(Photo courtesy Canada Beef Inc.)

CME cattle futures rout continues; hogs end lower

Despite small U.S. herd, placement into feedlots have been above last year's levels

Reading Time: 2 minutes Live cattle futures on the Chicago Mercantile Exchange dropped on Thursday to fresh multi-month lows on technical selling and weak beef prices at a time when feedlot supplies of market-ready cattle are rising, analysts said.



AIMCo has acquired a portfolio of 3 million acres of pasture and arable land in Western Australia. Photo: AIMco.ca

Alberta investment firm acquires Australian cattle portfolio

This is AIMCo's second agricultural acquisition 'down under' in the last two years

Reading Time: 2 minutes The portfolio consists of Yougawalla Pastoral Co and Argyle Cattle Co. It's a large-scale cattle breeding business spanning nearly 3 million hectares (7.4 million acres) or largely leased land in the Kimberly region of Western Australia, AIMCo said in the news release.


Photo: azgek/iSock/Getty Images

Brazilian state launches mandatory tracking of cattle to stop deforestation

The state government plans to track all 24 million cattle in the Para region by the end of 2026

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s Para state, which leads the country for the highest levels of Amazon rainforest destruction, will launch a mandatory program to track cattle in a bid to crack down on related deforestation, a partner in the project said on Friday. Cattle pasture is the most common initial use for deforested […] Read more

CME February 2024 live cattle with 10-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle drop on fund selling, beef demand concerns

Chicago lean hogs continue higher

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle futures dropped on Thursday after two sessions of gains, pressured by fund long liquidation and as higher corn feed prices and worries about demand for high-priced beef cuts hung over the market. Technical selling accelerated the break, the live cattle market’s sixth in the last eight sessions, […] Read more