It has been a real struggle for meat packers to hold or build slaughter capacity during the COVID-19 outbreak. Not too long ago analysts thought slaughter levels would not increase to 80% of capacity until mid summer but in both Canada and the U.S., the weekly slaughter is climbing back faster than first thought. The… Read More

Since the fall of 2019, beef packer profits have received major attention by ranchers and feedyards. Much of the discussion started after the packing plant fire in Kansas, but has exploded recently due to the results of the COVID-19 pandemic. Packers have struggled to stay online due to COVID-19 cases related to the plant, and… Read More

The value of beef cutouts has reached record highs over the last few days, as packing plant capacity has been reduced by shutdowns in the U.S. and Canada. At the same time, those shutdowns have put immense pressure on cash cattle prices. “In the U.S. for the cash cattle that are trading, they are going… Read More

U.S. President Donald Trump has unveiled his three-step plan to re-open the economy, entitled “Opening up America Again.” Along with the announcement, the president has started encouraging political allies to “liberate” certain states that have shelter-in-place (social distancing) measures currently in effect. There’s no question, the economic impact of social distancing is very evident in… Read More

Ontario’s beef producer group has asked both beef and dairy producers to hold back cull cows in an attempt to ease the pinch on beef processing capacity during the COVID-19 pandemic. Processing backlogs have plagued the eastern Canadian beef sector for many months due to a lack of sufficient processing capacity and plant closures, says… Read More

The fourteen day closure of an Olymel hog plant in Quebec has Ontario pork producers scrambling to find a slaughter destination for their finished hogs. Ontario producers normally ship around 20,000 pigs to Quebec for processing each week. The plant at Yamachiche, Que. and its 1000 employees have not been operating since March 29 after… Read More

 

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