Chicago | Reuters — Poultry company Perdue Farms will buy natural meat maker Niman Ranch, which is Chipotle Mexican Grill’s biggest pork supplier and a brand name on U.S. restaurant menus, the two companies said on Tuesday. Privately held Perdue expects to “soon” close a deal to buy Natural Food Holdings, which owns the Niman […] Read more
Perdue Farms to buy Chipotle pork supplier Niman Ranch
U.S. livestock: CME live cattle limit up on short-covering
Chicago | Reuters — Chicago Mercantile Exchange live cattle nearby trading months settled up their three-cent-per-pound daily price limit on Tuesday, partly fuelled by short-covering and futures’ discounts to last week’s cash prices, traders said. October and December live cattle ended at 143.475 and 145.775 cents, respectively (all figures US$). CME’s live cattle trading limit […] Read more
U.S. livestock: CME live cattle, hogs retreat before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle slumped on Friday before the Labour Day holiday, due to lower prices for market-ready (cash) cattle, traders said. CME live cattle were further weakened by Wall Street’s tumble on uncertainty whether the Federal Reserve will raise rates by mid-September. October live cattle ended down 1.125 cents/lb. […] Read more
U.S. livestock: CME live cattle rise, but off session highs
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished moderately higher on Thursday, at first lifted by short-covering and technical buying that later gave way to initial lower cash prices, traders said. October ended up 0.375 cent/lb. at 141.6 cents, and December 0.55 cent higher at 143.875 cents. Earlier on Thursday, a small number […] Read more
U.S. livestock: Brisk pork demand pushes CME lean hogs higher
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed up more than two per cent Wednesday on short-covering after a third straight session of wholesale pork price gains, traders said. Spot October closed 1.8 cents/lb. higher at 69.775 cents, and December up 1.7 cents at 64.675 (all figures US$). Wednesday morning’s wholesale pork price […] Read more
U.S. livestock: CME live cattle take biggest drop in four months
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell three per cent on Tuesday, their biggest one-day percentage setback since early May, following the U.S. stock market tumble amid global financial concerns, traders said. Spot-October settled 1.875 cents/lb. lower at 141.325 cents, and December down 1.8 cents at 143.625 cents (all figures US$). Wall […] Read more
U.S. livestock: CME live cattle fall, hogs rise on month-end trading
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, pressured by weak wholesale beef values and profit-taking on the final trading session of the month, traders said. Spot-August futures, which expired at noon CT, settled 1.025 cents/lb. lower at 145.5 cents (all figures US$). October, the new lead month, ended […] Read more
U.S. livestock: Cash price sentiments extend CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week’s cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents/lb. higher at 146.525 cents, and October up 1.425 cents, at 143.975 cents (all figures US$). “Feedyards and […] Read more
U.S. livestock: Wall Street surge rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on Thursday, prodded by the stock market comeback as data showed better-than-expected second-quarter U.S. economic growth, traders said. Renewed consumer confidence in the economy could support demand for U.S. goods, including meat, they said. Short-covering and bargain hunting furthered CME live cattle market advances […] Read more
U.S. livestock: Cattle fall to 15-month low on beef demand worries
Chicago | Reuters — U.S. live cattle fell to the lowest levels more than a year on Wednesday as investors sold off holdings on worries the recent downturn in global equities markets will result in lower demand for pricy meat cuts such as steaks. Anticipation of lower trade in cash cattle markets in the U.S. […] Read more
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