LIVESTOCK HIGHLIGHTS: Top Stories of the Day
18 Maggio 2020 - 11:30PM
Dow Jones News
TOP STORIES
Sanitizing Newbie? Take a Lesson From a Hog Farmer
A few weeks ago, after Brad Greenway picked up some water-line
fittings from a supplier, he followed his usual practice to avoid
bringing germs into his workplace: he showered, put on a fresh set
of clothes and wiped the parts down with disinfectant.
Mr. Greenway doesn't work in a hospital, nursing home or a
grocery store. He raises pigs on a farm near Mitchell, S.D. The
extensive sanitation measures Americans are adopting to combat the
coronavirus have long been part of day-to-day life with hogs.
"We've always tried to practice good biosecurity," Mr. Greenway
said from the office attached to one of his hog barns, housing some
of the 13,000 pigs his farm produces each year.
Global Unions File Harassment Complaint Against McDonald's --
Market Talk
13:10 ET - An international group of labor unions files a
complaint with the Organization for Economic Cooperation and
Development targeting McDonald's for allegedly failing to protect
workers from sexual harassment in the US, Australia, France, the UK
and other countries. US unions have filed complaints at the burger
chain domestically, but are trying to bring more worldwide
attention to the issues. The OECD can't fine or punish a company,
but can force it to negotiate. McDonald's has said it's stepped up
training throughout the chain to prevent harassment.
(heather.haddon@wsj.com; @heatherhaddon)
STORIES OF INTEREST
Conagra Paying $7 Million in Bonuses to Its Frontline
Workers
Conagra Brands Inc. said Monday it would pay $7 million in cash
bonuses to employees who have helped the food manufacturer get
products made and shipped amid the Covid-19 pandemic.
The Chicago-based company said eligible workers at each of its
50 production and distribution facilities in the U.S., Canada and
Mexico will receive funds.
FUTURES MARKETS
Hog Futures Drop as China Aims to Rebuild Hog Herds -- Market
Talk
15:06 ET - Hog futures on the CME close 0.4% lower to
57.65c/pound amid news Chinese hog producers are hoping to rebuild
hog herds decimated by the spread of African swine fever. "Chinese
groups have stepped forward to claim the country's hog production
may be back to normal by 2021," Karl Setzer of AgriVisor says.
"Large incentives to hog farmers to rebuild their herds is a
primary cause of this, but so is weakened demand from the Covid-19
outbreak." However, Setzer notes, new cases of African swine fever
are being reported in China, making a rebuild of hog herds
difficult. Live cattle futures gain 1.8% at 98.725c.
(kirk.maltais@wsj.com; @kirkmaltais)
CASH MARKETS
Estimated U.S. Pork Packer Margin Index - May 18
Source: USDA, based on Wall Street Journal calculations
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
May 18 +$145.32 +$ 96.69
May 15 +$151.15 +$103.08
May 14 +$159.36 +$110.28
* Based on Iowa State University's latest estimated cost of production.
A positive number indicates a processing margin above the cost of
production of the animals.
Beef-O-Meter
This report compares the USDA's latest beef carcass composite
values as a percentage of their respective year-ago prices.
Beef
For Today Choice 188.3
(Percent of Year-Ago) Select 189.6
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Monday fell $19.37 per
hundred pounds, to $414.95, according to the USDA. Select-grade
prices fell $24.19 per hundred pounds, to $394.87. The total load
count was 179. Wholesale pork prices fell $2.97, to $106.71 a
hundred pounds, based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
May 18, 2020 17:15 ET (21:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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