Livestock
Chicago | Reuters — U.S. live cattle futures closed lower on Monday, pulling back after a rally last week on signs that meatpackers may be working through backlogs of market-ready cattle, traders said. Although slaughter rates have returned to pre-coronavirus levels, cattle remain heavier after backing up in feedlots when processing plants closed this spring […] Read more
U.S. livestock: Live cattle backslide amid cautious slaughter improvements
Lean hogs down on supply backlog
U.S. meatpackers try air cleaning tech after COVID-19 outbreaks
Chicago | Reuters — Two of the world’s largest meatpackers said on Friday they have installed ultraviolet air cleaning equipment in some U.S. plants, as pressure mounts on food companies to protect workers amid growing concerns about airborne transmission of the coronavirus. JBS USA, owned by Brazil’s JBS SA and one of four major U.S. […] Read more
U.S. livestock: Live cattle end steady to firmer
Lean hogs dip after weekly advances
Chicago | Reuters — U.S. live cattle futures closed steady to firm on Friday, stabilizing after a two-session rally attributed to speculative buying and signs that meat packers may have worked through much of a backlog of market-ready cattle, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled unchanged at 103.275 cents/lb. and […] Read more
Quebec packer buying Maple Leaf chicken plant
Avicomax's supply agreements with farmers remain
A family-owned Quebec poultry packer specializing in antibiotic-free and organic chicken is set to buy a Maple Leaf Foods facility in the same line of work. Volaille Giannone, which operates a poultry slaughter and packing plant at St-Cuthbert, about 65 km southwest of Trois-Rivieres, announced Thursday it has a deal in place to buy Maple […] Read more
U.S. livestock: Cattle futures hit four-month top
Lean hogs up on export news
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975 […] Read more
U.S. livestock: Live cattle up with cash values, technical buying
CME lean hog contracts mixed
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) closed higher on Wednesday, led by the nearby August contract on signs of firmer cash cattle prices and technical buying, traders said. Market-ready cattle traded in the cash market at $95-$97/cwt in the southern Plains, the U.S. Department of Agriculture reported, after […] Read more
U.S. beef ranchers sour on Burger King lemongrass ration
RBI arm launches '#CowsMenu' program, 'Reduced Methane' Whopper
A new U.S. sustainability campaign from one of the world’s biggest fast food chains, training its lens on beef cattle passing gas, has “disappointed” some cattle producers while also proposing its own new feedlot ration as a way to help cut emissions. Burger King, owned by Toronto-based Restaurant Brands International, on Tuesday launched the “#CowsMenu” […] Read more
Elanco Animal Health wins U.S. approval to buy Bayer unit
Elanco to shed cattle pour-on brand, others for approval
Washington | Reuters — Elanco Animal Health has won U.S. antitrust approval to buy Bayer’s animal health business on condition that it sell assets to treat three ailments, two in dogs and one in cattle, the Federal Trade Commission said on Wednesday. The deal was valued at $7.6 billion when it was announced in August […] Read more
China reports lumpy skin disease outbreaks in cattle
Beijing | Reuters — China is facing outbreaks of a debilitating virus in cattle that causes a condition called lumpy skin disease, following an incident on a farm in the eastern province of Zhejiang this week, the agriculture ministry said on Wednesday. On its website, the ministry of agriculture and rural affairs said five cases […] Read more
U.S. livestock: Cattle futures drift lower on beef demand worries
Hog futures down off Monday's rally
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) fell on Tuesday for a second straight session on weak wholesale beef prices and worries about consumer demand, given uncertainty about the health of the U.S. economy, traders said. CME August live cattle futures settled down 0.85 cent at 98.8 cents/lb. and […] Read more
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