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Pigs

Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)
General, Markets, Reuters

CUSMA pact to take effect July 1, USTR says

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Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada […] Read more
(Deyana Robova photo/iStock/Getty Images)
Hogs, Livestock, Markets, Reuters

Smithfield to close Illinois pork facility

Workers test positive for COVID-19

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Reuters — World’s largest pork processor Smithfield Foods said Friday it will suspend operations at its Monmouth, Illinois pork processing facility next week after some employees tested positive for COVID-19, adding to already strained U.S. meat supplies. The news of some of the company’s 1,700 employees at the plant testing positive comes a day after […] Read more
CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Profit-taking, technical selling pressure hogs, live cattle

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Chicago | Reuters — U.S. hog and live cattle futures eased on Friday, with end-of-week profit-taking and technical selling pressuring the livestock markets, traders said. Strong consumer demand for pork underpinned the hog futures, which rose 17.4 per cent this week. “The pork product markets continue to scream higher and have begun to pull lean […] Read more
(Lightguard/iStock/Getty Images)
General, Markets

Saskatchewan to bump up AgriStability interim payouts

Allowable percentage of final benefit raised

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Saskatchewan farmers hoping to boost cash flow with an AgriStability interim payment can now apply to get up to three-quarters of their final payment for 2020. The Saskatchewan and federal governments announced an agreement Friday to increase the 2020 AgriStability interim benefit payment percentage to 75 per cent for producers in that province, up from […] Read more
General, Markets

Farm groups offer finance committee food security for thought

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The Canadian Federation of Agriculture (CFA) continues to pressure the federal government to offer more support for farmers as it looks to mitigate impacts of COVID-19. One of few parliamentary functions continuing to operate in the pandemic, the Commons standing committee on finance is responsible for studying and reporting on matters related to government spending. […] Read more
(Ag.calgarystampede.com)
Livestock

Calgary Stampede cancelled for 2020

Province's limits on gatherings cover all major summer events

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Alberta’s confirmation that its restrictions on gatherings include all annual summer events has led organizers of the Calgary Stampede to cancel the event for the first time in 97 years. “As a community celebration, the cancellation of our annual event comes with our community and public health and safety front of mind,” Stampede president Dana […] Read more
(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Pig farmers seek aid of $20 per hog against market crash

Losses of $675 million expected from COVID-19-related causes

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Canada’s hog producers seek an immediate federal cash injection equivalent to $20 per hog against a market crash that’s expected to cost their sector about $675 million overall. Officials with the Canadian Pork Council on Thursday called for Ottawa to provide further aid to hog farmers who are now expecting to lose $30 to more […] Read more
(TysonFoods.com)
Hogs, Livestock, Markets, Reuters

COVID-19 forces Tyson to shutter two major U.S. pork plants

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UPDATED — Reuters — Tyson Foods is shuttering two pork processing plants, including its largest in the United States, to contain the spread of the coronavirus, further tightening meat supplies after other major slaughterhouse shutdowns. The closures are limiting the amount of meat the U.S. can produce during the outbreak and adding stress on farmers […] Read more

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