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Tag Archives COVID-19

CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle fall from highs as Omicron rattles markets

Chicago February lean hogs also lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle post new highs, retreat on profit-taking

Chicago lean hogs close mixed

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat drops as U.S. dollar edges higher

Australia forecasts record wheat crop; corn, soy down on good South America weather

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Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more
(CBSA via YouTube)
General, Reuters

Canada shuts to seven African countries’ travelers

Latest COVID-19 variant spurs decision

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Ottawa | Reuters — Canada is closing its borders to foreign travelers who have recently been to seven southern African nations to help stop the spread of a newly identified variant of COVID-19, Health Minister Jean-Yves Duclos told reporters Friday. The European Union, the United States and Britain are among those tightening border controls as […] Read more
CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: New COVID variant scares markets

Soybeans, wheat drop; corn rebounds

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Chicago | Reuters — U.S. soybean futures fell Friday as news of a new COVID-19 variant discovered in South Africa sent oil and equities markets lower, with moves exaggerated by low trade volume across the grain and oilseed commodities. Chicago Board of Trade January soybeans lost 13-3/4 cents, at $12.52-3/4 a bushel, the contracts biggest […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle futures set new contract highs

February hogs drop to two-week low

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set new highs on Friday and finished stronger on technical buying and firm cash prices, traders said. The front-month December contract and most-active February 2022 contract avoided losses seen in commodities such as crude oil and soybeans that were unnerved by the discovery of a […] Read more
File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)
Beef Cattle, Livestock

Cargill serves lockout notice on High River workers

Company 'willing to keep meeting' after offer rejected

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Updated — Whether in a strike or a lockout, workers at one of Canada’s biggest beef slaughter plants took another step toward the picket line this week by voting to reject the company’s latest contract offer. A vote conducted Tuesday and Wednesday by the United Food and Commercial Workers (UFCW) Local 401 went to the […] Read more
How big are some of these container ships in our global supply chain? Below are a few facts that surprised me.
Columns, Hart Attacks

This pandemic ain’t over yet

Aside from human health issues, other ramifications are just emerging

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Global pandemic or not, I just hope the shelves at either of the Canadian Tire stores within 10 minutes of my house do not go bare over the coming weeks. There are just a lot of things, like perhaps a 250-piece wrench set that complements the 125-piece screwdriver set I bought last year that I […] Read more
UFCW Local 401 board member and Cargill employee Joseph Kog (l) and Local 401 president Thomas Hesse with their strike notice on Nov. 10, 2021. (GoUnion.ca)
Beef Cattle, Livestock

Cargill beef plant workers serve strike notice

Without a deal, High River workers will walk Dec. 6

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Unionized workers at Cargill’s cattle slaughter and processing plant at High River, Alta. will start strike action next month unless a deal can be reached with the company, their union said Wednesday. A strike would begin at High River no sooner than Dec. 6 at 12:01 a.m. if a new collective bargaining agreement isn’t reached […] Read more
Mink
Livestock

B.C. calling halt to mink farming

Live mink on farms to be banned in 2023

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British Columbia’s remaining mink farmers are “devastated” by the province’s proposal to phase out their industry over risks related to COVID-19. The province announced Friday it’s starting the process toward a permanent ban on mink farming — beginning with a ban on mink breeding, followed by a ban on live mink on farms by April […] Read more

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