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(JBSsa.com)
Hogs

Brazil’s JBS concludes acquisition of Cargill pork unit

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Reading Time: < 1 minute Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Steep drop in pork belly prices sink CME lean hog futures

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Reading Time: 2 minutes Chicago / Reuters – Chicago Mercantile Exchange lean hog futures ended lower on Thursday, pressured by downward-trending cash and wholesale pork prices, traders said. December closed down 1.525 cents per lb to 59.875 cents, and February was 1.500 cents lower at 63.000. Cash hog prices in the Iowa/Minnesota hog market on Thursday afternoon sagged $1.25 […] Read more
Austrian politician Andrae Rupprechter posted a picture of himself on his Facebook page with a platter of cold cuts, calling the WHO report a “farce.” Twitter
Hogs

#FreeBacon sizzles on social media

WHO review: Negative tweets outnumber positive ones by more than 6.5 to one

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Reading Time: 2 minutes Bacon lovers took to social media on Tuesday to express disdain over a World Health Organization report that said processed meat is likely to cause cancer. The hashtags #FreeBacon, #Bacongeddon and #JeSuisBacon were among the top-trending topics worldwide on Twitter for a second straight day. Celebrities, politicians and ordinary consumers were reacting to Monday’s announcement […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures rally by 3-cents/lb price limit

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb daily price limit on Wednesday, boosted by short-covering in response to improved wholesale beef demand and Tuesday’s better-than-expected preliminary cash prices, traders said. Spot October and December ended at 139.675 and 143.600 cents per lb. Live cattle’s trading limit […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close lower, but up from session lows

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved, following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents/lb. lower at 136.675 cents, but is currently down 0.675 cents, to 138.875, in electronic trading […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle, hogs sag while digesting meat warnings

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Hogs, Livestock, Markets, Reuters

China to resume imports from U.S. pork plants

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Reading Time: < 1 minute Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle finish mostly weak before USDA report

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Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed down slightly on Friday after investors tweaked positions in advance of Friday’s government’s monthly Cattle-On-Feed report at 2 p.m. CT. Analysts expect the report to show fewer cattle entered feedlots last month than in September 2014. “We were getting a bit over-bought and […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close higher, hogs lower

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures gained on Thursday in anticipation of an increase in prices for market-ready (cash) cattle by Friday, traders said. Investors adjusted positions before Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. USDA will issue the monthly cold storage report on Thursday at 2 p.m. […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle end mixed, hogs weaker

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mixed on Wednesday stirred by profit-taking and positioning before the sale of cash cattle as early as Thursday, traders said. Spot October closed 0.275 cent/lb. lower at 139.975, and December down 0.025 cent to 143.15 (all figures US$). February and April closed up 0.275 […] Read more

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