Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Thursday after traders took profits while waiting for this week’s cash cattle trade to develop, traders said. Spot October closed 0.8 cent/lb. lower at 132.95 cents, and December down 0.875 cent, to 136.55 (all figures US$). “It was a quiet day with […] Read more
U.S. livestock: Cash price caution undercuts CME live cattle
Hog supplies grow as U.S. hog weights rise seasonally
Chicago | Reuters –– U.S. hog weights have risen three times in as many weeks, likely confirming the onset of increasing hog numbers through the rest of the year, according to a university economist. Affordable feed and cooler weather in the Midwest are allowing hogs to grow faster, coinciding with plentiful supplies as the industry […] Read more
U.S. livestock: Higher cash price outlook lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, supported by rising wholesale beef values that could help strengthen cash prices as early as Thursday, traders said. Spot October closed 1.325 cents/lb. higher at 133.75 cents, and December up 0.225 cent to 137.425 (all figures US$). Wednesday afternoon’s wholesale choice beef […] Read more
U.S. livestock: CME live cattle finish mostly weak
Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle contracts ended moderately lower on Tuesday, with October helped by the upturn in wholesale beef prices and anticipation of higher cash prices later in the week, traders said. But, they said, profit-taking and uneasiness about cattle supplies in the coming months pressured remaining CME live […] Read more
Gene editing could pave way for pig organ transplants
Chicago | Reuters — U.S. researchers have used a new gene editing technique to trim away potentially harmful virus genes that have impeded the use of pig organs for transplants in humans. The study, published in the journal Science, expands on capabilities of the genome editing tool known as CRISPR-Cas9, which works as a type […] Read more
U.S. livestock: CME live cattle move up with beef quotes
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed higher on Monday, strengthened by short-covering following the morning’s wholesale beef price bounce, traders said. Spot October finished 1.15 cents/lb. higher at 131.925 cents, and December up 0.25 cent to 137.575 (all figures US$). Monday morning’s wholesale choice beef price, or cutout, climbed $1.32/cwt […] Read more
U.S. livestock: CME live cattle mixed on better-than-expected cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday after preliminary cash prices beat early-week expectations, lifting contracts from session lows, traders said. Spot October finished down 0.4 cent/lb. at 130.775 cents, and December was 0.35 cent lower at 137.325 (all figures US$). February finished up 0.225 cent at 139.4 […] Read more
Feed grains: Corn edging down, Japan looking for barley
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 8. • CBOT corn futures were posting small losses Thursday morning, but were holding rangebound overall as traders were squaring positions ahead of Friday’s USDA monthly supply/demand report. December corn was trading at US$3.9450 per bushel […] Read more
U.S. livestock: Bump in beef price extends CME live cattle gains
Chicago | Reuters –– Chicago Mercantile Exchange live cattle rose for a third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents/lb. higher at 131.175 cents, and December up 1.525 cents at 137.675 (all figures US$). Thursday morning’s wholesale choice beef price, […] Read more
U.S. livestock: Short-covering drives CME live cattle higher
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more
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