Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Tuesday in anticipation of a seasonal bump in supplies that could pressure prices for market-ready or cash cattle, traders said. “It seemed like we delayed some bad news,” said EBOTTrading.com senior analyst John Kleist. Stronger-than-usual beef clearance leading up to Father’s Day […] Read more
U.S. livestock: Lower cash price outlook pulls down CME live cattle
USDA approves vaccine to help fight PEDv
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture has approved the first vaccine that can be sold directly to farmers to help fight a virus that has wiped out an estimated 10 per cent of U.S. pigs, USDA said Monday. Preliminary studies of the vaccine developed by Harrisvaccines “have been promising” in controlling porcine […] Read more
U.S. livestock: Lean hogs fall on profit-taking, technical selling
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange (CME) hogs settled sharply lower on Monday pressured by technical-selling and profit-taking, traders said. Front-month July traded through both the 10-day and 20-day moving average. July also traded at a premium to the CME cash index of 114.75 cents per hundredweight (cwt), which also dragged on the market […] Read more
U.S. livestock: Firm beef prices help drive CME live cattle higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Friday, a move fuelled partly by an uptick in wholesale beef prices, traders said. The morning’s wholesale choice beef price, or cutout, rose 64 cents per hundredweight (cwt) from Thursday to $231.53. Select cuts gained 29 cents to $223.89, the U.S. Department of […] Read more
U.S. livestock: Strong cash prices lift CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange (CME) live cattle futures closed sharply higher Thursday, pushed up by short-covering in response to higher-than-expected prices for slaughter-ready or cash cattle, traders said. Cash cattle in Texas and Kansas moved at $148 per hundredweight (cwt), up $3 from a week ago, according to feedlot sources (all figures […] Read more
U.S. livestock: Profit-taking halts CME feeder cattle rally
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Wednesday, pressured by profit-taking that ended the market’s run of six straight sessions at new highs. “It doesn’t surprise me that futures would take a breather after going up so fast,” a trader said. Futures were also overpriced based on CME’s […] Read more
U.S. livestock: CME feeder cattle touch new highs as supplies tighten
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Tuesday hit a new high for a sixth straight session, driven by a shortage of calves for fattening after several years of drought in the U.S. hurt crops, traders said. However, sufficient grazing pastures now are allowing ranchers to nourish animals to heavier weight […] Read more
U.S. livestock: CME live cattle end two per cent higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle ended sharply higher on Monday, rising two per cent, supported by tight cattle supplies, higher wholesale beef prices and higher cash market prices, traders said. U.S. Department of Agriculture data showed cattle in the cash market traded at $144 per hundredweight (cwt) in Texas last week, […] Read more
EU to test imports of live pigs from Canada, U.S. for PEDv
Reading Time: 2 minutes Brussels | Reuters –– European Union member states on Friday agreed that live pig imports from the U.S. and Canada must be tested for a deadly virus that has killed millions of U.S. piglets. The latest measures complement import requirements on pig blood products that may be used for feeding piglets — requirements to which […] Read more
U.S. livestock: CME lean hogs end higher, live cattle narrowly mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Friday, supported by fund buying, anticipation of high cash prices and tight hog supplies, traders said. Lean hog futures rose more than one per cent on the day as consumer demand for grilling season grows even as pork and beef retail prices rise, […] Read more
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