Insights and Stories on Coronavirus

Apr. 21, 2020 at 5:06 pm CDT

Chicago | Reuters — CME Group hog futures advanced for the second day in a row on Tuesday, with supplies remaining tight due to shutdowns at slaughterhouses due to the coronavirus pandemic. Cattle futures were weaker, pressured by a sharp drop in equity markets. “Cattle are more closely tied with […]

By Mark Weinraub

Apr. 21, 2020 at 2:55 pm CDT

Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before […]

By Kelsey Johnson, Rod Nickel

Apr. 20, 2020 at 5:42 pm CDT

Chicago | Reuters — U.S. hog futures rallied on Monday, with supply expected to tighten after another slaughterhouse was shut down due to the coronavirus pandemic, traders said. “If we have packers up and running we know we have the domestic demand,” said Ted Seifried, chief market strategist for Zaner […]

By Mark Weinraub

Apr. 20, 2020 at 5:07 pm CDT

Reuters — Cargill Ltd. said Monday it had begun the process of temporarily idling its beef plant at High River, Alta. because of the COVID-19 outbreak as provincial health officials said hundreds of workers at the plant had become infected. In her daily media update, Alberta chief medical officer Deena […]

By Kelsey Johnson

Apr. 20, 2020 at 2:45 pm CDT

Chicago | Reuters — JBS USA said on Monday it would indefinitely shut a Minnesota hog slaughterhouse that produces about five per cent of the country’s pork, in the latest disruption to the U.S. food supply chain from the coronavirus pandemic. The closure limits the amount of meat the United […]

By Reuters