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Livestock Livestock

File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock, Poultry/Eggs

Ontario meat processor buys into poultry slaughter

ADP Direct buys Cami International

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A growth-minded Toronto poultry and deli meat further-processing company has made a vertical move with a deal for a federally-inspected Niagara-area poultry slaughter plant. ADP Direct Poultry announced Friday it has bought up 100 per cent ownership of Cami International Poultry, a slaughter and processing facility at Welland, Ont., for an undisclosed amount. The deal […] Read more
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures sag on fears for economy, beef demand

Firm cash hog values support hog futures

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange eased on Friday, following as global financial markets fell after U.S. President Donald Trump tested positive for the coronavirus, adding to investor uncertainty. Disappointing U.S. job growth numbers heightened worries about consumer demand for beef, at a time when retailers are starting to […] Read more
CME December 2020 live cattle (candlesticks) with 20-, 50- and 100-day moving averages and October 2020 live cattle (purple line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Nearby cattle futures lower on profit-taking

Chicago lean hogs end mixed

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Chicago | Reuters — U.S. live cattle futures closed mixed on Thursday with nearby contracts drifting lower on profit-taking a day after the benchmark December contract touched a six-week high, analysts said. Commodity funds hold a net long position in Chicago Mercantile Exchange (CME) live cattle futures, leaving the market vulnerable to bouts of long […] Read more
CME November 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures slip as feed grain prices soar

Firm cash prices support CME hogs

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Chicago | Reuters — U.S. live cattle futures retreated on Wednesday after the December contract hit its highest price in more than a month, while feeder cattle futures slumped as prices surged for grain used as animal feed. The rally in U.S. grain futures prices hung over cattle markets because livestock producers will be more […] Read more
(Olymel video screengrab via YouTube)
Livestock, Poultry/Eggs

Olymel to ramp up processing at Quebec poultry plant

St-Damase expansion work to take about a year

By ,
Olymel plans to bring more of its poultry further-processing in-house with a $31.5 million expansion at one of its major slaughter and cutting plants in Quebec’s Monteregie. The meat packing arm of Quebec’s Sollio Co-operative Group announced Monday it had started work that day on a 35,200-square foot plant expansion at St-Damase, about 50 km […] Read more
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures up on cash market optimism

Wholesale pork values support October hogs

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Chicago | Reuters — U.S. live cattle futures closed firm on Monday, rallying after a sharply lower open as strong packer margins raised expectations for higher cash cattle trade this week, analysts said. Average beef packer margins rose to $320.18 per head, from $313.25 on Friday, according to livestock marketing advisory service HedgersEdge.com (all figures […] Read more

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