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Pork

CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures limit up as beef prices surge

Hog futures also limit up, following cattle higher

By
Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures on the Chicago Mercantile Exchange […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock

Meat packing sector needs federal inspectors

Shared staff, recalling recent retirees among options on table

By
The federal government is working on ways it can maintain inspection staffing levels at federally-licensed meat packing plants. Speaking to media Saturday in Ottawa, Agriculture Minister Marie-Claude Bibeau addressed concerns surrounding the ability of the Canadian Food Inspection Agency (CFIA) to continue meat inspection work. The Reuters news service on Monday quoted two unnamed sources […] Read more
File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock, Reuters

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

By
Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
(TysonFoods.com)
Livestock, Markets, Reuters

U.S. under pressure to keep slaughterhouses open

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Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

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Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more
CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs, cattle limit down on coronavirus fears

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Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread […] Read more

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