Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, lifted by short-covering stirred by the morning’s wholesale beef price rebound, traders said. February live cattle closed up 0.65 cent per pound, to 153.7 cents, and April 0.8 cents higher at 151.875 cents (all figures US$). Wednesday morning’s choice wholesale beef climbed […] Read more
U.S. livestock: CME live cattle bounce with beef prices
U.S. livestock: CME live cattle resume downtrend, but off lows
Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed lower on Tuesday after skittish buyers and fund liquidation wiped out Friday’s modest gains that briefly halted an eight-day losing skid, traders said. February live cattle closed down 1.4 cents per pound, to 153.05 cents, and April ended 1.875 cents lower at 151.075 cents (all […] Read more
France says Russia to lift ban on live pigs, some pork products
Paris | Reuters –– Russia’s veterinary services has agreed to lift a ban on French live pigs, offal and fat imposed a year ago after an outbreak of African swine fever in the east of the European Union, the French farm ministry said. Russia imposed the ban on EU pork products early in 2014 following […] Read more
U.S. livestock: CME live cattle snap eight-day losing skid
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted modest gains on Friday on short-covering before Monday’s Martin Luther King, Jr. holiday that snapped an eight-day string of losses, traders said. The U.S. Martin Luther King Jr. holiday could result in roughly 5,000 fewer cattle and 30,000 less hogs processed that day, an economist […] Read more
U.S. livestock: More CME live cattle selling as cash prices plunge
Chicago | Reuters –– Chicago Mercantile Exchange live cattle ended lower in volatile trade on Thursday, pressured by residual fund liquidation and the steep drop in cash prices, traders said. CME live cattle’s selloff extended losses to eight straight days. The February contract’s limit-down move on Tuesday delayed the “roll” by funds out of that […] Read more
Chipotle’s pork plight could hurt Q1 results
Reuters –– Chipotle Mexican Grill’s decision to suspend purchases from a pork producer that ran afoul of its animal welfare requirements could bolster its reputation with diners but threatens sales and profits this quarter, an analyst said Wednesday. The burrito chain’s move caused a supply shortfall that is hitting about one-third of its roughly 1,800 […] Read more
U.S. livestock: Active fund selloff extends CME live cattle losses
Chicago | Reuters — Chicago Mercantile Exchange live cattle fell for a seventh straight session on Wednesday as funds liquidated positions in association with their yearly rebalancing of commodities, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) sold, or “rolled,” their February long […] Read more
Farrowing barn is Quebec’s ninth PED case
Animal health officials in Quebec’s Monteregie have confirmed three more hog operations with cases of porcine epidemic diarrhea (PED) since Friday. The province’s swine health team (EQSP) said Friday it had confirmed PED in hogs at a 2,700-head nursery operation at St-Aime, with an epidemiological link to the province’s sixth case at a nearby nursery […] Read more
Upping biosecurity will pay dividends for years
Reading Time: 2 minutes The hog industry’s response to PEDv was a huge win for animal health, says a veterinarian who was on the front line of the effort in Alberta. “The pork industry already had the highest biosecurity standards out there, but with this disease, we’ve really put a lot of emphasis on it, and people have responded […] Read more
U.S. livestock: CME live cattle tumble on more fund liquidation
Chicago | Reuters — Chicago Mercantile Exchange live cattle posted heavy losses on Tuesday after funds kept selling February long contracts while simultaneously rolling them into back months, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) shifted their February positions in a procedure […] Read more