Chicago | Reuters — For a second straight session most Chicago Mercantile Exchange live cattle contracts finished in modest positive territory on Tuesday pegged to bear spreading and speculative buying, traders said. The spreads consisted of traders who sold June futures ahead of its expiration on June 30 and simultaneously bought deferred months. June closed […] Read more
U.S. livestock: CME live cattle again close mostly firm
U.S. livestock: CME live cattle end mostly firm
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts gained modestly on Monday, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. Investors bought deferred contracts and simultaneously sold June ahead of its expiration on June 30, they said. June closed down 0.275 cent per pound to 152.175 cents, […] Read more
U.S. livestock: Lower cash prices sink CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell hard Friday, pressured by lower prices for market-ready (cash) cattle, traders said. June closed 2.775 cents per pound lower, at 152.45 cents, and August down 2.125 cents, to 150.8 cents (all figures US$). A moderate number of cash cattle in Nebraska sold at $152 […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures snapped a three-day win streak on Thursday, pressured by profit-taking and a wholesale beef price downturn, traders said. June closed down 0.575 cent per pound, to 155.225 cents, and August 0.6 cent lower at 152.925 cents (all figures US$). Thursday morning’s wholesale choice beef (cutout) […] Read more
U.S. House of Representatives votes to scrap COOL
Washington | Reuters — The U.S. House of Representatives on Wednesday evening voted to repeal meat labeling laws, which were widely backed by U.S. consumer groups, as Canada and Mexico threaten US$3 billion in trade sanctions. The House voted 300-131 to repeal country-of-origin labeling (COOL) rules on beef, pork and poultry, after the World Trade […] Read more
U.S. livestock: CME live cattle spike to five-month high
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures peaked at five-month highs on Wednesday, sparked by short-covering and Tuesday’s steep climb in the wholesale beef (cutout) price, traders said. Profit-taking and Wednesday morning’s modest cutout gains pulled futures from session highs, they said. June closed up 0.725 cent per pound, to 155.8 cents, […] Read more
Premises ID now online for Sask. livestock producers
Saskatchewan’s premises ID (PID) system for livestock producers has officially gone online, the provincial and federal ag ministries announced Monday. While the province’s livestock commodity groups and provincial ag ministry have so far helped about 1,400 producers register their operations, the new system will allow producers to sign up, log in and make changes to […] Read more
U.S. livestock: CME live cattle climb as beef prices jump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, fuelled by short-covering after the sharp rebound in wholesale beef prices, traders said. June closed up 1.6 cents per pound, to 155.075 cents, and August 1.275 cents higher at 152.875 cents (all figures US$). Tuesday morning’s wholesale choice beef price surged […] Read more
U.S. livestock: Speculative buying rallies CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Monday, buoyed by speculation that cash and wholesale beef prices may bottom out soon, traders said. June closed up 0.65 cent per pound to 153.475 cents, and August 1.025 cent higher at 151.6 cents (all figures US$). Monday morning’s wholesale choice beef (cutout) […] Read more
Quebec plans new legal status for animals
Quebec’s agriculture minister has tabled a new provincial government bill to raise the legal status of domestic and farmed animals in the province beyond that of “furniture.” Pierre Paradis on Friday introduced Bill 54 in the provincial assembly, with the stated goal of enshrining animals in Quebec’s Civil Code as sentient beings — that is, feeling and […] Read more
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