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Pork

(Dave Bedard photo)
General, Markets, Reuters

U.S. announces coronavirus aid for farmers, food buys for poor

Direct payments, mass purchases planned

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Chicago | Reuters — President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products (all figures US$). The U.S. Agriculture Department is partnering with regional […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound to one-week high

Lean hog trade remains focused on plant shutdowns

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Chicago | Reuters — U.S. live and feeder cattle futures jumped to one-week highs on Thursday as the markets extended rebounds after diving recently on concerns about the new coronavirus backing up livestock on farms. Hog futures remained under pressure from disruptions caused by the virus, which has shut pork processing plants run by Smithfield […] Read more
(Marina Karkalicheva/iStock/Getty Images)
Dairy Cattle, Hogs, Livestock, Markets, Reuters

Trump administration aims to buy milk, meat to help farmers, Perdue says

Homeland Security to ease visa rules for ag workers

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Reuters — The U.S. government plans to buy milk and meat from farmers as part of an initial US$15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday. The decision comes amid rising pressure from the U.S. farm lobby for government purchases as growers and […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures recover

Cargill cuts more beef shifts, Smithfield shuts more pork plants

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Chicago | Reuters — U.S. cattle and hog futures advanced on Wednesday as the markets recovered slightly from recent losses that traders said had dropped prices too far below the cash markets. Futures prices have tumbled recently as major meat companies have shut slaughterhouses due to the spread of the new coronavirus among employees. The […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise as traders hope slaughterhouses reopen soon

Hogs more sensitive to packer disruptions

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Chicago | Reuters — U.S. cattle futures rose Tuesday in a turnaround from recent losses, supported by a temporary easing of concerns over meat plants’ shutting due to cases of the COVID-19 coronavirus among workers, analysts said. Livestock markets have been fixated on shutdowns of meat plants because processing disruptions cause a backup in supplies […] Read more
Family members of longtime JBS USA meat packing plant employee Saul Sanchez gather April 10, 2020 at his Greeley, Colorado home after his death from COVID-19. (Photo: Reuters/Jim Urquhart)
Livestock, Reuters

‘Elbow to elbow:’ North America’s meat plant workers fall ill, walk off jobs

Supply chains struggling to keep pace with surging demand

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Chicago/Winnipeg | Reuters — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 U.S. cents a day to buy masks to protect themselves from the COVID-19 coronavirus, according to a meat inspector. In Colorado, nearly a third of the workers at a JBS USA beef plant stayed […] Read more
(iStock/Getty Images)
Livestock, Markets, Reuters

U.S. livestock: June hogs, cattle plunge limit down

COVID-19 shuts more U.S. meat processors

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Chicago | Reuters — U.S. livestock futures tumbled on Monday on worries about declining U.S. meat processing capacity after Smithfield Foods announced Sunday it would indefinitely shut one of its pork plants due to novel coronavirus infections among workers. The closure at Sioux Falls, S.D., affecting four to five per cent of U.S. pork production, […] Read more
File photo of a truck arriving at a Smithfield Foods pork plant at Smithfield, Va. on Oct. 17, 2019. (Photo: Reuters/Tom Polansek)
Hogs, Livestock, Markets, Reuters

Smithfield shutting South Dakota pork plant indefinitely

Major packer warns of meat shortages during pandemic

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Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving “perilously close to the edge” in supplies for grocers. Slaughterhouse shutdowns are disrupting the U.S. food supply chain, crimping […] Read more
(PorcOlymel.com)
Hogs, Livestock

Quebec pork plant to restart at reduced pace

Olymel plant closed due to COVID-19 cases

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Olymel plans to gradually bring a hog plant in Quebec’s Mauricie region out of a two-week shutdown starting Tuesday following a number of COVID-19 cases among its employees. The meat packing arm of Quebec-based Sollio Co-operative Group announced Saturday it will resume slaughter and cutting operations at Yamachiche, Que. starting Tuesday. Nine people working at […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Futures slide as COVID-19 worries roil market

Concerns over meat processing pace drag on cattle, hogs

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Chicago | Reuters — U.S. livestock futures slumped again on Thursday, volatility roiling the market as it faced resistance over surging stocks and growing concerns that meat packers will close plants in the COVID-19 coronavirus pandemic. Lean hog future prices slipped for a second session on concerns about the domestic glut of hog supplies and […] Read more

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