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Pigs

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle tumble in technical selloff after contract highs

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Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.5 cents/lb. while lean hog futures were mostly one per cent higher […] Read more
(JBSs.infoinvest.com.br)
Livestock, Reuters

JBS sells LatAm units to Minerva

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Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Cattle extend gains as beef prices rise

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Chicago | Reuters — U.S. cattle futures climbed about one per cent on Monday, with several deferred live cattle contracts notching lifetime highs and front-month feeders hitting a 15-month peak on investment fund buying tied to gains in beef prices. Some cattle futures contracts reversed from earlier small losses at midday, boosted by U.S. Department […] Read more
Chef Jonathan Collins cuts up a pork leg, foot included, to prepare ginger and black vinegar hog trotters in a video for Canada Pork International. (Video screengrab from CanadaPork.com)
Hogs, Livestock, Markets, Reuters

Canada beats U.S. in pork sales to China – feet, elbows and all

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Winnipeg/Chicago/Beijing | Reuters — Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada’s pork sales to China, after a sharp rise last year, exceeded those of the U.S. in the […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle climb to one-month top

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated cash prices generated more buying. June closed 3.4 cents/lb. higher at 130.825 cents, and August 1.35 cents higher at 126.05 cents (all figures US$). Live […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle limit up on strong cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle settled up their three cent per pound daily price limit on Thursday, fueled by short-covering following stronger-than-expected cash prices, said traders. Fund buying and futures’ discounts to this week’s cash returns enhanced market gains, they said. June and August closed limit up at 127.425 and 124.7 […] Read more
(Staff photo)
General

Federal food policy consultations underway

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The long-discussed-and-debated notion of a public pan-Canadian food policy has taken a move forward with a new online survey from the federal government. Agriculture Minister Lawrence MacAulay on Monday announced an initial round of consultations and called on the public to “share their input to help shape a food policy that will cover the entire […] Read more

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