Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, following stronger-than-expected cash prices as wintry weather takes aim at the southern U.S. Plains, traders said. Spot December ended 2.2 cents/lb. higher at 125.6 cents, and February was 1.775 cents higher at 131.8 cents (all figures US$). On Tuesday, a small […] Read more
U.S. livestock: CME live cattle surge with cash prices
Swollen U.S. meat inventories mirror strong demand headwinds
Reading Time: 2 minutes Chicago | Reuters –– Slumping demand for meat on the U.S. West and East Coasts boosted pork, beef and chicken inventories to some of their highest levels in years, analysts said following Friday’s U.S. Department of Agriculture monthly cold storage report. Meat processors and grocers normally stash hams in freezers before the Easter holiday and […] Read more
West Coast port impasse beefs up U.S. meat stockpile
Reading Time: 2 minutes Chicago | Reuters — U.S. meat exporters caught in the middle of the West Coast port labour standoff diverted millions of pounds of chilled pork and beef into cold storage facilities over the last few weeks, creating an oversupply of meat, analysts said. Redirected protein shipments come as frozen inventories are starting to build ahead […] Read more
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