Reading Time: 2 minutes Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more
Argentina extends beef export cap, stoking farm tensions
Move seen as 'giving markets to other countries'
Beef advised to play to its environmental strengths when sharing story
Consumers need to hear more about the positive relationship between beef and grasslands, experts say
Reading Time: 4 minutes Glacier FarmMedia – As environmental concerns and social pressures prompt people to change buying behaviours, more products are under scrutiny, particularly beef. “Beef is one of our most beloved foods. From fast food to backyard barbecues to steakhouses, we have a relationship with beef that is deep and long-lasting,” said Bob Froese, chief executive officer […] Read more
U.S. livestock: CME live cattle follow boxed beef lower
Feeder cattle mostly firmer, hogs lower
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sagged on Monday as beef prices fell and brokers worried that U.S. demand for steaks and hamburgers will decline after the upcoming Labour Day holiday weekend. Beef prices have softened after reaching their highest price since May 2020 last week as retailers stocked up for […] Read more
U.S. livestock: CME lean hogs rise, narrowing discount to cash market
Technical selling drags on live cattle
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed on Friday, led by the nearby October contract, in a technical and bargain-buying rally that narrowed the market’s sizeable discount to the exchange’s lean hog index, traders said. Actively traded October futures scaled to a 3-1/2 week peak and closed near its session high, […] Read more
U.S. livestock: CME cattle futures fall on lower cash cattle
Hogs down on supply expectations
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third day on Thursday, as the softer cash market in the southern U.S. Plains weighed on futures, traders said. “This cash just continues to struggle,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. “We’ve just got that anchor in […] Read more
Singapore clears all Canadian beef for import
Country first to lift BSE-era restrictions under new status
Reading Time: 3 minutes Canada’s new official international status as a “negligible risk” country for bovine spongiform encephalopathy now has its first recognition from a beef-importing nation. Singapore has approved the Canadian Food Inspection Agency’s certificate for exports of all Canadian beef, including beef offal, with no restrictions on the age of the cattle from which the beef was […] Read more
U.S. livestock: CME cattle futures ease as beef prices cool
Lean hog index still at premium to futures
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday, as beef prices eased ahead of the Labour Day holiday, traditionally a big beef consumption holiday, traders said. “We’re getting into that lull period ahead of the Labour Day holiday, where the retailers have already got their product purchased from the packers,” […] Read more
U.S. livestock: CME cattle futures post new highs, end mixed
Hogs down on supply outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied to contract highs on Tuesday but ended mixed, with nearby contracts pressured by ideas that beef prices are topping out after a surge to nearly 15-month highs, traders said. Deferred live cattle contracts, however, were higher on the day on concerns about tight cattle […] Read more
U.S. livestock: CME cattle rebound on improving cash markets, beef prices
CME lean hogs also up off Thursday losses
Reading Time: < 1 minute Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising […] Read more
U.S. livestock: CME cattle, hogs drop in broader commodities sell-off
Investors take 'risk-off' approach, U.S. dollar surges
Reading Time: 2 minutes Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising […] Read more
A message from April Stewart, Country Guide's Associate Editor
