Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday stirred by profit-taking and positioning before the sale of cash cattle as early as Thursday, traders said. Spot October closed 0.275 cent/lb. lower at 139.975, and December down 0.025 cent to 143.15 (all figures US$). February and April closed up 0.275 […] Read more
U.S. livestock: CME live cattle end mixed, hogs weaker
EU to resume beef exports to Canada
Reading Time: 2 minutes Brussels | Reuters –– The European Union is to resume exports of beef to Canada from 19 of its member countries for the first time since 1996, when they were halted in the wake of the BSE scandal. The European Commission said Tuesday that Canada’s action was part of a growing trend to recognize the […] Read more
Subway shifting all U.S. meat supplies to no antibiotics, ever
Reading Time: 2 minutes Chicago | Reuters –– Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said Tuesday. Rivals such as Chipotle Mexican Grill and McDonald’s have announced similar supply-chain shifts, adding pressure on […] Read more
U.S. livestock: Higher beef prices extend CME live cattle advances
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures landed in positive territory for a third day in a row on Tuesday, driven by upward-trending wholesale beef values that may bode well for cash prices later this week, traders said. Spot October closed 1.975 cents/lb. higher at 140.25, and December up 1.525 cents, to […] Read more
Klassen: Feeder cattle prices stabilize
Reading Time: 2 minutes Western Canadian feeder cattle prices stabilized over the past week, trading $5 to $8 higher in comparison to seven days earlier. In Manitoba and eastern Saskatchewan, calves traded up $10 to $15 higher largely due to a resumption in U.S. buying interest. The market was functioning to encourage demand, and with prices $25 to $30 […] Read more
Cattle futures recover, but aren’t about to jump over the moon
Reading Time: 2 minutes CNS Canada — Cattle markets have seen recovery after taking a nosedive in earlier sessions, but prices likely won’t revisit summer highs, according to one analyst. After hammering sharply lower, Chicago Mercantile Exchange live cattle futures saw recovery on Friday, and extended gains into Monday. As of 2 p.m. CT on Monday, spot December live […] Read more
U.S. livestock: CME live cattle up again as beef quotes rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher for a second straight session Monday, supported by the morning’s wholesale beef price increase, traders said. Spot October closed 2.325 cents/lb. higher at 138.275, and December up 2.225 cents to 141.65 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed […] Read more
Villagers in India kill Muslim accused of smuggling cows
Reading Time: 2 minutes Dharamsala, India | Reuters –– Villagers in northern India have killed a Muslim man for allegedly smuggling cattle, police said Saturday, in violence critics say is fuelled by the Hindu nationalist government seeking a nationwide ban of cow slaughter and beef trade. India is the world’s largest exporter of beef and its fifth biggest consumer, […] Read more
U.S. livestock: CME live cattle limit up on strong cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the three cents per pound daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.95 cents/lb. and December rose 2.875 cents, to 139.425 (all figures US$). Live cattle’s trading limit […] Read more
U.S. livestock: Cash price caution undercuts CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Thursday after traders took profits while waiting for this week’s cash cattle trade to develop, traders said. Spot October closed 0.8 cent/lb. lower at 132.95 cents, and December down 0.875 cent, to 136.55 (all figures US$). “It was a quiet day with […] Read more
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