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Hogs

(USDA.gov via Flickr)
Hogs, Livestock, Markets, Reuters

USDA hog report confirms active herd growth as PED fears ease

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Reuters — The U.S. hog herd grew seven per cent during the December-February quarter versus the same period last year, a U.S. Department of Agriculture report showed on Friday, reflecting producer profitability and the less-severe porcine epidemic diarrhea (PED) virus, said analysts. Hog farmers willingly expanded their herds after vaccines and tighter biosecurity measures offset […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs bounce with pork price, live cattle sag

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished higher on Thursday, driven partly by short-covering following a spike in wholesale pork values, traders said. April closed 1.15 cent per pound higher at 60.975 cents, and May up 1.5 cents at 68.025 cents (all figures US$). The morning’s wholesale pork price jumped $1.51 per […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle pare early losses after beef price hike

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday for the first time in seven days as investors took profits, but sharply higher wholesale beef values minimized losses, traders said. April closed down 0.275 cent per pound, to 161.725 cents, and June 0.675 cent lower at 152.375 cents (all figures US$). The […] Read more
Hogs, Livestock, Markets

Olymel to lay off Que. hog plant staff, cancel hog orders

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Quebec pork and poultry packer Olymel has cancelled hog orders from Ontario and plans to lay off non-union staff at one of its hog slaughter plants next week, citing “force majeure” as the plant’s unionized workers walk the picket line. Workers represented by CSN (Confederation des syndicats nationaux) at Olymel’s Vallee-Jonction hog plant in Quebec’s […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle up again on cash prices, USDA report

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher for a fifth straight session on Monday, fuelled by last week’s better-than-expected cash prices, traders said. Packers paid $163 to $165 per hundredweight (cwt) for market-ready or cash cattle in the U.S. Plains on Friday, up from $161 to $162.50 the previous week, […] Read more
(CSN.qc.ca)
Hogs, Livestock, Markets

Olymel hog plant workers hit the bricks in Quebec

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Unionized workers at Olymel’s hog slaughter and processing plant in Quebec’s Beauce region have walked off the job and rejected the meat company’s “final” contract offer. Olymel’s corporate communications spokesman Richard Vigneault confirmed the workers, represented by CSN (Confederation des syndicats nationaux), went on strike Wednesday evening. CSN, in a release Thursday, said 841 of […] Read more
(Peggy Greb photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hog futures hit five-year low as supply trumps demand

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Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures sank to their lowest level in five years on Thursday, given ample supplies versus slack pork demand, said traders and analysts. “Pork demand never recuperated from the high prices we had in the past,” said EBOTTrading.com senior analyst John Kleist. Pork demand is compounded by […] Read more

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