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Pigs

CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism

Relief bill expected to lift meat demand

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Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures firmed on Monday, recovering from a seven-week low hit last week, on optimism that the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy and bolster demand for meat, traders said. CME April live cattle futures settled up 0.325 cent at 119.35 cents/lb., […] Read more
File photo of hogs in transit near Red Deer, Alta. (Stefonlinton/iStock/Getty Images)
Hogs, Livestock, Markets

Alberta hog farmers to get set-aside via AgriRecovery

Producers get funds for feeding held-back market hogs

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An AgriRecovery plan announced Friday is set to pay eligible Alberta farmers 95 cents per day per market-ready hog toward the animals’ upkeep during the shutdown of the province’s biggest hog slaughter plant. Olymel, the meat packing arm of Sollio Co-operative, reopened its plant at Red Deer this week after announcing Feb. 15 it would […] Read more
File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)
General, Machinery, Weather

Spring road bans coming into effect across Prairies

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MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. The annual spring road restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures take a breather

April live cattle up, but well down off highs

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures consolidated on Friday as the market caught its breath after pulling back from contract highs reached last week. Strong demand for U.S. pork from China recently supported hog futures, as China is battling the fatal pig disease African swine fever, which increased its need […] Read more
Ever feel like this? This slide was taken from the end of Mike Jubinville′s presentation.
Editor's column, Wheat & Chaff

Editor’s Column: How high will grain markets go? It doesn’t matter. The strategy of the day is incremental selling into these rising markets

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From the fall of last year to today, which is Feb. 16, it has been a momentous time for grain markets. And as good as that is, Mike Jubinville, a senior markets analyst for MarketsFarm, stressed time and again during MarketsFarm’s Markets Outlook 2021 webinar last month, that incremental selling into these profitable and rising […] Read more
CME April 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Pork export sales rise, profit-taking hits hog futures

Cattle futures down while beef exports up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended lower on Thursday as profit-taking overshadowed strong U.S. export demand, analysts said. The U.S. Department of Agriculture, in a weekly report, said weekly net U.S. pork export sales were 59,600 tonnes for 2021, up 68 per cent from the prior four-week average. Weekly export […] Read more
(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. […] Read more
CME April 2021 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs up on new swine fever outbreak in China

April live cattle down, feeders up

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Wednesday as China reported a new outbreak of a deadly pig disease, raising expectations that Chinese importers could increase U.S. purchases. China’s farm ministry confirmed African swine fever in piglets being illegally transported through Funing county in the southwestern province of Yunnan. The […] Read more
Elanco Animal Health CEO Jeff Simmons speaks during an interview at the New York Stock Exchange (NYSE) on Sept. 20, 2018. (Photo: Reuters/Brendan McDermid)
Livestock, Reuters

Second activist investor buys into Elanco

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Reuters — Hedge fund Starboard Value LP has taken a stake in Elanco Animal Health and nominated three directors to the animal healthcare company’s board, the Wall Street Journal reported Wednesday, citing people familiar with the matter. The WSJ report did not mention the size of Starboard’s stake in Elanco, which makes treatments for pets […] Read more
(Thinkstock photo)
General, Markets

Farm cash receipts up in 2020

Crop receipts and direct payments up, livestock slightly lower

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MarketsFarm — New data from Statistics Canada on Tuesday showed Canadian farm cash receipts went up in 2020, despite the COVID-19 pandemic, on the strength of rising crop prices and exports. The total value of farm cash receipts in the country totalled $71.7 billion in 2020, an 8.1 per cent increase from the previous year. […] Read more

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