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(Kelli Jo/iStock/Getty Images)
Hogs, Livestock, Markets

Pig farmers seek aid of $20 per hog against market crash

Losses of $675 million expected from COVID-19-related causes

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Canada’s hog producers seek an immediate federal cash injection equivalent to $20 per hog against a market crash that’s expected to cost their sector about $675 million overall. Officials with the Canadian Pork Council on Thursday called for Ottawa to provide further aid to hog farmers who are now expecting to lose $30 to more […] Read more
(TysonFoods.com)
Hogs, Livestock, Markets, Reuters

COVID-19 forces Tyson to shutter two major U.S. pork plants

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UPDATED — Reuters — Tyson Foods is shuttering two pork processing plants, including its largest in the United States, to contain the spread of the coronavirus, further tightening meat supplies after other major slaughterhouse shutdowns. The closures are limiting the amount of meat the U.S. can produce during the outbreak and adding stress on farmers […] Read more
CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures firm

Cattle futures slip with stock sell-off

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Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with the economy,” said Don Roose, […] Read more
Prime Minister Justin Trudeau speaks in the House of Commons on April 20, 2020. (Photo: Reuters/Blair Gable)
Livestock, Markets, Reuters

Canada sees no beef shortage, but prices may rise due to coronavirus

JBS plant at Brooks dials back to one shift

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Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before exporting products. Canada, one of […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Uncertainty defines feeder market

'Hope' factor remains supportive

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Compared to last week, western Canadian yearling prices were down $3-`$5 on average while calves were unchanged to down $2. Sales were characterized by low volumes and limited buying interest. Feedlot operators are hesitant to step forward in the current environment, with packing plants on both sides of the border reducing capacity. At the same […] Read more
CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hog futures rise on supply woes

CME cattle contracts ease

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Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner Ag Hedge. “It is just […] Read more
(File photo by Dave Bedard)
Beef Cattle, Livestock, Markets, Reuters

Cargill to temporarily idle High River beef plant

Packing plant hit by COVID-19 outbreak; another 67 cases linked to JBS plant

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Reuters — Cargill Ltd. said Monday it had begun the process of temporarily idling its beef plant at High River, Alta. because of the COVID-19 outbreak as provincial health officials said hundreds of workers at the plant had become infected. In her daily media update, Alberta chief medical officer Deena Hinshaw said a total of […] Read more

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