Reading Time: 2 minutes Winnipeg | Reuters — Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. The Canadian government is likely to target beef, pork, California wines, mattresses, cherries and office furniture, possibly along with other goods, from […] Read more
Canada preparing shorter list of tariff targets in COOL fight
U.S. livestock: CME live cattle close mostly weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound […] Read more
U.S. livestock: CME live cattle rally on discount to cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight […] Read more
U.S. livestock: Slumping beef prices rattle CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price […] Read more
U.S. livestock: Short-covering pushes CME live cattle, hogs higher
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle climbed for a second straight session on Thursday, fuelled by short-covering and positioning on the eve of the last trading day of May, traders said. June closed 1.025 cents per pound higher at 153.5 cents, and August up 1.325 cents to 152.75 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle shrug off early weakness
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday after initial selling, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.675 cent per pound higher at 152.475 cents, and August ended up 0.8 cent at 151.425 cents (all figures US$). Last week, most market-ready […] Read more
U.S. livestock: CME live cattle down on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower on Tuesday on profit-taking, traders said. The U.S. government’s monthly cattle on feed report pressured CME live cattle Friday afternoon, and the market retained a weak tone on Tuesday. The focus has shifted from last week’s cattle on feed report to this week’s cash […] Read more
U.S. livestock: CME live cattle, hogs close weak before Memorial Day
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed moderately lower Friday on profit-taking and in response to the U.S. Department of Agriculture’s monthly Cattle on Feed report earlier in the day, traders said. The number of cattle put into U.S. feedlots in April unexpectedly slowed compared with the same month last year. “It’s […] Read more
U.S. livestock: CME live cattle, hogs climb on short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Thursday on short-covering and futures’ discounts to cash prices, traders said. June closed up 1.025 cents per pound, to 152.375 cents, and August was 1.175 cents higher at 150.9 cents (all figures US$). This week, the bulk of market-ready (cash) cattle in the […] Read more
U.S. bill to repeal COOL advances
Reading Time: < 1 minute Washington | Reuters — U.S. legislation to repeal country-of-origin meat labelling (COOL) laws, which the World Trade Organization found discriminate against Mexico and Canada, passed a congressional committee on Wednesday and moved one step closer to becoming law. The House of Representatives’ agriculture committee approved the bill on a vote of 38-6, clearing the way […] Read more
A message from April Stewart, Country Guide's Associate Editor
