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Hogs

Photo: Canada Beef Inc.
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle turn higher on futures’ cash discount

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Chicago / Reuters – Chicago Mercantile Exchange live cattle contracts on Wednesday pared some recent losses, helped by bargain buying and futures’ discounts to early-week cash prices, said traders. Investors bought August futures and sold deferred months in a trading strategy known as bull spreads. August ended 1.125 cents per pound higher at 114.300 cents, […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Fund-selling extends CME live cattle futures losses

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Chicago / Reuters – Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, led by lingering bearishness from last Friday’s U.S. Department of Agriculture cattle reports, traders said. USDA’s reports suggested a supply buildup in the coming months, which dropped futures by their 3-cent per pound daily price limit on Monday. August ended 0.700 […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle plunge after USDA reports

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Chicago / Reuters – Some Chicago Mercantile Exchange live cattle contracts settled down the 3.000-cent per pound daily price limit on Monday following Friday’s bearish U.S. Department of Agriculture cattle reports, said traders. Friday’s USDA monthly Cattle-On-Feed report showed the largest June cattle placements for the month in 11 years. The twice-yearly U.S. cattle inventory […] Read more
(LaFernandiere.com)
Hogs, Livestock

Olymel to expand Quebec sausage plant

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Quebec meat packing firm Olymel is set to double the production space at the La Fernandiere sausage plant it bought last year at Trois-Rivieres. The company, an arm of major agrifood co-operative La Coop federee, announced plans to spend $8.1 million to double the plant’s area to over 45,000 square feet, setting up more space […] Read more
Eric Schwindt says demand is helping to keep up North American hog prices. (John Greig photo)
Hogs, Livestock

Ontario hog farmers to get new options with Michigan plant

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A combination of hog prices remaining high despite good supplies and a new processing plant in nearby Michigan have Ontario hog farmers optimistic about the near future. “It’s unambiguously good news to have more processing capacity close to Ontario,” said Patrick O’Neil, Ontario Pork’s marketing division manager, at the Ontario Pork Congress. The Clemens Food […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Hogs, Livestock, Markets

Hog rally good news, but exports needed long-term

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CNS Canada — The recent rally in U.S. hog futures offers hedging opportunities and cash prices are supported for the short term, but Tyler Fulton at Hams Marketing tempers optimism for the longer-term outlook. “We have advocated for hedging, particularly for the fall and winter timeframe,” he said. However, he cautioned, the current rally is […] Read more
(Gloria Solano-Aguilar photo courtesy ARS/USDA)
Hogs, Livestock

New Manitoba PED case pushes envelope

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Southeastern Manitoba’s latest on-farm cases of porcine epidemic diarrhea (PED) include one outside the buffer zones in which earlier cases have been found. According to Manitoba Pork, the province’s chief veterinary officer (CVO) on Wednesday confirmed positive tests for PED on a hog nursery operation outside an existing five-kilometre buffer zone. That case — along […] 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

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