New York | Reuters — Egg and red meat lovers may find reason to rejoice in a decision by a U.S. advisory health panel to remove warnings about dietary cholesterol, saying that there is no link to dangerous levels of blood cholesterol that cause disease. The Dietary Guidelines Advisory Committee until now had recommended that […] Read more
Love to eat eggs? U.S. panel now says they’re not a health risk
U.S. livestock: Improved fundamentals extend CME hogs’ advances
Chicago | Reuters –– Chicago Mercantile Exchange lean hogs gained for a second straight session on Thursday, helped by firmer cash and wholesale pork prices, traders said. April futures closed up 2.825 cents per pound at 67.05 cents, and May 2.325 cents higher at 76.725 cents (all figures US$). Thursday morning’s average market-ready (cash) hog […] Read more
U.S. pork production seen at record high in 2015, beef lower
Washington | Reuters –– U.S. meat and poultry production will rise to a record 95.13 million pounds in 2015, with gains in pork and poultry output more than offsetting a slight drop in beef production, the U.S. Department of Agriculture forecast on Thursday. Total U.S. pork production was seen up 5.5 per cent at 24.09 […] Read more
U.S. livestock: Strong beef prices lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday on short-covering in response to the jump in wholesale beef values, traders said. February closed up 0.575 cent per pound, to 159.175 cents, and April 1.9 cents higher at 152.625 cents (all figures US$). Wednesday afternoon’s choice wholesale beef price rose […] Read more
U.S. livestock: Profit-taking slams CME live cattle, hogs
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished sharply lower on Tuesday on profit-taking following Friday’s rally, traders said. February closed 1.4 cents per pound lower at 158.6 cents, and April down 2.5 cents at 150.725 cents (all figures US$). West Coast port slowdowns and disappointing volumes of cattle sold last week, […] Read more
U.S. livestock: CME live cattle up on cash price hopes, BSE report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant gains on Friday, in anticipation of higher cash prices and short-covering before Monday’s Presidents Day holiday in the U.S., traders said. News of Canada’s first case of bovine spongiform encephalopathy (BSE) since 2011 provided further support to CME live cattle contracts, they said. […] Read more
U.S. livestock: CME hogs jump on bargain hunting, cattle firm
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday, fueled by bargain hunting in the technically oversold market, traders said. February, which will expire on Friday, closed 0.725 cent per pound higher at 61.95 cents, and April up 0.675 cent, to 64.5 cents (all figures US$). Before Thursday’s session, hog futures […] Read more
U.S. livestock: CME live cattle, hogs slump on demand, supply jitters
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell hard Wednesday on profit-taking led by slack meat sales ahead of increased supplies later, traders said. February closed 0.5 cent per pound lower at 158.6 cents, and April down 2.675 cents, to 151.1 cents (all figures US$). Tuesday’s U.S. Department of Agriculture supply/demand report […] Read more
U.S. livestock: CME live cattle, hog futures close mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle ended mixed on Tuesday with nearby contracts supported by their discounts to recent cash prices, while back months sagged on forecasts for increased supplies ahead, traders said. February closed 0.65 cent per pound higher at 159.1 cents, and April up 0.125 cent, to 153.775 cents (all […] Read more
U.S. livestock: CME hog futures resume slide to six-year low
Chicago | Reuters — Chicago Mercantile Exchange lean hogs returned to their lowest level in six years on Monday, pressured by softer cash prices and profit-taking after a futures rally last Friday, traders said. February closed 2.6 cents per pound lower at 61.275 cents, and April down 2.525 cents, to 66.75 cents (all figures US$). […] Read more
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