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Livestock, Markets

U.S. livestock: CME lean hogs firm as market-ready supplies remain soft

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Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures gained for a second day on Tuesday, supported by lower supplies of market ready hogs as the August futures contract nears expiration. “Until we start seeing better numbers coming forward on packer runs, I think that’s going to elevate things a little bit,” said Matthew […] Read more
Photo: File
Crops, Markets

U.S. grains: Soybeans fall on improved crop outlook, forecast

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Reading Time: < 1 minute Chicago | Reuters – Chicago soybean futures sank on Tuesday after the previous day’s better-than-expected crop conditions report coupled with forecasts for rain across the U.S. Midwest as the oilseed begins to set seed pods. Corn and wheat also fell but found support from earlier hot, dry weather that will likely cut yields. The most-active […] Read more
Nelson Aquino observes his pig farm after pigs died of African swine fever, as the government announced the slaughter of tens of thousands of pig after detecting outbreaks of African swine fever in pigs farms across the country, in Palmarito, Monte Cristi, Dominican Republic August 1, 2021. Photo: Reuters/Ricardo Rojas
Livestock

Dominican Republic to kill thousands of pigs over swine fever outbreak

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Reading Time: < 1 minute Santo Domingo | Reuters – The Dominican Republic will slaughter tens of thousands of pigs after detecting outbreaks of African swine fever in 11 of the country’s 32 provinces, authorities said on Monday. Fernando Duran, administrator of the state-run Banco Agricola, told a news conference the government will pay pig farmers the market price of each animal […] Read more
Photo: Thinkstock
Crops

Pulse weekly outlook: Dry edible beans faring well in Manitoba weather

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Reading Time: < 1 minute MarketsFarm – Like all crops, dry edible beans have been affected by the high heat and drought-like conditions which have plagued most of Manitoba this summer. However, they have weathered the conditions better than most, according to Manitoba Agriculture’s provincial pulse specialist. “For the most part, the dry beans are looking okay,” said Dennis Lange. […] Read more
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Meatpacker Tyson Foods mandates Covid vaccines for workers

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Reading Time: < 1 minute Reuters – Tyson Foods Inc said on Tuesday it was mandating COVID-19 vaccinations for its entire workforce, joining a growing list of major U.S. companies as they face renewed pandemic restrictions due to the fast-spreading Delta variant. Surging COVID-19 cases and new guidance from the U.S. Centers for Disease Control and Prevention (CDC) that requires […] Read more
Photo: Canada Beef Inc.
Livestock, Markets

Klassen: Drought conditions spur on fall cattle run

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Reading Time: 2 minutes Compared to last week, Western Canadian feeder yearling prices were relatively unchanged; calves traded $2 to $5 lower. The fall run has started. Drought like conditions have caused many ranchers to sell cattle 30 to 45 days earlier than normal. Steers averaging 900 pounds were readily trading in the range from $185 to $190; steers […] Read more
“The emergence of ASF in the Dominican Republic underscores the need for continued and strengthened vigilance to prevent the spread of ASF to other regions.” – CFIA. Photo: iStock/Getty Images Plus
Livestock, Markets

Dominican Republic restricts pig shipments after ASF confirmed

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Reading Time: 3 minutes Reuters – The Dominican Republic is restricting pig shipments and mobilizing the military to contain the spread of African swine fever (ASF), the agriculture ministry said July 29, as the United States and Mexico tightened border checks to avoid infections. In an official statement July 29, Canadian Food Inspection Agency (CFIA) also said it was […] Read more
A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)
Machinery

CNH Industrial bets on strong market to counter worst supply chain situation

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Reading Time: 2 minutes Milan | Reuters – Italian-American vehicle maker CNH Industrial on Friday raised its revenue and free cash flow forecasts for this year, confident an industry cyclical upturn would help it offset a severe impact from supply chain constraints. “It’s the worst supply chain situation I’ve seen in my career,” Chief Executive Scott Wine told analysts. […] Read more

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