Reuters — A White House advisory committee is expected to acknowledge the link between antimicrobial resistance in humans and livestock being fed antibiotics when it issues its report in the next few weeks, according to the transcript of a committee meeting held earlier this month. But how much of the public health problem can be […] Read more
Panel’s report likely to tie farm antibiotics to human resistance
LIVESTOCK: CME hogs drop 3-cent price limit as funds sell off
Chicago/Reuters — Most Chicago Mercantile Exchange hog futures on Wednesday closed down the 3-cents per lb maximum daily price limit in the wake of fund liquidation, traders said. August ended 3.000 cents per lb lower at 124.575 cents, and October at 110.450, 3.000 cents lower. Packers snug on supplies for the week, and grocers reluctant […] Read more
LIVESTOCK: CME live cattle jump about 2 pct on record beef prices
Reuters — Chicago Mercantile Exchange live cattle futures rose almost 2 per cent on Tuesday, fueled by short-covering in response to record-high beef prices, traders said. Tuesday morning’s wholesale price for choice beef surged $3.07 per hundredweight (cwt) from Monday to an all-time high of $253.59. Select beef climbed $2.10 to a record $246.18, according […] Read more
LIVESTOCK: Beef price surge extends CME live cattle advances
Chicago Mercantile Exchange live cattle futures gained for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. August live cattle finished 1.325 cents per lb higher at 152.950 cents, and October 0.925 cent higher at 155.250. Monday morning’s wholesale price for choice beef jumped $2.02 per cwt from Friday to $250.47. […] Read more
Livestock — Strong cash, pork prices lift CME hog futures
Chicago|Reuters — Chicago Mercantile Exchange hog futures on Monday closed higher, supported by strong prices for slaughter-ready, or cash, hogs and wholesale pork values, traders said. Monday morning’s average hog price in the Iowa/Minnesota market rose $2.58 per hundredweight (cwt) from Friday to $133.77, the U.S. Department of Agriculture said. USDA’s data showed the morning’s […] Read more
U.S. livestock: CME live cattle end higher after wild ride
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed higher after volatile action, stirred by short-covering following recent market losses pegged to fund selling and sagging cash prices, traders said. Despite this week’s lower prices for market-ready or cash cattle, futures remained underpriced based on those returns which attracted buyers. August […] Read more
U.S. livestock: Cash price drop rattles CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday fell for a fourth straight day, pressured by lower prices for market-ready or cash cattle, traders said. Cash cattle in the U.S. Plains sold at $155 to $156 per hundredweight (cwt), $2 to $3 lower than last week’s record highs, said feedlot sources […] Read more
U.S. livestock: Fund liquidation sinks CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday closed lower, pressured by fund liquidation that erased short-covering advances early in the session, traders said. More selling developed after the August and October contracts slipped below their respective 10-day moving averages of 152.31 and 155.03 cents, which triggered sell stops. August live […] Read more
U.S. livestock: CME live cattle futures drop as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday settled lower as funds rolled their positions by selling the August contract and buying deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted August long positions further back in a procedure known as the “roll” by followers of […] Read more
U.S. livestock: CME live cattle end slightly lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled slightly lower on Monday after touching a contract high, pressured by profit-taking, traders said. “While nothing is really changed in the long term we’re going to see short-term fluctuations in this market,” Broadbent said. Tight cattle supply and overseas demand for U.S. beef continue […] Read more