Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle finished moderately higher on Thursday, at first lifted by short-covering and technical buying that later gave way to initial lower cash prices, traders said. October ended up 0.375 cent/lb. at 141.6 cents, and December 0.55 cent higher at 143.875 cents. Earlier on Thursday, a small number […] Read more
U.S. livestock: CME live cattle rise, but off session highs
U.S. livestock: Brisk pork demand pushes CME lean hogs higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed up more than two per cent Wednesday on short-covering after a third straight session of wholesale pork price gains, traders said. Spot October closed 1.8 cents/lb. higher at 69.775 cents, and December up 1.7 cents at 64.675 (all figures US$). Wednesday morning’s wholesale pork price […] Read more
U.S. livestock: CME live cattle take biggest drop in four months
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle fell three per cent on Tuesday, their biggest one-day percentage setback since early May, following the U.S. stock market tumble amid global financial concerns, traders said. Spot-October settled 1.875 cents/lb. lower at 141.325 cents, and December down 1.8 cents at 143.625 cents (all figures US$). Wall […] Read more
Chipotle sued over GMO-free menu claims
Reading Time: 2 minutes Reuters — Chipotle Mexican Grill’s new GMO-free menu claims have lured diners and boosted the burrito chain’s stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to […] Read more
Klassen: Feeder market shrugs off economic uncertainty
Reading Time: 2 minutes Western Canadian feeder cattle prices traded near historical highs this past week despite the chaos in the financial sector and weakness in the fed cattle market. Major operations continued to be aggressive on yearlings, setting a positive tone. The feedlot equity buildup over the past year appears to have increased the risk tolerance and quality […] Read more
U.S. livestock: CME live cattle fall, hogs rise on month-end trading
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by weak wholesale beef values and profit-taking on the final trading session of the month, traders said. Spot-August futures, which expired at noon CT, settled 1.025 cents/lb. lower at 145.5 cents (all figures US$). October, the new lead month, ended […] Read more
U.S. livestock: Cash price sentiments extend CME live cattle gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week’s cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents/lb. higher at 146.525 cents, and October up 1.425 cents, at 143.975 cents (all figures US$). “Feedyards and […] Read more
U.S. livestock: Wall Street surge rallies CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, prodded by the stock market comeback as data showed better-than-expected second-quarter U.S. economic growth, traders said. Renewed consumer confidence in the economy could support demand for U.S. goods, including meat, they said. Short-covering and bargain hunting furthered CME live cattle market advances […] Read more
U.S. livestock: Cattle fall to 15-month low on beef demand worries
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle fell to the lowest levels more than a year on Wednesday as investors sold off holdings on worries the recent downturn in global equities markets will result in lower demand for pricy meat cuts such as steaks. Anticipation of lower trade in cash cattle markets in the U.S. […] Read more
U.S. livestock: Hogs hit two-month high on export hopes
Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hog prices jumped two per cent to the highest in more than two months on Tuesday, extending steep gains from the previous session on hopes of increased export demand, especially to China, traders and analysts said. Expectations that prices may have reached their seasonal bottom also prompted speculative buying […] Read more
A message from April Stewart, Country Guide's Associate Editor
