Reading Time: 2 minutes Washington | Reuters — A Tennessee animal feed company will pay back US$18 million in alleged illicit profits to settle civil accounting fraud charges, U.S. regulators said Monday. AgFeed Industries, which is currently in bankruptcy, was charged by the Securities and Exchange Commission in March in connection with charges that it reported fake revenue from […] Read more
U.S. SEC announces settlement with AgFeed over accounting fraud
U.S. livestock: CME live cattle, hogs close mixed after volatile day
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Monday after a choppy session that lacked clear fundamental direction. “People are waiting for this week’s cash sales, but until then there is nothing to trade off of,” a trader said. October live cattle ended at 156.35 cents per pound, up 0.075 […] Read more
U.S. livestock: Lower cash, beef prices drop CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted losses for a second straight day on Friday, weighed down by lower prices for slaughter-ready or cash cattle and pork at wholesale, traders said. Futures finished off session lows helped by their discounts to this week’s cash cattle returns and sentiment that the recent […] Read more
U.S. livestock: CME live cattle slump on cash price outlook
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures retreated on Thursday after investors pocketed profits in anticipation of steady or lower cash prices, traders said. October live cattle ended at 157.375 cents per pound, 2.325 lower, and December fell 2.4 cents to 159.7 (all figures US$). Futures slid after packers in Texas and […] Read more
U.S. livestock: CME live cattle end mixed after choppy session
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle settled mixed on Wednesday, supported by October future’s discount to last week’s cash prices but pressured by profit-taking, traders said. October closed at 159.7 cents per pound, up 0.025 cent, and December down 0.175 cent to 162.1 cents (all figures US$). Last week, market-ready, or cash, […] Read more
U.S. livestock: Strong pork prices boost hogs more than two per cent
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange hog futures closed up over two per cent on Tuesday, lifted by the bounce in wholesale pork values and cash price optimism, traders said. October closed 2.7 cents per pound higher at 105.775 cents, and December up 2.2 cents at 98.25 cents (all figures US$). The morning’s wholesale […] Read more
U.S. livestock: CME live cattle end lower as funds roll positions
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed lower on Monday as funds rolled their positions by selling the October contract and buying deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted October long positions further back in a procedure known as the “roll” by followers of […] Read more
Pork probed for links to Alta. E. coli cases
Reading Time: 2 minutes A probe of dozens of cases of E. coli-related illnesses over the summer in Alberta has now led to recalls of certain raw pork cuts and frozen pork products. The Canadian Food Inspection Agency on Thursday announced recalls of all raw pork products sold by Calgary’s V+T Meat and Food between July 14 and Sept. […] Read more
U.S. livestock: CME live cattle, hogs close up sharply with cash prices
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished nearly two per cent higher on Friday as supply-strapped packers spent more for slaughter-ready, or cash, cattle than expected, traders said. October live cattle settled ended up 2.7 cents per pound at 159.75 (all figures US$). December closed at 160.925, up 2.425 cents after […] Read more
U.S. livestock: CME live cattle close mixed, hogs mostly lower
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Thursday, supported by initially higher cash prices while pressured by profit-taking, traders said. October live cattle ended up 1.625 cents per pound at 157.05 cents, and December at 158.5, up 0.5 cent (all figures US$). February finished 1.4 cents lower at 156.7, […] Read more
A message from April Stewart, Country Guide's Associate Editor
