Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended moderately lower on Thursday after a choppy session in which anticipation of lower cash prices overtook sporadic short-covering, traders said. December closed 0.4 cent per pound lower at 166.45 cents, and February down 0.15 cents at 166.975 cents. Packers curtailed production to stabilize their […] Read more
U.S. livestock: CME live cattle finish lower after wild ride
U.S. livestock: Soft cash price outlook sinks CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged Wednesday in anticipation of weaker prices for slaughter-ready (cash) cattle, traders said. Futures’ losses, sunken margins and packers struggling to sell significant amounts of beef to retailers are bearish cash price indicators. Additionally, cash prices tend to slump seasonally in late November, but snap […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Tuesday on profit-taking that wiped out Monday’s gains, traders said. Prospective futures buyers clung to the sidelines, given the morning’s wholesale beef values pullback and unprofitable packer margins that could weigh on this week’s cash prices. Last week, market-ready, or cash, cattle in […] Read more
U.S. livestock: CME feeder cattle surge limit-up
Reading Time: 2 minutes Chicago | Reuters — Lightly traded Chicago Mercantile Exchange feeder cattle contracts on Monday closed up the maximum three-cents-per-pound daily price limit fuelled by live cattle futures’ rebound, traders said. Fund buying and buy stops contributed to CME feeder cattle market advances, they said. January ended at 234.075 cents and March at 233.2 cents (all […] Read more
U.S. livestock: CME live cattle end mixed on month-end positioning
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday in thin post-Thanksgiving Day volume on positioning during the last trading day for November, traders said. December closed down 0.375 cent per pound at 168.875 cents, and February was at 169.225 cents, 0.45 cent lower (all figures US$). April and June […] Read more
U.S. to appeal latest WTO loss on COOL
Reading Time: 3 minutes Canada will have to wait up to three more months before it can impose retaliatory tariffs on U.S. goods over Washington’s mandatory country-of-origin labelling (COOL) law on meat from imported livestock. The U.S. government on Friday filed a notice of appeal against the latest ruling by a World Trade Organization (WTO) compliance panel, which last […] Read more
U.S. livestock: CME live cattle fall, hogs mixed before holiday
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Wednesday after digesting this week’s prices for market-ready or cash cattle ahead of Thursday’s U.S. Thanksgiving holiday, traders said. December closed 0.9 cent per pound lower at 169.25 cents, and February 1.35 cents lower at 169.675 cents (all figures US$). On Wednesday, […] Read more
U.S. livestock: CME live cattle up with beef prices; hogs sag
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session, lifted by short-covering in response to strong wholesale beef quotes, traders said. December closed 0.65 cent per pound higher at 170.15 cents; February rose one cent, to 171.025 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME live cattle slump on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower Monday, weighed down by profit-taking and fund liquidation, traders said. December closed 1.4 cents per pound lower at 169.5 cents, and February off 2.125 cents at 170.025 cents (all figures US$). Investors initially sold February and simultaneously bought December, which is known as […] Read more
JBS to buy Australia’s Primo for $1.4B
Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for A$1.45 billion (C$1.41 billion). The company will also buy food company Grupo Big Frango in Brazil for 430 million reais (C$192 million), stepping up the pace of acquisitions that have played […] Read more
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