Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday drifted to a two-year low, with October down the 4.5-cent daily price limit, as wholesale beef values and preliminary cash prices continued to sag, traders said. Spot-October settled at 124.675 cents/lb. (all figures US$). December ended 3.225 cents lower at 130.925 cents. Live […] Read more
U.S. livestock: CME live cattle hit two-year low on beef, cash prices
U.S. livestock: CME live cattle, feeder cattle slump limit down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday fell by their three-cent daily price limit as lower-trending wholesale beef values stirred expectations for another round of weaker cash prices later this week, traders said. Spot-October and December closed at 129.175 and 134.150 cents/lb., respectively (all figures US$). Live cattle’s trading limit […] Read more
Klassen: Feeder cattle market remains under pressure
Reading Time: 2 minutes Western Canadian feeder cattle prices traded $3 to $7 lower in comparison to week-ago levels as the market continues to digest the weaker fed market and softer wholesale beef values. Feedlot operators were more cautious, realizing the current prices don’t pencil profitably, while the deferred live cattle futures dropped like a power window. Financial risk […] Read more
U.S. livestock: CME live cattle mostly firm after choppy day
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mostly firm on Monday after a volatile session stirred by bear spreading as investors sold the October contract and bought deferred months, traders said. They added that negative market fundamentals and anticipation of possible deliveries next Monday (Oct. 5) contributed to active bear spreading. […] Read more
McDonald’s to offer first-ever organic burger, in Germany
Reading Time: 2 minutes Reuters — McDonald’s will offer its first-ever 100 per cent organic beef hamburger for a limited time in Germany, as a growing number of global diners demand food that is more natural and less processed. From Oct. 1 to Nov. 18 McDonald’s will offer “McB” burgers, made with organic beef sourced from organic farms in […] Read more
U.S. livestock: Bargain hunters send CME live cattle, feeders limit up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up their three-cents-per-pound daily price limit, ignited by active short-covering and bargain hunting after contracts recently tumbled to two-year lows, traders said. Spot-October and December finished at 133.7 and 137 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: CME live cattle again sink to two-year bottom
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped to a two-year low for a second consecutive session on Thursday, weighed on by seasonally slack beef demand, traders said. But, they said, late-session bargain hunting and short-covering lifted CME live cattle from morning lows. Spot-October closed 2.525 cents/lb. lower at 130.7 cents, after […] Read more
Klassen: Narrow margins weigh on feeder market
Reading Time: 2 minutes Western Canadian feeder cattle prices were under pressure the week ending Sept. 19, trading $5 to as much as $10 lower compared to seven days earlier. Negative feeding margins along with a major selloff in live cattle futures destroyed the buying enthusiasm that was evident earlier in August. Feedlot operators appeared to be in disarray, […] Read more
Livestock seen threatened as biting insects press north
Reading Time: 2 minutes Bluetongue’s most recent appearance in the Canadian cattle herd may be a taste of what’s to come as insect species expand northward, a new study warns. Anna Zuliani, previously a graduate student in veterinary medicine at the University of Calgary (UCVM), recently published a paper on how geographical distribution of biting midges relates to the […] Read more
U.S. livestock: CME live cattle plunge limit down to two-year low
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to a two-year low, and by their three-cent-per-pound daily price limit, amid a seasonal slowdown in beef demand and lower expectations for cash prices this week, traders said. Spot-October and December respectively closed at 133.225 and 135.75 cents/lb., which are also their […] Read more
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