Canada is set to ask the World Trade Organization to allow a long list of retaliatory tariffs against U.S. agrifoods and other goods, after a WTO panel shot down Washington’s final defense of its country-of-origin labelling (COOL) law on meat. The WTO Appellate Body on Monday released its report on the U.S. government’s appeal of […] Read more
WTO panel rejects final U.S. appeal on COOL
U.S. livestock: Profit-taking stalls CME live cattle uptrend
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures ended their three-day rally Friday on profit-taking and the downturn in wholesale beef prices after Thursday’s spike to a record high, traders and analysts said. June and August closed 1.275 cents per pound lower at 152.525 cents and 150.8 cents, respectively (all figures US$). Friday […] Read more
U.S. livestock: Record beef prices extend CME live cattle gains
Chicago | Reuters — Chicago Mercantile Exchange live cattle gained for a third day in a row on Thursday, lifted by record-high prices for choice beef, stoked by grilling demand, traders and analysts said. June closed up 1.825 cents per pound at 153.8 cents, and August 1.425 cent higher at 152.075 cents (all figures US$). […] Read more
Spread between pork, beef prices seen narrowing
CNS Canada — Pork prices in Canada are narrowing the gap with beef prices — but the spread between the two meats remains well above the historical average. “Beef values (cutout) have actually come down a little bit, whereas pork and poultry (cutout) values have actually gone up,” said Brad Marceniuk, a provincial livestock economist […] Read more
U.S. livestock: CME live cattle jump on beef price bounce
Chicago | Reuters –– Chicago Mercantile Exchange live cattle gained Wednesday on short-covering following a snapback in wholesale beef values, traders said. June closed up 0.5 cent per pound to 151.975 cents, and August one cent higher at 150.65 cents (all figures US$). Wednesday morning’s choice wholesale beef price climbed $1.73 per hundredweight (cwt) from […] Read more
U.S. livestock: CME live cattle, hogs end higher after volatile session
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy day, partly supported by rising wholesale beef values, traders said. Tuesday morning’s choice wholesale beef price climbed $1.28 per hundredweight (cwt) from Monday to $260.85/cwt (all figures US$). Select cuts gained 20 cents to $248.30, the U.S. Department […] Read more
Feed barley feeling ‘downward sag,’ trader says
CNS Canada — Feedlot demand for cash barley is weakening slightly as cattle producers prepare to turn animals loose on pastures, but prices are still hanging in there, according to one participant. “Farmers aren’t really selling a whole lot at these levels,” said Allen Pirness of Market Place Commodities in the feedlot alley near Lethbridge, […] Read more
U.S. livestock: CME live cattle gain fades as funds roll positions
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, paring early advances, after funds sold or rolled their June positions and bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers […] Read more
U.S. livestock: CME live cattle jump on cash prices
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up sharply on Friday, fuelled by better-than-expected prices for market-ready cattle, traders said. June ended 2.125 cents higher at 151.5 cents per pound, and August 1.55 cents, to 149.825 cents (all figures US$). On Friday, cash cattle in Kansas and Nebraska traded at $161 […] Read more
U.S. livestock: Profit-taking ends CME hogs’ three-day uptrend
Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures finished lower Thursday on profit-taking after three consecutive days of gains, traders said. May hogs closed 0.5 cent per pound lower at 79.85 cents, and June down 0.55 cent to 83.5 cents/lb. (all figures US$). Despite strong pork cutout values, investors were nervous about further […] Read more
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