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Pork

A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)
General, Markets

B.C. longshore workers resume strike

Union caucus rejects federal mediator's proposed deal

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The union representing longshore workers at Canada’s West Coast ports said its members would return to the picket line Tuesday afternoon after union leaders decided to reject a proposed agreement. The International Longshore and Warehouse Union (ILWU Canada), which represents about 7,400 longshore workers at various Vancouver and Prince Rupert port facilities, said Tuesday afternoon […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME August live cattle touch new high

Hogs lower as China books higher pork output

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle turn higher

Chicago lean hog futures mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Friday amid a flurry of technical trading, even as beef prices continued to see a seasonal downturn, traders said. Cash cattle market trades this week continued to be down $2-$3 per hundredweight (cwt), traders said (all figures US$). The U.S. Department of […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and CME cash lean hog index (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures gain as pork prices rise

Cattle futures end mixed

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Thursday, buoyed by rising wholesale pork prices and firm cash hog values, traders said. The U.S. Department of Agriculture (USDA) quoted the wholesale pork carcass cutout at $110.90 per hundredweight (cwt), up 24 cents from Wednesday, and pork bellies rose $17.08, to […] Read more
Aerial view of Centerm, a Burrard Inlet terminal for containerized cargo at the Port of Vancouver. (Bloodua/iStock/Getty Images)
General, Machinery, Markets

B.C. waterfront work to resume ‘as soon as possible’

BCMEA, ILWU reach tentative four-year deal

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Striking longshore workers and their management are “finalizing details” for work to resume at Canada’s West Coast ports after a tentative deal was reached Thursday. The B.C. Maritime Employers Association said in a release Thursday morning it had reached a tentative pact with the International Longshore and Warehouse Union (ILWU Canada) on a new four-year […] Read more
CME August 2023 live cattle with 20- and 50-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle down off contract highs on profit-taking

Hogs also down off early strength

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned lower on Wednesday on a round of profit-taking after most months climbed to life-of-contract highs, with a seasonal downturn in beef prices adding to bearish sentiment, traders said. Most-active August live cattle futures settled down 1.95 cents at 176.875 cents/lb., retreating after rising to […] Read more
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets, Reuters

Brazil’s JBS reboots plan to list shares in New York

International meat packer hopes for access to lower-cost capital

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Sao Paulo | Reuters — JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the move will bring its multiples closer to peers and that a broader investor base will give it more access to cheaper capital, sending its shares up eight per cent in mid-morning trade. […] Read more
CME August 2023 lean hogs with 20- and 50-day moving averages and October 2023 lean hogs (black line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hogs rally as pork prices rise

August live cattle touch new contract high

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 cents/lb., and the October contract […] Read more
(Dragos Cojocari/iStock/Getty Images)
Hogs, Livestock

Pork sector calls for essential service status amid B.C. port strike

Council says pork should receive same consideration as grains

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Leaders in Canada’s pork sector are calling on the federal government to give perishable agriculture products the same consideration and protection as grain. The call comes as a longshore workers’ strike at British Columbia’s West Coast ports nears its second week, blocking the shipment of Canadian meat and most other exports. Canadian Pork Council (CPC) […] Read more
CME October 2023 live cattle with 20- and 100-day moving averages and August 2023 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle end higher on firm cash values

Hogs settle lower off recent highs

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended modestly higher on Monday on follow-though buying from Friday and carry-over strength from last week’s strong cash cattle market. Cash cattle traded late last week as high as $184-$185 per hundredweight (cwt) in northern feedlot areas, traders said, up from sales of around $178-$182 […] Read more

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