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Strong soybean performance is primarily what bolstered a record August.
Comment, Markets

Comment: China making good on Phase 1 trade deal

U.S. farm exports to China hit new August record thanks to soybeans

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U.S. agricultural exports to China had a sluggish start to 2020 relative to the lofty expectations set forth by the Phase 1 trade agreement, but the August value soared substantially over that of the prior months owing to strong soybean shipments. U.S. cotton exports to China hit a 7-1/2-year high in August, while corn shipments
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to
China seeks to essentially raise all its own pork
Hogs, News

China seeks to essentially raise all its own pork

Rapid rebuild of swine herd could dash hopes of exporters like Canada for lasting inroads into market

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Reuters – China is aiming to produce 95 per cent of its pork at home, according to a cabinet document outlining plans for its livestock sector, underscoring a goal to quickly rebuild its huge pig herd after a major disease epidemic. The document comes amid a heightened focus on food security by Beijing, with coronavirus
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures up on cash market optimism

Wholesale pork values support October hogs

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Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service HedgersEdge.com (all figures
File photo of Agriculture Minister Marie-Claude Bibeau speaking to media in Winnipeg in March 2019. (Dave Bedard photo)
Markets, Other

Canada not benefiting from CETA, Bibeau says

Ex-premiers write to Ottawa with critique of EU's continued trade barriers

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Canada is not benefiting from the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), federal Agriculture Minister Marie-Claude Bibeau grants. Expected to spur $1.5 billion in new agri-food exports, the free trade deal has fallen short of those targets since its implementation in 2017. In a letter Monday to Prime Minister Justin
CBOT December corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn up as hog futures soar

Soybeans down on profit-taking

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Chicago | Reuters — U.S. corn futures climbed to their highest in five months on Thursday as news of a swine disease in Germany fueled expectations of increased demand for U.S. pork and feed grains, traders said. Firm cash markets for corn ahead of the start of the U.S. Midwest harvest added support, along with
(Zevei-Wenhui/iStock/Getty Images)
Hogs, Livestock

Swine fever found in Germany putting pork exports at risk

Country had been fencing off borders against wild boar

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Berlin/Hamburg | Reuters — Germany confirmed on Thursday that African swine fever (ASF) had been found in a dead wild boar near its border with Poland, threatening pork exports to China from Europe’s biggest pork producer, which were worth US$1.2 billion last year. Authorities in the German state of Brandenburg quarantined a 15-km area around
File photo of domestic hogs on a German farm.
Hogs, Livestock, Markets

Germany reports first suspected case of African swine fever

German producers currently exporting pork to China

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Berlin | Reuters — Germany’s ministry of food and agriculture said on Wednesday it had a suspected case of African swine fever (ASF) in a wild boar in the eastern state of Brandenburg. The suspected case concerned a wild boar carcass found near the German-Polish border. A sample of the carcass was being taken for

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