Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to […] Read more
U.S. livestock: CME live cattle limit up on beef bounce
U.S. livestock: Sagging beef prices drag on CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle resumed their recent downtrend on Monday after the seasonal drop in wholesale beef values trimmed last Friday’s futures gains, traders said. Spot-October settled down 0.95 cent, to 122.125 cents/lb,, and December 1.15 cents lower at 130.225 cents (all figures US$). Monday morning’s wholesale choice beef price, […] Read more
Dawson: Ag exporters applaud historic TPP deal
Export-oriented Canadian farmers are giving the Trans-Pacific Partnership (TPP) agreement reached in Atlanta on Monday two thumbs up. The deal, which remains to be debated in Canada’s House of Commons and could take more than a year to be ratified by all 12 member countries, will see tariffs on Canadian products in those markets eliminated […] Read more
Market access, income supports come with Trans-Pacific pact
Canada’s federal government has pledged a suite of compensation programs for supply-managed dairy, poultry and egg sectors, against what it promises will be a mousehole in Canada’s tariff wall. Federal officials on Monday confirmed negotiations have concluded on the multilateral Trans-Pacific Partnership, now billed as “the largest, most ambitious free trade initiative in history.” The […] Read more
PEDv may have entered U.S. on ‘reusable’ feed bags
Chicago | Reuters — The porcine epidemic diarrhea virus (PEDv) that killed millions of U.S. pigs over the past two years may have entered the country on large bags typically used to transport feed and other bulk products, the U.S. Department of Agriculture said. The report, dated Sept. 24 and released Wednesday, said the agency […] Read more
U.S. livestock: CME live cattle snap four-day losing streak
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished the week on a positive note, fueled by short-covering and bargain hunting that halted future’s four-day skid, traders said. Spot-October settled 1.675 cents higher at 123.075 cents/lb., and December 1.375 cents higher at 131.375 cents (all figures US$). CME live cattle’s Relative Strength Index (RSI) […] Read more
U.S. livestock: CME live cattle again sag to two-year bottom
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Thursday slid to a two-year low for a second consecutive session, after investors sold October and bought deferred months in anticipation of more cash price weakness, traders said. Spot-October settled at 121.4 cents/lb., down 3.275 cents, and December 0.925 cent lower at 130 cents […] Read more
U.S. livestock: CME live cattle hit two-year low on beef, cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Wednesday drifted to a two-year low, with October down the 4.5-cent daily price limit, as wholesale beef values and preliminary cash prices continued to sag, traders said. Spot-October settled at 124.675 cents/lb. (all figures US$). December ended 3.225 cents lower at 130.925 cents. Live […] Read more
U.S. livestock: CME live cattle, feeder cattle slump limit down
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday fell by their three-cent daily price limit as lower-trending wholesale beef values stirred expectations for another round of weaker cash prices later this week, traders said. Spot-October and December closed at 129.175 and 134.150 cents/lb., respectively (all figures US$). Live cattle’s trading limit […] Read more
U.S. livestock: CME live cattle mostly firm after choppy day
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished mostly firm on Monday after a volatile session stirred by bear spreading as investors sold the October contract and bought deferred months, traders said. They added that negative market fundamentals and anticipation of possible deliveries next Monday (Oct. 5) contributed to active bear spreading. […] Read more
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