Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell more than two per cent on Friday on long liquidation and slower-than-expected export demand for U.S. pork supplies, analysts and traders said. Traders have been anticipating a jump in U.S. pork exports this year as African swine fever, a deadly hog disease, ravages China’s […] Read more
Tag Archives china
U.S. livestock: CME lean hogs slide on fund liquidation
Brazil lifts suspension of beef exports to China
Sao Paulo | Reuters — Brazil’s government said Thursday it has lifted a suspension of beef exports to China after dealing with an atypical case of BSE, sending shares of Marfrig Global Foods, Minerva and other Brazilian meatpackers soaring. The suspension had been in effect since June 3 after a case was reported in a […] Read more
No proof natural compound prevents swine fever, China ag ministry says
Beijing | Reuters — China’s ministry of agriculture said on Thursday a company which claimed a natural compound was effective in preventing African swine fever did not have government approval to research the virus and its assertions were not scientifically sound. Shopping mall operator Guangdong Highsun Group was questioned by the Shenzhen Stock Exchange earlier […] Read more
Ottawa expands insurance for canola exporters amid China dispute
Ottawa/Winnipeg | Reuters — Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in March, citing pests in shipments by Richardson International and Viterra. That move, which came as Beijing has […] Read more
Ginseng exports not in trouble as claimed
MarketsFarm — China has not halted its ginseng imports from Canada despite allegations to the contrary, a spokesperson from Ginseng Ontario says. Rebecca Coates, executive director for Ginseng Ontario, said China is only one of many export destinations for Canadian-grown ginseng. Other major buyers include Hong Kong, Taiwan, Singapore and Europe. An official from another […] Read more
Canada frets about potential Chinese crackdown on more exports
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said on Thursday he was concerned that China could broaden its crackdown on Canada’s exports, and that he might seek a meeting with Chinese President Xi Jinping later this month. China has already blocked imports of Canadian canola seed and looks set to boost customs examinations […] Read more
Canadian wheat sales to China hit 14-year high despite dispute
Winnipeg/Chicago | Reuters — Canada has shipped the most wheat to China in 14 years, contrasting a sudden halt in canola trade amid a diplomatic dispute between the countries, as Chinese buyers shunned the United States. China bought 1.5 million tonnes of wheat from Canada from August 2018 through April 2019, nearly double the pace […] Read more
U.S. livestock: Feeder cattle rally on corn futures slump
Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures continued to rally on Wednesday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. The burgeoning U.S.-Mexico trade fight pressured Chicago Board of Trade corn futures, despite a Reuters report that corn has been excluded from […] Read more
Increased Chinese inspections on Canadian meat for pork only
Ottawa | Reuters — Chinese plans to boost inspections of Canadian meat imports only affect pork rather than all meat products as the federal agriculture ministry initially stated, a Canadian government official said on Wednesday. A ministry notice seen by Reuters on Tuesday said the Canadian embassy in Beijing had been told Chinese customs agents […] Read more
China to ramp up inspections on all Canadian meat imports
Customs agents in China now plan to open all containers of inbound Canadian meat and meat products and will inspect up to 100 per cent of their contents, Reuters reported Tuesday. The news agency quoted a notice from Agriculture and Agri-Food Canada which said the Canadian embassy in Beijing had been informed of the boost […] Read more
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