pandemic Archives - Page 17 of 20

CME June 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Hog futures firm

Cattle futures slip with stock sell-off

By GFM Network News April 21, 2020

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

(Canada Border Services Agency video screengrab)

General, Markets

Joint U.S.-Canada border approach to pandemic seen as well-managed

By GFM Network News April 18, 2020

Ottawa — The compromise between Canada and the U.S. to maintain the flow of goods between the two countries while limiting the trans-border flow of people during the COVID-19 crisis is a collaborative approach that serves as a global example, trade observers say. Alan Bersin, a global fellow at the Wilson Centre, said the border […] Read more

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

General, Markets

Ag industry a potential ‘bright spot,’ post-pandemic

Agriculture could lead economic rebuild, ATB official says

By Jennifer Blair, GFM Network News April 17, 2020

Alberta’s ag sector will be key in rebuilding the province’s economy once the pandemic is over, says the director of research for economics at ATB Financial. “Overall, I think one of the bright spots in a really dark economic situation in the province is our agriculture and agri-food sector,” Rob Roach said. “It’s still producing. […] Read more

A container terminal at the Port of Vancouver. (FangXiaNuo/E+/Canada)

Crops, Machinery, Markets, Pulses

Logistics, lack of containers hamper pulse crop movement

By Phil Franz-Warkentin, GFM Network News April 17, 2020

MarketsFarm — Logistics disruptions due to COVID-19 are hampering nearby movement of pulses, according to a number of industry participants speaking Thursday on a webinar organized by the Global Pulse Consortium. However, the longer-term impact of the pandemic remains to be seen. “The shipping industry has been hugely impacted by COVID-19,” Chris Oliver, nautical director […] Read more

(Marina Karkalicheva/iStock/Getty Images)

Dairy Cattle, Hogs, Livestock, Markets, Reuters

Trump administration aims to buy milk, meat to help farmers, Perdue says

Homeland Security to ease visa rules for ag workers

By Reuters, GFM Network News April 16, 2020

Reuters — The U.S. government plans to buy milk and meat from farmers as part of an initial US$15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday. The decision comes amid rising pressure from the U.S. farm lobby for government purchases as growers and […] Read more

ICE May 2020 canola (candlesticks, in Cdn$) and CBOT May 2020 soymeal (yellow line, US$). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Loonie’s rally kept canola lower

CBOT soymeal, soyoil also drag on canola

By GFM Network News April 15, 2020

MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more

CBOT July 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

CBOT weekly outlook: Poor ethanol demand weighing on corn

By Phil Franz-Warkentin, GFM Network News April 15, 2020

MarketsFarm — Losses in crude oil and ethanol have weighed heavily on grain and oilseed markets, with Chicago Board of Trade corn falling to fresh contract lows Wednesday. General uncertainty over COVID-19 is expected to keep a bearish tone in the market. “The big thing has been the overall slowdown in ethanol production,” said Tom […] Read more

Hogs, Livestock

Quebec pork plant to restart at reduced pace

Olymel plant closed due to COVID-19 cases

By Glacier FarmMedia staff, GFM Network News April 12, 2020

Olymel plans to gradually bring a hog plant in Quebec’s Mauricie region out of a two-week shutdown starting Tuesday following a number of COVID-19 cases among its employees. The meat packing arm of Quebec-based Sollio Co-operative Group announced Saturday it will resume slaughter and cutting operations at Yamachiche, Que. starting Tuesday. Nine people working at […] Read more

A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

Crops, Markets, Reuters

USDA raises corn, soy, wheat supply outlook

Ending stocks expected up on slowing export demand

By GFM Network News April 9, 2020

Chicago | Reuters — The U.S. Agriculture Department raised its outlook for domestic supplies of corn on Thursday on expectations for reduced usage by ethanol producers, as demand for the alternative fuel has been cratering due to the spread of the COVID-19 coronavirus. The government also bumped up its wheat and soybean ending stocks view […] Read more

Hogs, Livestock, Reuters

Smithfield shuts South Dakota pork plant over COVID-19

By Reuters, GFM Network News April 9, 2020

Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, is temporarily closing a massive plant at Sioux Falls, S.D., the company said Thursday, after more than 80 workers there tested positive for coronavirus. The shutdown is the latest disruption to the U.S. food supply chain from the pandemic and comes as grocery store […] Read more

GFM Network News

U.S. livestock: Live cattle correct higher

U.S. grains: Soybean futures hit one-month high on U.S.-China trade hopes

Pulse Weekly: AAFC forecast stands pat

Tag Archives pandemic