Nancy Kingsley-Hu likes to think outside the meat box. Once a trader of beer, ice wine and honey to China, she came into the beef business by chance. “Some of my buyers in China were bothering me about pork and beef,” she said from her office at Mount Forest, where her meat processing company, Golden […] Read more
Tag Archives beef exports — page 3
Beef trade interest blossoms into packing plant
Ontario woman decided to purchase a federally inspected plant when an opportunity arose to sell beef to China
U.S. livestock: Cattle, hogs turn up on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange livestock futures ticked higher on Thursday, boosted by short-covering and technical buying after prices probed new lows earlier this week, traders said. Futures for cattle and lean hogs notched narrow gains despite fears of weaker prices in cash markets and a lower trend in wholesale meat values — […] Read more
OIE declares Brazil free of foot-and-mouth, with vaccination
Paris | Reuters — The World Organization for Animal Health (OIE) declared Brazil free of foot-and-mouth disease (FMD) with vaccination on Thursday, opening new export prospects for the world’s largest beef exporter. The OIE already considered most of Brazil to be free of FMD with vaccination. The declaration, which the government had been expecting since […] Read more
U.S. livestock: Fund buying sends CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose sharply for a second straight day on Thursday, driven by short covering and fund buying, said traders. Investors, for now, are focused more on what packers will pay for cattle in the near term than a potential trade war with China, a trader said. On […] Read more
U.S. meat groups fear for market growth with China beef tariff hike
Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more
U.S. livestock: CME live cattle down, but off seven-week lows
Chicago | Reuters — Chicago Mercantile Exchange live cattle slid to a seven-week bottom on Thursday, led by fund liquidation, traders said. Futures’ discount to this week’s slaughter-ready, or cash, cattle prices freed contracts from session lows, they said. April closed 1.2 cents/lb. at 121.775 cents (all figures US$). June finished 1.55 cents lower at […] Read more
Officials aim to forge ahead with TPP as Canada wavers
Tokyo | Reuters — As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada. The member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also […] Read more
U.S. livestock: CME live cattle futures sag
Chicago | Reuters — Chicago Mercantile Exchange cattle futures edged lower on Friday to snap a five-session climb, pressured by technical selling and uncertainty about cash price direction, given that cash cattle did not trade ahead of the closing bell, brokers said. However, after the futures market closed, fed cattle traded lightly in cash markets […] Read more
TPP seen critical for beef sales growth in Japan
Canadian beef producers could be out millions of dollars in new exports if Canada is shut out of the Trans-Pacific Partnership (TPP). Why is it important? Beef exports, especially from Ontario, have been growing significantly to Japan and elsewhere in Asia. Allowing other competitors such as Mexico and New Zealand better access to that market, […] Read more
U.S. livestock: CME live cattle slump, cash prices disappoint
Chicago | Reuters –– Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent gains, pressured by profit-taking following this week’s initial cash prices that fell short of expectations, said traders. To avoid cattle deliveries, some investors sold the October contract either outright or simultaneously bought deferred months in a trading strategy known […] Read more
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