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Livestock Livestock

CME February 2021 lean hogs with 100-day moving average and Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rally on technical buying

February live cattle futures lower

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Chicago | Reuters — U.S. lean hog futures rose 3.8 per cent on Monday, notching their biggest daily gain since September, in a technical bounce from the three-week low they hit on Friday, traders said. “We hit the bottom end of the range so we are just bouncing back,” said Don Roose, president of brokerage […] Read more
File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock, Poultry/Eggs

COVID outbreak shuts Nova Scotia poultry plant

Province closes Eden Valley for at least two weeks

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Provincial officials have temporarily shut a chicken and turkey slaughter and processing plant in Nova Scotia’s Annapolis Valley, citing recent cases of COVID-19 among employees. Eden Valley Poultry’s processing plant at Berwick will be closed “for at least two weeks,” the provincial health department said in a release Friday. “We know this will be a […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle rise on technical and bargain buying

CME lean hog futures sink

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Chicago | Reuters — U.S. live cattle futures advanced for a third straight session on Friday supported by technical and bargain buying and as strong packer margins were seen potentially keeping a floor under cash cattle prices. Futures rose despite some demand concerns as soaring U.S. coronavirus rates triggered lockdowns that impact restaurant traffic, and […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle advance in bargain-buying bounce

CME lean hogs drop

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Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more
Minks at a farm near Soroe in Denmark on Nov. 5, 2020. (Photo: Reuters/Jacob Gronholt-Pedersen)
Livestock

Minks, staff positive for COVID-19 at B.C. mink farm

Coronavirus found in eight workers, five mink so far

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A mink farm in southwestern British Columbia’s Fraser Valley is now under provincial veterinary quarantine and its staff self-isolating after several animals and workers tested positive for COVID-19. Fraser Valley Health, the regional health authority for the area, on Sunday declared an outbreak at the farm after eight workers tested positive for SARS-CoV-2, the virus […] Read more
CME February 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Short covering, bargain buying lift cattle, hog futures

Meat prices, cash values temper gains

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Chicago | Reuters — U.S. live cattle futures firmed on Wednesday in a short-covering and bargain-buying bounce following four straight losing sessions that had dragged prices to 2-1/2-week lows. Lean hog futures also firmed on short covering and bargain buying, though livestock traders remained generally cautious as they monitor broadening coronavirus restrictions and pandemic relief […] Read more
U.S. Trade Representative Robert Lighthizer walks toward reporters ahead of a meeting with his Canadian and Mexican counterparts to discuss talks on modernizing the NAFTA trade deal, in Washington, D.C. on May 11, 2018. (Photo: Reuters/David Ljunggren)
Dairy Cattle, Livestock, Markets

U.S. throws down CUSMA challenge on Canada’s dairy import limits

Filing challenges Canadian tariff rate quota reserved for processors

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Five months and counting since the Canada-U.S.-Mexico Agreement came into force, the U.S. government has launched a CUSMA challenge of how Canada applies tariff exemptions on dairy imports. U.S. Trade Representative (USTR) Robert Lighthizer said Wednesday he has served Canadian Trade Minister Mary Ng with written notice that the U.S. is “exercising its rights to […] Read more
Tom Vilsack speaks to farmers at a rural agricultural co-operative at Guira de Melena in Cuba on Nov. 13, 2015. (Photo: Reuters/Alexandre Meneghini)
Livestock, Reuters

Vilsack expected to return as USDA secretary

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Washington/Chicago | Reuters — U.S. President-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture secretary, Axios reported on Tuesday, citing people familiar with the matter. The Biden transition office did not immediately respond to a request for comment on the report. Vilsack, who led the U.S. Department of Agriculture (USDA) under […] Read more

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