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U.S. livestock: CME live cattle sink on fund selling

Commodities funds take risk-off stance due to COVID-19

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell sharply in actively traded nearby contracts on Wednesday as concerns about the spread of coronavirus and its impact on demand triggered active selling by commodities funds. Slumping cash market prices further fueled the slide, with the benchmark April contract sinking to its lowest point […] Read more

U.S. livestock: CME cattle extend losses

COVID-19 coronavirus continues to rattle investors

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures fell sharply for a second consecutive day on Tuesday as fears of a coronavirus pandemic stoked concerns about demand and slower global economic growth. Commodities funds liquidated more of their sizable long holdings in cattle after the U.S. Centers for Disease Control and […] Read more

Cattle inventories continue to decline, StatsCan says

Canada's hog herd also down on year

Reading Time: < 1 minute MarketsFarm — Canada’s cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in […] Read more

Klassen: Calves remain firm while yearlings falter

Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $3-$5 lower while calves and grassers traded within $5 on either side of unchanged. Calves were extremely variable with similar weight cattle sometimes trading $6-$8 apart at the same sale. Supplies of calves coming on the market appear to be lower than last year. This may […] Read more

U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more


U.S. livestock: CME hog futures firm

Cattle contracts ease

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures ended higher on Friday on a mild technical bounce while cattle contracts weakened. Feeder cattle contracts were under pressure from profit-taking following six straight days of gains that pushed the front-month contract to its highest since Jan. 30. CME lean hog futures for April delivery ended […] Read more

JBS to buy U.S. meat processor Empire Packing

Reading Time: < 1 minute The U.S. arm of Brazilian meat packing giant JBS plans to expand its footprint in case-ready further processing with a deal for Memphis-based Empire Packing. Empire operates meat and poultry processing plants in its home town of Memphis as well as in Cincinatti, Denver, Olympia, Wash. and Mason, Ohio. It also makes the Ledbetter line […] Read more

U.S. livestock: Hogs weaken on profit taking, cattle mixed

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell from a 3-1/2 week high on Thursday on a round of mild profit-taking following four straight days of gains. Live cattle futures also were lower while feeder cattle contracts edged higher, their sixth straight day of gains. CME lean hog futures for April delivery ended […] Read more


Ontario offers cash for abattoir upgrades

Applications now being accepted through April

Reading Time: 2 minutes Ontario’s 123 provincially-licensed abattoirs can now start applying for a piece of $2 million in federal/provincial funding to step up food safety, biosecurity and animal welfare measures. The Ontario and federal governments on Wednesday announced applications for cost-share funding can be submitted between now and April 30, “as long as funding for the initiative is […] Read more