in top farm state Mato Grosso. BRF has been seeking to sell more products to Canada to strengthen its position in developed markets and also shore up competition against domestic rivals
(Sollio Co-operative Group video screengrab via YouTube)
Hogs, Livestock, Markets

Olymel restarting hog slaughter at Red Deer

Work to resume at pork plant this week

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Meat packer Olymel plans to restart slaughter operations Thursday at one of Canada’s largest hog plants following a major outbreak of COVID-19 among employees. Olymel, an arm of Sollio Co-operative, said late Wednesday it had recalled “employees that are needed to ensure that the gradual restarting of operations goes smoothly” at its Red Deer, Alta.
(Olymel video screengrab via YouTube)
Hogs, Livestock, Markets

Olymel to close Red Deer hog plant against COVID-19

Hog deliveries suspended 'until further notice'

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Meat packer Olymel plans to temporarily close its hog slaughter and pork processing plant at Red Deer, Alta., winding down that facility’s operations starting this week against a rapidly spreading COVID-19 outbreak among workers. The plant, one of Canada’s largest by slaughter capacity at over 45,000 hogs per week, has notified its hog suppliers and
“We need to make sure that we have market access. That’s absolutely critical.” – Cam Dahl
News

Cam Dahl appointed Manitoba Pork general manager

Dahl comes from the chief strategy officer role with Cereals Canada and has extensive organizational experience in agriculture

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Longtime agriculture leader Cam Dahl will take the role of general manager at Manitoba Pork starting February 22. “We’re very much looking forward to his working at Manitoba Pork,” said George Matheson, Manitoba Pork Council chair. “(Outgoing manager Andrew Dickson) had a great history with us, but time moves on and we’re looking forward to
(PorcOlymel.com)
Hogs, Livestock

Former F. Menard hog plant upgrading for second shift

Olymel announces $9 million in renovations

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Pork and poultry packer Olymel plans to dial up its pork output with a new evening shift at a Quebec hog plant it now owns in the province’s Monteregie. Olymel, the meat packing arm of Sollio Co-operative Group, said Friday it will invest $9 million in renovations at its slaughter, cutting and deboning plant at
Meat industry’s 2020 performance ‘phenomenal’: analyst
Livestock, News

Meat industry’s 2020 performance ‘phenomenal’: analyst

Kevin Grier lauded the tremendous effort from meat plant workers, management to safely bring packers back online after pandemic shutdowns

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Meat plant closures in the early days of the pandemic were hard to wrap his brain around, said analyst Kevin Grier. He recalled the moment he heard Cargill’s beef-processing plant in High River, Alberta had gone down to one shift. “I literally could not believe it because of the ramifications,” Grier said. “Shortly after it
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Hogs set contract high on strong demand, lighter weights

CME cattle futures close lower

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Chicago | Reuters — U.S. lean hog futures on Wednesday reached a contract high for the second consecutive day on strong demand and a decline in farm animal weights, analysts said. Average hog weights have declined as processors have cleared a backlog of hogs on farms that began last spring when COVID-19 outbreaks temporarily shut
File photo of a Chinese cornfield. (Baona/iStock/Getty Images)
Crops, Markets

China’s 2020 corn, wheat imports reach record highs

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Beijing | Reuters — China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in

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