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
Tag Archives Swine — page 11
U.S. livestock: CME live cattle sink on fund selling
Commodities funds take risk-off stance due to COVID-19
U.S. livestock: Cattle sag on weaker cash trade
Coronavirus jitters also rattle cattle markets
Chicago | Reuters –– U.S. live cattle futures fell on Tuesday, with the benchmark April contract touching its lowest since late September on falling cash cattle prices and worries about the impact of the coronavirus outbreak in China, traders said. Cash cattle traded lightly in Kansas and Nebraska at $119-$120 per cwt, traders said, down […] Read more
U.S. livestock: Cattle set multi-month lows as virus fears hit markets
Chicago | Reuters — U.S. live and feeder cattle futures touched their lowest prices in months on Friday as traders booked profits amid fears about the spread of a new virus from China. Broad selling also hit hog futures, along with equities and crude oil as investors moved into safe-haven assets. Developments in the spread […] Read more
Rising protein demand expected in 2020
Canada able to serve both plant- and animal-based protein markets
MarketsFarm — Demand for plant- and animal-based proteins alike is likely to increase in the coming year. Since 2017, pea protein demand increased by about 13 per cent, Craig Klemmer, chief agriculture economist at Farm Credit Canada, said at Ag Days in Brandon, Man. Over the same time period, demand for canola protein increased by […] Read more
VIDO-InterVac joins swine fever fight
The University of Saskatchewan’s vaccine research and development arm is set to become Canada’s first non-government agency to work with the African swine fever virus. Saskatoon-based Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) will start work with the virus this month at its Containment Level 3-Agriculture (CL3-Ag) facility, the Canadian Food Inspection Agency said […] Read more
South Korea confirms new cases of African swine fever
Seoul | Reuters — South Korea has confirmed new cases of African swine fever at hog farms in cities near the capital Seoul after the country’s first outbreak of the deadly virus last week, the agriculture ministry said on Monday. The new case occurred at a pig farm with about 1,800 pigs in the city […] Read more
U.S. livestock: Feeder cattle near six-week high
Chicago | Reuters — U.S. feeder cattle and live cattle futures hit their highest prices since August on Thursday, supported by strength in the cash market, before ending mixed. Cash cattle had set the firmer tone on Wednesday, trading for $101/cwt in Texas and Kansas, up from a range of $97-$100 in Texas last week […] Read more
Hog market at seasonal lows, turnaround expected
MarketsFarm — The Canadian hog market may be at its seasonal lows, but tightening worldwide supplies should underpin values over the next few months. “We’re at a seasonal time of year when prices move lower,” said Brad Marceniuk, livestock economist with Saskatchewan Agriculture, pointing to higher U.S. slaughter numbers and a slowdown in North American […] Read more
U.S. livestock: Live cattle extend recovery from nine-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures shot higher on Wednesday on short covering and technical buying as the market extended a rebound from a nine-year low this week. CME October live cattle futures ended up 2.35 cents at 98.5 cents/lb. (all figures US$). The market has climbed since October live cattle […] Read more
U.S. livestock: CME hogs limit up as trade tensions cool
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures jumped Monday as U.S. President Donald Trump predicted a trade deal with China after positive gestures by Beijing. Signs of cooling trade tensions supported the market, traders said, after China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year […] Read more
Cyber-Savvy Farmer
