Processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company's plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.
JBS says China blocks beef from US plant over detection of ractopamine
U.S. grains: Wheat rises 7 per cent this week on Russia crop worries
Chicago Board of Trade wheat futures closed nearly flat on Friday but rose seven per cent for the week as concerns grew over crop losses in Russia and other exporting countries.
U.S. livestock: Lean hogs hit three-month low on weaker cash prices
Chicago Mercantile Exchange lean hog futures slumped to a February low on Thursday under pressure from solid U.S. production and weaker cash prices, traders said.
U.S. livestock: CME hogs slide to February low under US production pressure
Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.
U.S. livestock: Rallying beef prices push CME live cattle to seven-week high
Wholesale beef prices have jumped this week as retailers and meat processors look ahead to the Memorial Day weekend at the end of the month. The holiday is considered the start of the peak grilling season for products like steaks and hamburgers.
Unclear when tight US cattle supplies will expand, Tyson CEO says
Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business.
U.S. livestock: Cattle futures shoot higher on rising boxed beef prices
Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on Tuesday as soaring boxed beef prices fueled hopes for increased demand, analysts said.
Tyson Foods shares sink on worries over consumer demand, third quarter
Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more
U.S. livestock: CME cattle stabilize after bird flu roils markets
Chicago | Reuters – Chicago Mercantile Exchange cattle futures stabilized on Friday after U.S. testing of ground beef samples for H5N1 bird flu fuelled wild swings, but markets still closed lower for the week. Live cattle and feeder cattle futures had rallied on Thursday after the U.S. Department of Agriculture said the samples from retail […] Read more
U.S. livestock: Cattle futures jump after US ground beef tests negative for bird flu
Chicago Mercantile Exchange cattle futures rallied on Thursday after the U.S. government said retail samples of ground beef tested negative for the bird flu virus.
Cyber-Savvy Farmer
