Reading Time: 2 minutes Chicago | Reuters –– Live cattle futures on the Chicago Mercantile Exchange finished lower during the regular session on Wednesday, pressured by cash cattle prices that were initially weak, traders said. But contracts turned higher in after-hours (electronic) trading as cash prices improved, they said. Pit-traded June live cattle closed 0.625 cent per pound lower […] Read more
U.S. livestock: CME live cattle end pit trade lower, rise after-hours
U.S. livestock: CME live cattle rally as beef prices set new high
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures offset recent losses and finished higher on Tuesday, driven by short-covering following the day’s choice wholesale beef price surge to an all-time high, traders said. June closed up 0.4 cent per pound to 151.975 cents, and August was 0.575 cent higher at 150.6 cents (all […] Read more
U.S. livestock: CME live cattle, hogs stumble on supply, demand woes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Monday on concern that supplies might outstrip demand ahead of the U.S. Memorial Day holiday-shortened work week, traders said. Packers bought fewer cattle last week which may have compounded the seasonal supply increase, they said. Cattle numbers are sufficient as grocers and restaurants […] Read more
WTO panel rejects final U.S. appeal on COOL
Reading Time: 3 minutes Canada is set to ask the World Trade Organization to allow a long list of retaliatory tariffs against U.S. agrifoods and other goods, after a WTO panel shot down Washington’s final defense of its country-of-origin labelling (COOL) law on meat. The WTO Appellate Body on Monday released its report on the U.S. government’s appeal of […] Read more
U.S. livestock: Profit-taking stalls CME live cattle uptrend
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended their three-day rally Friday on profit-taking and the downturn in wholesale beef prices after Thursday’s spike to a record high, traders and analysts said. June and August closed 1.275 cents per pound lower at 152.525 cents and 150.8 cents, respectively (all figures US$). Friday […] Read more
U.S. livestock: Record beef prices extend CME live cattle gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle gained for a third day in a row on Thursday, lifted by record-high prices for choice beef, stoked by grilling demand, traders and analysts said. June closed up 1.825 cents per pound at 153.8 cents, and August 1.425 cent higher at 152.075 cents (all figures US$). […] Read more
Spread between pork, beef prices seen narrowing
Reading Time: < 1 minute CNS Canada — Pork prices in Canada are narrowing the gap with beef prices — but the spread between the two meats remains well above the historical average. “Beef values (cutout) have actually come down a little bit, whereas pork and poultry (cutout) values have actually gone up,” said Brad Marceniuk, a provincial livestock economist […] Read more
U.S. livestock: CME live cattle jump on beef price bounce
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle gained Wednesday on short-covering following a snapback in wholesale beef values, traders said. June closed up 0.5 cent per pound to 151.975 cents, and August one cent higher at 150.65 cents (all figures US$). Wednesday morning’s choice wholesale beef price climbed $1.73 per hundredweight (cwt) from […] Read more
U.S. livestock: CME live cattle, hogs end higher after volatile session
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy day, partly supported by rising wholesale beef values, traders said. Tuesday morning’s choice wholesale beef price climbed $1.28 per hundredweight (cwt) from Monday to $260.85/cwt (all figures US$). Select cuts gained 20 cents to $248.30, the U.S. Department […] Read more
Feed barley feeling ‘downward sag,’ trader says
Reading Time: < 1 minute CNS Canada — Feedlot demand for cash barley is weakening slightly as cattle producers prepare to turn animals loose on pastures, but prices are still hanging in there, according to one participant. “Farmers aren’t really selling a whole lot at these levels,” said Allen Pirness of Market Place Commodities in the feedlot alley near Lethbridge, […] Read more
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