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Livestock Livestock

File photo of piglets at a hog operation in China. (KuLouKu/iStock/Getty Images)
Hogs, Livestock, Reuters

China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

By
Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in […] Read more
(TysonFoods.com)
Livestock, Markets, Reuters

U.S. under pressure to keep slaughterhouses open

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Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

By
Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more
(Obhecc.com)
Livestock, Poultry/Eggs

Poultry, egg farmers renew call on feds for CPTPP compensation

No timeline yet provided for remaining funds

By
Canada’s poultry and egg farmers say they are disappointed no compensation has yet been put in place for domestic market share given up under the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade pact. Egg Farmers of Canada, Chicken Farmers of Canada, Turkey Farmers of Canada and Canadian Hatching Egg Producers, in a recent release, said […] Read more
CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs, cattle limit down on coronavirus fears

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Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread […] Read more
It takes a bit of time to understand the supply and demand influences 
on fed cattle.
Beef Cattle, Cattleman’s Corner, Markets

Back to Economics 101 for feeder cattle

Market Update with Jerry Klassen: Look for key market numbers that help determine prices

By
I receive many inquiries about the cattle market throughout the year, and in many cases, I realize the producer does not have a good handle on the fundamentals for beef or cattle. Supply-and-demand projections appear to be a foreign subject for many. For example, I’ve received many calls asking why the cattle price has to […] Read more
CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Wall Street leads CME cattle, hogs limit down

'You are developing a demand problem'

By
Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more
Taste-testing during a Canadian Beef Advantage Seminar in Shanghai in 2013. (Canada Beef via YouTube)
Beef Cattle, Livestock, Reuters

China proposes new standards on hormone residues in beef

New standards would apply to all beef exporters

By ,
Beijing | Reuters — China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step toward opening up its market to imports of the meat from the U.S. China has previously had zero tolerance for any residues of growth hormones, which has restricted the […] Read more
Agrifoods Cooperative chair Tim Hofstra on March 11, 2020 announced a licensing deal with New Zealand’s a2 Milk Co. (CNW Group/Agrifoods Cooperative)
Dairy Cattle, Livestock

Agrifoods gets license for A1 protein-free milk brand

Dairy co-op to bring New Zealand's a2 Milk brand to Canada

By ,
A major Canadian dairy co-operative specializing in organic and grass-fed products is entering the market for A1 protein-free milk with a license for a major international brand. Agrifoods Cooperative announced Wednesday it has an exclusive licensing agreement with New Zealand-based a2 Milk Co. to process and sell dairy products under the a2 Milk brand in […] Read more
CME June 2020 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures sag as virus woes fuel recession fears

Bearish market sentiment also drags on hogs

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Chicago | Reuters — U.S. live cattle futures fell on Wednesday, with several deferred months setting contract lows as fears of a global recession sent global equity markets tumbling and fueled uncertainty about consumer demand for beef, traders said. “The cattle market really follows what is going on with equities, and equities are down near […] Read more

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