Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed nearly two per cent on Wednesday, their biggest one-day percentage increase in 1 1/2 months, driven by strong cash price expectations for this week, traders said. October live cattle ended up the maximum three cents per pound daily price limit at 155.425. December closed […] Read more
U.S. livestock: CME live cattle jump up nearly two per cent
Zoetis gets conditional license from USDA for PEDv vaccine
Reading Time: 2 minutes Chicago | Reuters –– Zoetis Inc. has received a conditional license from the U.S. Department of Agriculture for its vaccine against the porcine epidemic diarrhea virus (PEDv) and will begin selling it this month in the U.S., the company said Wednesday. Shares of Zoetis, the world’s largest animal-health company, reached an all-time high of US$36.65 […] Read more
U.S. livestock: CME live cattle supported by fund buying, higher cash
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Tuesday supported by fund buying and higher prices paid in the cash cattle market, traders said. The October CME live cattle touched its highest level since Aug. 7, fuelled by the higher cash trade. The October contract traded through the 40-day moving […] Read more
U.S. livestock: CME live cattle supported by higher cash trade
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled up on Friday boosted by higher prices in the cash cattle market, traders said. Cash cattle, or market-ready cattle, sold in the U.S. Plains at $155 to $156 per hundredweight (cwt), traders said (all figures US$). Last week, cash cattle in Kansas and Nebraska […] Read more
U.S. livestock: Cash price optimism rallies CME live cattle
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures turned up sharply on Thursday in anticipation of steady-to-better prices for market-ready or cash cattle this week, traders said. Futures drew more support from their discounts to last week’s cash cattle returns. August live cattle, which will expire on Friday, ended up 1.45 cent per […] Read more
U.S. livestock: CME hogs extend gains on short-covering
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange hog futures on Wednesday gained for a third day in a row, supported by short-covering ahead of the U.S. Labour Day holiday, traders said. Fund buying developed after some CME hog contracts broke through moving average resistance levels. October closed 0.825 cent per pound higher at 95.925 cents […] Read more
Beef, pork prices down from summer highs
Reading Time: 3 minutes CNS Canada –– As the end of summer draws near, so does the end of the barbecue season, which is expected to mean less demand for beef and pork products after a summer of significantly higher prices. “I think summer 2014 is going to go down as extraordinary from a (beef) price perspective clear across […] Read more
U.S. livestock: Short-covering sends CME hog futures higher
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange hog futures closed higher on Tuesday, driven by short-covering as some investors prepare for an early start of the Labour Day holiday weekend, traders said. Speculators bought CME hogs in the belief that the two-week slump in prices for slaughter-ready, or cash, hogs may be about to end. […] Read more
U.S. livestock: CME live, feeder cattle extend gains after USDA report
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle contracts closed higher for a third straight session on Monday, partly driven by Friday’s U.S. Department of Agriculture Cattle-On-Feed report, traders said. Initially, analysts considered the report mildly bearish because more cattle were placed in feedlots last month than forecasted. Some analysts later said […] Read more
High-priced calves drop U.S. July cattle placements by 7 pct
Reading Time: < 1 minute Reuters — The number of cattle placed in U.S. feedlots in July dropped 7.0 per cent from a year ago as pricey calves deterred some feedlots from purchasing them for fattening, a government report showed on Friday. The U.S. Department of Agriculture report showed July placements at 1.560 million head, down 7.0 per cent from […] Read more
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