Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered […] Read more
U.S. livestock: CME live cattle grind to 16-month low
U.S. livestock: Bargain hunting, USDA report boost CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished higher on Monday, fueled by bargain hunting and short-covering following a four-day losing streak, traders said. Spot-October closed one cent per pound higher at 137 cents, and December ended up 1.375 cents, to 139.75. Traders said CME live cattle were further supported by Friday’s […] Read more
U.S. livestock: CME cattle repeat lows before USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday sank to new contract lows, and hit their lowest in 16 months, for a third consecutive session, pressured by lackluster wholesale beef demand, traders said. Investors exercised caution before the U.S. Department of Agriculture’s monthly Cattle on Feed report today at 2 p.m. […] Read more
McDonald’s investor wants it to cut antibiotics in all meats
Reading Time: 2 minutes Los Angeles | Reuters –– A McDonald’s Corp. shareholder group is renewing its call for the fast-food chain to stop buying any meat from animals raised with antibiotics vital to fighting human infections. The move from the Congregation of Benedictine Sisters of Boerne, Texas, comes amid growing concern from public health experts that the overuse […] Read more
NAFTA countries debate COOL harm at WTO
Reading Time: 2 minutes Canada and Mexico have made their case before a World Trade Organization arbitration panel on how much tariff revenge they’re allowed to impose on U.S. goods over country-of-origin labelling (COOL). The WTO “has ruled four times that the U.S.’s COOL rules are discriminatory,” Canadian Pork Council chairman Rick Bergmann said in a council release Wednesday […] Read more
U.S. livestock: CME live, feeder cattle ease to 16-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit a 16-month bottom, falling to contract lows for a second straight session, on lower wholesale beef values and further cash price weakness, traders said. Spot-October closed 0.75 cent/lb. lower at 136.85 cents, and earlier marked a contract low of 136.525 (all figures […] Read more
U.S. livestock: CME live, feeder cattle sink to new contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped to fresh contract lows on Wednesday, and October dropped by the three-cent-per-pound daily price limit, on liquidation ahead of possibly lower cash prices later this week, traders said. Spot-October closed at 137.6 cents, its new contract low (all figures US$). December ended at 139.475 […] Read more
Study alleges U.S. fast food still mostly raised on antibiotics
Reading Time: 2 minutes Los Angeles | Reuters –– Most large U.S. fast-food chains still serve meat from farm animals that have been routinely fed antibiotics, consumer groups said in a new report, which concluded that many companies have not yet laid out plans to curb the practice. Subway, Starbucks, KFC and Domino’s Pizza were among the industry leaders […] Read more
Yukon to help cover livestock vets’ travel costs
Reading Time: < 1 minute The Yukon government has launched a pilot program to help cover veterinarians’ travel and service expenses for farm calls. The territory government on Tuesday announced it will accept up to 30 farmers for the pilot of the Veterinary Services Program, running from now to the end of March 2016. The program will reimburse participating veterinarians […] Read more
U.S. livestock: CME hogs climb as cash prices firm
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs climbed four per cent on Tuesday, pulled up by short-covering following the recent bump in cash prices that may have ended their two-week losing streak, traders said. Spot October ended up 2.55 cents/lb. at 69.375, and December 1.6 cents higher at 63.85 (all figures US$). Tuesday […] Read more
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