Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East conflict as the Israeli military […] Read more
U.S. livestock: Cattle retreat as energy rally dents beef demand outlook
Lean hog futures mostly also lower
U.S. livestock: CME cattle, hogs rise on technical buying
USDA supply data seen as priced into market
Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Thursday as technical buyers stepped into the market after prices weakened earlier in the session. Traders said the massive supplies reported by the U.S. Agriculture Department have been priced in and speculators were likely to buy any dip in the market at current levels. […] Read more
Australia buys vaccines for lumpy skin disease to safeguard cattle exports
Recent scares halted some live export trade
Canberra | Reuters — The Australian government said on Wednesday it had bought a supply of vaccines for lumpy skin disease (LSD), a highly infectious condition affecting cattle, as part of efforts to control the disease and maintain live animal exports. The government says Australia is free of LSD but infection scares in recent months […] Read more
Saskatchewan expands wildlife testing to include bovine TB
CFIA probe of cattle herd finds 10 infected so far
Recent confirmed cases of bovine tuberculosis (TB) in a Saskatchewan cattle herd have led the province to expand its annual wildlife monitoring program for chronic wasting disease (CWD) to also include TB. The province each year since 1997 has asked hunters to submit heads from harvested deer, moose and elk to test for CWD. It […] Read more
U.S. livestock: Chicago cattle turn higher
CME lean hogs mostly lower
Chicago Mercantile Exchange (CME) cattle futures turned solidly higher Wednesday while lean hogs mostly continued lower. Most-active December live cattle closed 1.975 cents higher Wednesday at 186.975 cents/lb., erasing two days’ losses, but not before touching a one-month low of 184.25 (all figures US$). Both front-month October 2023 and February 2024 turned 1.925 cents higher, […] Read more
U.S. livestock: Live cattle mostly lower
Lean hogs also down a second day
Most-active December live cattle on the Chicago Mercantile Exchange (CME) turned lower for a second day in a row Tuesday, as did lean hog and deferred-month feeder cattle futures. December live cattle closed Tuesday at 185 cents/lb., down 0.35 cent on the day, while lightly-traded front-month October ended up 0.2 cent at 182.575 cents/lb. (all […] Read more
U.S. livestock: Cattle, hogs down as Middle East war sparks risk-off selling
Smithfield to shut Charlotte, N.C. plant
Chicago | Reuters — Chicago Mercantile Exchange cattle futures retreated on Monday while lean hog futures fell for the first time in four sessions, pressured by risk-off selling as violence erupted in the Middle East over the weekend and riled global markets. The bloodiest fighting in years between the Palestinian Islamist group Hamas and Israel […] Read more
U.S. livestock: CME hog futures rise for third day in a row
Cattle futures turn higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Friday, extending a rally that was sparked by a strong export sales report a day earlier, traders said. A round of short covering was noted as prices moved off of the four-month lows hit on Wednesday. Cattle futures also were firm. The most-active […] Read more
Turning back the clock with grazing
Cattle can help fill the biodiversity void left from the loss of bison
Reading Time: 5 minutes Cattle are often maligned for their contributions to greenhouse gas levels, but Agriculture and Agri-Food Canada’s Tim McAllister says that’s wrongheaded. “We hear about people advocating for the need to eliminate livestock from agriculture production, basically without really understanding the negative connotations that would have,” the researcher said during a recent webinar. “We really need […] Read more
U.S. livestock: CME hogs rally, export sales in focus
Cattle futures turn lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied on Thursday, with signs of strong export demand supporting prices following the market’s decline to its lowest in more than four months on Wednesday. The U.S. Department of Agriculture (USDA) said on Thursday morning that export sales of pork totaled 42,900 metric tonnes in […] Read more
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