Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mixed on Friday in thin post-Thanksgiving Day volume on positioning during the last trading day for November, traders said. December closed down 0.375 cent per pound at 168.875 cents, and February was at 169.225 cents, 0.45 cent lower (all figures US$). April and June […] Read more
U.S. livestock: CME live cattle end mixed on month-end positioning
U.S. to appeal latest WTO loss on COOL
Canada will have to wait up to three more months before it can impose retaliatory tariffs on U.S. goods over Washington’s mandatory country-of-origin labelling (COOL) law on meat from imported livestock. The U.S. government on Friday filed a notice of appeal against the latest ruling by a World Trade Organization (WTO) compliance panel, which last […] Read more
Western Hog Exchange to producers: Stop shipping injured animals
Chair Brent Moen says facility will now ‘walk the walk’ on animal care, and that includes cracking down on shipments of sick or injured animals
Reading Time: 3 minutes There’s no doubt in Brent Moen’s mind that Western Hog Exchange staff accused of animal welfare violations behaved inappropriately. “We were talking the talk, but not walking the walk,” said the chairman of the farmer-owned hog facility in Red Deer. “We had a significant disconnect between our procedure manual and actual implementation. We broke six […] Read more
U.S. livestock: CME live cattle fall, hogs mixed before holiday
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower on Wednesday after digesting this week’s prices for market-ready or cash cattle ahead of Thursday’s U.S. Thanksgiving holiday, traders said. December closed 0.9 cent per pound lower at 169.25 cents, and February 1.35 cents lower at 169.675 cents (all figures US$). On Wednesday, […] Read more
U.S. livestock: CME live cattle up with beef prices; hogs sag
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled higher on Tuesday after a choppy session, lifted by short-covering in response to strong wholesale beef quotes, traders said. December closed 0.65 cent per pound higher at 170.15 cents; February rose one cent, to 171.025 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more
U.S. livestock: CME live cattle slump on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower Monday, weighed down by profit-taking and fund liquidation, traders said. December closed 1.4 cents per pound lower at 169.5 cents, and February off 2.125 cents at 170.025 cents (all figures US$). Investors initially sold February and simultaneously bought December, which is known as […] Read more
JBS to buy Australia’s Primo for $1.4B
Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for A$1.45 billion (C$1.41 billion). The company will also buy food company Grupo Big Frango in Brazil for 430 million reais (C$192 million), stepping up the pace of acquisitions that have played […] Read more
U.S. livestock: CME live cattle rise into USDA report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Friday on positioning before this week’s cash prices and the U.S. Department of Agriculture’s monthly Cattle-On-Feed report at 2 p.m. CT, traders said. Most analysts expect Friday’s report to show cattle placements in October declined from last year. USDA will simultaneously issue […] Read more
U.S. livestock: CME hogs fall on profit-taking; live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower Thursday on profit-taking and fund selling that erased Wednesday’s gains, traders said. December closed down one cent per pound at 90.775 cents, and February 0.75 cent lower at 90.9 cents (all figures US$). Anticipation of weaker-trending cash and wholesale pork prices stirred bear spreads, […] Read more
U.S. livestock: CME hogs end higher after early losses pared
Chicago | Reuters — Chicago Mercantile Exchange lean hogs ended higher on Wednesday on short-covering and fund buying that trumped initial selling, traders said. December closed up 0.225 cent per pound at 91.775 cents, and February 0.525 cent higher at 91.65 cents. CME hogs rose despite lower cash hog and wholesale pork prices, partly due […] Read more