Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more
Cargill’s quarterly profit up on beef, egg demand
U.S. livestock: Cattle slide as traders eye weak cash prices
Chicago | Reuters — U.S. cattle futures fell on Friday on weakness in the cash market, while hog futures ended mixed. Cattle futures and cash prices have tumbled since a fire at a Tyson Foods slaughterhouse at Holcomb, Kansas, this month removed a key buyer from the market. Some farmers have tried to delay cattle […] Read more
USDA to probe beef market after Tyson plant fire
Chicago | Reuters — U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Producers have worried that meat […] Read more
U.S. livestock: Hogs near limit up on renewed pork export hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China’s agriculture ministry said a new outbreak of African swine […] Read more
U.S. livestock: Cattle futures weaken as beef prices decline
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures slumped on Tuesday as concerns about declining beef prices continued to hang over the markets. Decreasing beef prices have spurred expectations that meat packers such as Tyson and Cargill may be less aggressive when bidding to buy cattle, said Mike Sands, […] Read more
U.S. livestock: Live cattle set eight-month low on weak cash prices
Chicago | Reuters — U.S. live cattle futures dropped to an eight-month low on Wednesday on weakness in the cash market and as boxed beef prices declined, traders said. Lean hog futures also came under pressure. Weak cash prices for cattle set a bearish tone for futures that will likely linger for the rest of […] Read more
U.S. livestock: CME live cattle fall again on lower beef, cash prices
Chicago | Reuters –– U.S. live cattle futures fell on Friday, with the actively traded Chicago Mercantile Exchange (CME) June contract down for a 10th straight session on sinking beef and cash cattle prices, and long liquidation by managed commodity funds. Cattle futures have been susceptible to steep drops as commodity funds had recently built […] Read more
U.S. livestock: Lean hogs notch fresh contract highs on export hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to contract highs for a third straight session on Friday on hopes for strong demand from China before easing from those peaks on profit-taking and technical selling, traders said. China is expected to be in the market for imported pork as the deadly hog […] Read more
U.S. livestock: Hog futures mixed after hitting three-month high
Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more
U.S. livestock: Hog futures rally for second day
Chicago | Reuters –– U.S. lean hog futures rallied 3.7 per cent on Monday to their highest level since January, with strength in the cash market leading the way, traders said. But cattle futures weakened, setting back from Friday’s gains amid plentiful supplies. Chicago Mercantile Exchange April lean hogs settled 2.3 cents higher at 62.85 […] Read more
Cyber-Savvy Farmer
