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Tag Archives COVID-19

India’s Prime Minister Narendra Modi speaks to media on the Parliament premises in New Delhi in this Nov. 18, 2019 file photo. (Photo: Reuters/Altaf Hussain)
Crops, Lentils, Markets

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

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MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically […] Read more
CME August 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures touch one-month low

Improving production pressures hog futures

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Chicago | Reuters — U.S. live cattle futures dropped to their lowest price in more than a month on Friday, weighed down by expectations for increasing meat production. Beef output has improved as slaughterhouses have resumed operations after closing temporarily in April and May due to outbreaks of the new coronavirus among plant workers. The […] Read more
(CMEGroup.com)
Crops, Markets, Reuters

Coronavirus threatens Chicago’s last remaining trading pits

Grain options pits remain closed, for now

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Chicago | Reuters — Chicago brokers and traders worry COVID-19 will kill more of the city’s once famous shout-and-gesture trading pits. CME Group, which owns the Chicago Board of Trade, said this week that most of the pits it closed in March because of the pandemic will remain shuttered indefinitely. The news disappointed some brokers […] Read more
CME August 2020 lean hogs with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Hogs weaken on expectations for abundant supplies

Cattle futures seen as rangebound

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Chicago | Reuters — U.S. lean hog futures fell on Wednesday on expectations for abundant pork supplies as meat processors work their way through pigs that backed up on farms when slaughterhouses shut due to the coronavirus pandemic. Traders expect meat packers to start eating into the backlog of hogs within the next two weeks […] Read more
File photo of a bridge over the Yalu River boundary between China and North Korea. (Tarzan9280/iStock/Getty Images)
General, Reuters

U.N. expert says ‘some are starving’ in North Korea

Estimated 40 per cent of North Koreans need humanitarian aid, WFP says

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Geneva | Reuters — A United Nations human rights expert voiced alarm on Tuesday at “widespread food shortages and malnutrition” in North Korea, made worse by a nearly five-month border closure with China and strict quarantine measures against COVID-19. Tomas Ojea Quintana, U.N. special rapporteur on human rights in the Democratic People’s Republic of Korea, […] Read more
CME August 2020 live cattle with 20-, 50- and 10–day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle set one-week highs in rebound

Chicago lean hogs close lower

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Chicago | Reuters — U.S. live cattle futures rose on Tuesday, reaching one-week highs in a rebound from losses last week, as traders noted that meat companies have been slaughtering more livestock. The number of livestock being killed each day has recovered from April and May, when processors temporarily shut slaughterhouses due to massive outbreaks […] Read more
University of Guelph PhD student Abdul-Rahim Abdulai explained ways in which the pandemic has served as a disruptor in the dynamic of rural communities. (Arrell Food Institute video screengrab via YouTube)
General

Pandemic may strain rural community resources, panel warns

Enthusiasm for telecommuting could later benefit rural areas, if 'digital divide' can be bridged

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The COVID-19 pandemic, and Canada’s response to it, have highlighted how rural communities need different strategies than their urban counterparts to provide social services on which the public relies. The Arrell Food Institute at the University of Guelph hosted a virtual panel in May to discuss COVID-19’s social impacts, in which researchers from a variety […] Read more
Canadian Poultry and Egg Processors Council chair and Exceldor vice-president Joel Cormier addresses the Commons standing committee on agriculture on May 29. (Video screengrab from Parl.gc.ca)
Livestock, Markets, Poultry/Eggs

COVID concerns weigh on chicken farmers, processors

Sales crashed on lack of foodservice business

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Ottawa — Chicken Farmers of Canada say they’ve faced a “sharp decline” in sales as a result of a significant drop in food services, which represents roughly 40 per cent of their market. CFC chair Benoît Fontaine warned federal MPs as much during a virtual meeting of the Commons standing committee on agriculture and agri-food […] Read more

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