Insights and Stories on Coronavirus

Mar. 30, 2020 at 8:31 pm CDT

Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more […]

By Piper Whelan

Mar. 30, 2020 at 6:04 pm CDT

Chicago | Reuters — U.S. lean hog futures on Monday sank by an expanded daily limit and cattle futures weakened on increased concerns that slaughterhouses will close due to the spread of the COVID-19 coronavirus. Traders worry that shutdowns could back up supplies of livestock by removing markets for the […]

By Tom Polansek

Mar. 30, 2020 at 6:44 am CDT

The COVID-19 coronavirus has made its way into the labour pool at a major pork packing plant in Quebec’s Mauricie region, forcing a two-week shutdown. Olymel, the meat packing arm of Quebec-based Sollio Co-operative Group, announced Sunday it will temporarily close its hog slaughter and cutting plant at Yamachiche, about […]

By GFM Staff

Mar. 27, 2020 at 7:18 pm CDT

Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend […]

By Julie Ingwersen

Mar. 27, 2020 at 1:32 am CDT

Washington | Reuters — Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns. Wholesale prices of “Midwest large” eggs hit an all-time high of $3.09 a dozen on Thursday, triple their […]

By Andrea Shalal