Reading Time: 2 minutes Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more
McDonald’s sues major beef producers in US price-fixing lawsuit
U.S. livestock: Cattle futures rise on technical buying, economic news
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose and feeder cattle touched a two-month high on Friday on technical trading, with stronger-than-expected September jobs data indicating good consumer demand, analysts said. Hog futures touched their highest level in four months before retreating. Benchmark CME December live cattle futures LCZ24 settled up 0.600 cent at […] Read more
U.S. livestock: CME cattle futures fall as U.S. port strike continues
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange livestock futures fell on technical trading as the session ended on Thursday, according to analysts, after trading both sides earlier in the day. Benchmark CME December live cattle futures LCZ24 settled down 1.300 cents at 186.400 cents per pound. CME November feeder cattle futures FCX24 ended down 0.425 cent at 248.125 cents […] Read more
U.S. livestock: Cattle, lean hogs futures rally on technical buying
Reading Time: < 1 minute Chicago Mercantile Exchange livestock futures firmed on Wednesday, as technical buying sent lean hog contracts higher and cash market prices staying firm giving cattle futures a boost, market analysts said.
US port strike disrupts hamburger supplies, frozen seafood
Beef sector could see ripple effects if strike lasts more than a week, industry says
Reading Time: 3 minutes Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make hamburgers due to limited domestic supplies, traders and industry members said.
Senators told biosecurity bill C-275 is really about trespassing
Reading Time: 3 minutes Witnesses at last week's Senate agriculture committee meetings said a bill purporting to be about biosecurity is not about biosecurity at all.
U.S. livestock: Lean hogs, live cattle futures higher; feeders ease
Reading Time: 2 minutes Chicago Mercantile Exchange lean hog and live cattle futures closed higher on Tuesday, as market participants appear to be betting that the dockworker strike being short-lived, market analysts and traders said.
Klassen: Western Canadian calf markets percolate higher
Reading Time: 2 minutes Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring. These are the main factors influencing the calf markets in Western Canada.
U.S. livestock: CME lean hog, live cattle futures end mostly lower
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mostly lower on Friday, pressured by government data showing the U.S. hog herd expended two per cent during the last quarter as well as worries about a potential strike at U.S. ports next week, analysts said. Some 45,000 union workers could walk off the […] Read more
U.S. farmers call for vaccine option to fight bird flu as wildfowl migration begins
Reading Time: 3 minutes U.S. farmers are increasing pressure to allow vaccinations for chickens, turkeys and cows to protect them from bird flu infections that have devastated flocks for three years,
A message from April Stewart, Country Guide's Associate Editor
