Reading Time: 2 minutes London | Reuters — A new gene that makes bacteria highly resistant to a last-resort class of antibiotics has been found in people and pigs in China — including in samples of bacteria with epidemic potential, researchers said Wednesday. The discovery was described as “alarming” by scientists, who called for urgent restrictions on the use […] Read more
New ‘superbug’ gene found in animals, people in China
U.S. livestock: CME live cattle finish strong after wild ride
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Tuesday amid massive short-covering spurred by higher wholesale beef values that overcame selling led by lower cash price expectations for later this week, traders said. Spot December finished at 128.025 cents/lb., up 0.35 cent, and February 0.925 cent higher at 130.575 cents […] Read more
U.S. livestock: CME live cattle tumble limit down
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished Monday’s session down by their three cents/lb. daily price limit after late Friday’s cash prices fell short of expectations, traders and analysts said. Spot December finished at 127.675 cents/lb., and February at 129.65 cents (all figures US$). Live cattle’s trading limit will be expanded […] Read more
U.S. livestock: Heavy meat supplies sour CME cattle, hog futures
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange cattle futures fell sharply on Friday, rounding out the week on a sour note as traders sought cover amid a steep downturn in wholesale beef prices. CME live cattle and feeder cattle futures gave back much of the gains they had made in the past two sessions, after […] Read more
U.S. livestock: CME live cattle, hogs continue gains for second day
Reading Time: 2 minutes Chicago | Reuters — Livestock futures traders continued to hunt for cover on their short positions Thursday, resulting in Chicago Mercantile Exchange cattle futures climbing a second day after prices slid to contract lows earlier this week. The Chicago Mercantile Exchange saw live cattle and feeder cattle futures on Wednesday bounce back strongly from contract […] Read more
Merck to buy Harrisvaccines to boost livestock portfolio
Reading Time: < 1 minute Chicago | Reuters — Merck and Co.’s animal health unit will buy privately-held Harrisvaccines to expand its portfolio of animal vaccines as the U.S. livestock industry seeks new defenses against diseases, the companies said on Thursday. Financial details were not disclosed. The deal, which is expected to close by year-end, follows rival Zoetis’ agreement, announced […] Read more
U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff
Reading Time: 2 minutes Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows, […] Read more
Olymel buying into Quebec pork packer Lucyporc
Reading Time: 2 minutes Canada’s biggest pork and poultry exporter is set to take a stake in a Quebec pork packer specializing in cuts for the Japanese market and other overseas buyers. Olymel, the meat packing and processing arm of Quebec’s Coop Federee, announced a share exchange Monday with Quebec livestock producer and processor Groupe Robitaille, which would give […] Read more
U.S. livestock: Live cattle, feeders fall to contract lows on fund selling
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged to contract lows on Tuesday while lean hogs also extended recent losses, pulled down by ample supplies of animals for slaughter, and meat in storage. Expectations for lower cattle prices in cash markets also weighed. Live cattle and feeder cattle had declined by […] Read more
U.S. livestock: Technical trading, holiday fears sour hog, cattle futures
Reading Time: 2 minutes Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping […] Read more
A message from April Stewart, Country Guide's Associate Editor
