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Pork

CME August 2020 live cattle with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs end firm on light recovery bounce

Ramped-up slaughter pace keeps lid on rallies

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Chicago | Reuters — U.S. live cattle futures closed modestly higher on Monday, shaking off early declines and firming on technical buying ahead the end of the month and quarter, after a three-session slide last week, traders said. A firmer close in Wall Street equity markets lent support as optimism about the U.S. economy could […] Read more
CME August 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs tumble on bigger-than-expected supply, economic concerns

Rising COVID-19 counts raise fears for beef demand

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Chicago | Reuters — U.S. lean hog futures plunged by as much as the daily trading limit on Friday and ended sharply lower after the U.S. Department of Agriculture (USDA) estimated supplies above already-high trade expectations. Economic concerns amid rising novel coronavirus infections added pressure to hogs and also dragged down cattle futures, which finished […] Read more
U.S. livestock: Hogs mostly higher ahead of USDA inventory data
Livestock, Markets, Reuters

U.S. livestock: Hogs mostly higher ahead of USDA inventory data

CME feeder cattle firm up on lower corn prices

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Chicago | Reuters — U.S. lean hog futures were mostly higher on Thursday, lifted by firmer cash hog markets and position squaring ahead of a quarterly hog inventory report that was released after the close. Futures have been sliding for most of the past two months as hog supplies swelled due to numerous packing plant […] Read more
(Zevei-Wenhui/iStock/Getty Images)
Livestock, Markets, Reuters

U.S. senators question packers over exports to China during pandemic

USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices

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Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures down on big supplies, economic jitters

Surge in U.S. COVID-19 cases rattles Wall Street

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Chicago | Reuters — U.S. cattle futures eased on Wednesday and hog futures were mostly lower on ample livestock supplies and concerns about rising coronavirus infections and their negative impact on the economy. Wall Street’s three major indexes tumbled on Wednesday and crude oil plunged more than five per cent as a surge in U.S. […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures rise as frozen meat stocks decline

Exporters drew down stored supplies during packer slowdowns

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Chicago | Reuters — U.S. cattle and hog futures firmed on Tuesday following two sessions of declines after U.S. Department of Agriculture (USDA) data showed a larger-than-anticipated decline in cold-storage stocks of pork and beef. The USDA stocks report, released after the close on Monday, showed a record-large drop in U.S. frozen pork inventories in […] Read more
CME August 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures drop as China tightens food import restrictions

USDA report bearish on cattle futures

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Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday it had suspended poultry imports […] Read more
File photo of a truck and stock trailer on a Canadian roadway. (Ben185/iStock/Getty Images)
Hogs, Livestock, Machinery

Animal welfare activist dies outside Ontario pork plant

Protestor reportedly hit by transport truck

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An animal welfare activist has died while attending what’s been described as a “vigil” outside a southern Ontario hog packing plant, as new provincial limits on such activity around livestock are set to take effect. Halton Regional Police Service reported receiving a call Friday morning that a person had been “struck by a transport truck” […] Read more
CME August 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures drop ahead of USDA data

Cattle on Feed report could be bearish Monday

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Chicago | Reuters — U.S. livestock futures fell on Friday, as hog producers and cattle ranchers continue to struggle with a massive backlog even as many slaughterhouses come back online. The U.S. Department of Agriculture’s monthly Cattle on Feed report, released Friday after the market close, showed May feedlot placements at 99 per cent compared […] Read more
A customer shops at a pork meat hall at the Yuegezhuang wholesale market in Beijing on June 17, 2020. (Photo: Reuters/Tingshu Wang)
General, Markets, Reuters

Food exporters to China asked to declare produce coronavirus-free

Declaration puts onus on exporters for product safety

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Beijing | Reuters — China’s customs authority has asked food exporters to the country to sign a declaration their produce is not contaminated by the novel coronavirus, three people who received a letter said on Friday. The declaration, seen by Reuters, may be an effort by China to reduce the additional testing it has carried […] Read more

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