Reading Time: 2 minutes Sao Paulo | Reuters — Meatpacker JBS expects fresh beef exports from Brazil to the U.S. to begin no earlier than 2016, later than the Brazilian government predicted, CEO Wesley Batista said Friday. An agreement between the two countries was signed in June, when Brazilian President Dilma Rousseff visited Washington, but Batista said it would […] Read more
JBS doesn’t see Brazil beef exports to U.S. before 2016
U.S. livestock: CME live cattle sag with initial cash prices
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Friday after traders pocketed profits following lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 0.4 cent/lb. at 148.45 cents, and October one cent lower at 146.85 cents (all figures US$). Cash cattle traded lightly in Texas at […] Read more
U.S. livestock: CME live cattle snap back from early session losses
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Thursday, fueled by short-covering and technical buying that turned back initial selling, traders said. October led the day’s rally as investors bought that contract and simultaneously sold August ahead of its expiration on Aug. 31. Spot-August futures closed up 0.15 cent/lb. at […] Read more
U.S. livestock: CME live cattle slump on fund selling, cash unease
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell on Wednesday, hit by cash price caution and fund liquidation after drifting below key technical levels, traders said. Spot-August futures closed down 1.475 cents/lb. at 148.7 cents (all figures US$). October finished 2.55 cents lower at 146.6 cents, and under the 20-day moving average of […] Read more
U.S. livestock: CME lean hogs finish mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs finished mixed on Tuesday, supported by futures’ discounts to CME’s recent hog index at US78.9 cents, but pressured by weak cash and wholesale pork values, traders said. Spot-August futures, which will expire on Aug. 14, closed up 0.075 cent/lb. at 76.725 cents, and most-active October 0.625 […] Read more
Klassen: Softer fed cattle market weighs on feeder prices
Reading Time: 2 minutes Western Canadian feeder cattle traded at similar levels to seven days earlier on very light volumes and little buying interest. Most auction barns were closed and cattle buyers are on holidays, so drawing market information is like the young cowboy at the high school dance — his mind is anywhere but on the markets. Limited […] Read more
U.S. livestock: CME hogs down again as supply worries persist
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs extended losses into a fourth straight session on Monday as hefty supplies stifled cash and wholesale pork prices, traders said. Spot-August futures closed down 0.675 cent/lb. at 76.65 cents, and most-active October closed 1.15 cents lower at 62.975 (all figures US$). On Monday, packers processed 426,000 […] Read more
U.S. livestock: Lower cash prices drop hog futures
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs slumped for a third consecutive session on Friday as hefty supplies continued to drag down prices for market-ready (cash) hogs, traders said. Spot-August futures finished 0.75 cent/lb. lower at 77.325 cents, and most-active October down 0.325 cent at 64.125 cents. Friday morning’s average hog price in […] Read more
Cargill posts Q4 loss on one-time charges, revenue down
Reading Time: 2 minutes Reuters — Cargill Inc. on Thursday became the latest large agribusiness to report disappointing quarterly results as one-time charges and slowing economies in key emerging markets stung the privately held global commodities trader. Minnesota-based Cargill said it lost a net $51 million in the fiscal fourth quarter ended May 31, compared with a profit of […] Read more
U.S. livestock: Bearish fundamentals sink CME hog futures
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs tumbled more than two per cent on Thursday following the morning’s cash hog and wholesale pork price retreat, traders said. Spot-August futures finished 2.15 cents/lb. lower at 78.075 cents, and most-active October down 2.325 cents at 64.45 cents (all figures US$). Thursday morning’s average market-ready (cash) […] Read more
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