Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures ended lower on Tuesday, weighed down by concerns that unseasonably cool midsummer weather will persist into the fall and boost supply by putting weight on hogs quicker, traders and analysts said. Hog weights have declined modestly so far this summer, but remain well above last year’s […] Read more
U.S. livestock: CME hogs fall on worries of supply increase ahead
LIVESTOCK: CME live cattle end lower, but off session bottoms
Reading Time: 2 minutes Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, partly pressured by residual profit-taking and fund liquidation after Thursday’s deep losses, traders said. However, futures closed off morning lows following initial reports of a less-than-expected decline in the price for market-ready, or cash, cattle. “Judging by big futures losses on Thursday and […] Read more
LIVESTOCK: CME live cattle fall, pressured by equities tumble
Reading Time: 2 minutes Chicago Mercantile Exchange live cattle contracts closed sharply lower on Thursday, pulled down by the stock market’s sheer drop caused by European deflation and Argentina default worries. Wall Street investors dumped long positions across a broad range of commodities, including CME livestock futures, an analyst said. Global economic jitters could undermine consumer confidence, which could […] Read more
U.S. appeals court upholds federal meat labelling regulation
Reading Time: 2 minutes A U.S. appeals court on Tuesday rejected a food industry challenge to a federal rule concerning labelling requirements for meat, marking a potential setback for other businesses fighting federal regulations on free-speech grounds. For the second time, the U.S. Court of Appeals for the District of Columbia Circuit said the 2013 regulation could be enforced. […] Read more
LIVESTOCK – CME hogs futures fall with sagging cash prices
Reading Time: 2 minutes CHICAGO, July 29 (Reuters) – Chicago Mercantile Exchange hogs on Tuesday finished lower following slumping prices for ample supplies of slaughter-ready animals, traders said. August finished 2.225 cents per lb lower at 121.450 cents, and October down 0.550 to 106.075. The morning’s average price of hogs in Iowa/Minnesota fell $1.23 per cwt from Monday, and […] Read more
LIVESTOCK: CME hog futures slide on weaker cash, pork prices
Reading Time: 2 minutes Reuters — Chicago Mercantile Exchange hog futures on Thursday finished lower, pulled down by softer cash hog and wholesale pork prices, traders said. August finished 1.375 cents per lb lower at 123.200 cents, and October at 107.900, 2.550 cents lower. The average price of market-ready, or cash, hogs Thursday morning in the eastern Midwest, fell […] Read more
U.S. court upholds FDA animal feed policy despite health concern
Reading Time: 2 minutes Reuters — A divided federal appeals court on Thursday upheld a U.S. Food and Drug Administration policy allowing the use of various antibiotics in animal feed, even if such use might endanger the public health. Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in New York said the FDA was empowered […] Read more
Panel’s report likely to tie farm antibiotics to human resistance
Reading Time: 2 minutes Reuters — A White House advisory committee is expected to acknowledge the link between antimicrobial resistance in humans and livestock being fed antibiotics when it issues its report in the next few weeks, according to the transcript of a committee meeting held earlier this month. But how much of the public health problem can be […] Read more
LIVESTOCK: CME hogs drop 3-cent price limit as funds sell off
Reading Time: 2 minutes Chicago/Reuters — Most Chicago Mercantile Exchange hog futures on Wednesday closed down the 3-cents per lb maximum daily price limit in the wake of fund liquidation, traders said. August ended 3.000 cents per lb lower at 124.575 cents, and October at 110.450, 3.000 cents lower. Packers snug on supplies for the week, and grocers reluctant […] Read more
LIVESTOCK: CME live cattle jump about 2 pct on record beef prices
Reading Time: 2 minutes Reuters — Chicago Mercantile Exchange live cattle futures rose almost 2 per cent on Tuesday, fueled by short-covering in response to record-high beef prices, traders said. Tuesday morning’s wholesale price for choice beef surged $3.07 per hundredweight (cwt) from Monday to an all-time high of $253.59. Select beef climbed $2.10 to a record $246.18, according […] Read more
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