Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high and feeder cattle hit their highest level in five weeks on Friday as cash prices rose and demand improved from meatpackers, brokers said. The markets advanced for the fourth consecutive session as prices recovered from a steep slide that began in October after […] Read more
U.S. livestock: Cattle extend gains on improving cash prices, packer demand
Spain probes whether swine fever outbreak was caused by lab leak
A research centre outside Barcelona will be investigated after Spain’s Agriculture Ministry said a recent swine fever outbreak could have been caused by a laboratory leak.
U.S. livestock: Cattle strengthen Tuesday
Cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, with cold temperatures hitting the northern U.S. Plains and Corn Belt lending some support to the futures. The February live cattle contract gained 4.875 cents per pound at 220.005 cents. Feeder cattle were up 8.800 cents in the January contract at 329.875 cents per […] Read more
Spain deploys military to contain African swine fever near Barcelona
Spain has called in its military to help contain an outbreak of African swine fever near Barcelona, a move aimed at protecting the country’s multi-billion-euro pork export industry.
U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted
Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, pressured by the removal of United States tariffs on Brazilian beef announced Thursday. The 40-per cent tariffs were removed by the White House to bring down beef prices and should result in Brazilian beef moving into the U.S. once again. Talk that the U.S. […] Read more
U.S. livestock: Cattle futures end lower
Cattle futures on the Chicago Mercantile Exchange were weaker on Wednesday, as a lack of fresh news had some participants moving to the sidelines. The December live cattle contract lost 1.925 cents per pound at 225.275 cents. Feeder cattle were down 1.675 cents in the January contract at 327.475 cents per pound. The U.S. Department […] Read more
U.S. livestock: Cattle futures post limit-down losses
Cattle futures on the Chicago Mercantile Exchange were down by their daily limits on Wednesday, with speculative long liquidation a feature. The December live cattle contract lost 7.250 cents per pound at 220.525 cents. Feeder cattle were down 9.250 cents in the January contract at 319.975 cents per pound. U.S. Agriculture Secretary Brooke Rollins met […] Read more
U.S. livestock: Cattle futures plunge daily limits on beef price fears
Reuters — Most Chicago Mercantile Exchange live cattle and feeder cattle futures contracts fell their respective daily limits on Friday, as efforts by the U.S. to lower historically high beef prices appeared to spark a round of long liquidation by speculators, analysts said. CME benchmark December live cattle futures were down their daily maximum of […] Read more
U.S. livestock: Cattle futures mixed
Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, after dropping sharply the previous session. The December live cattle contract was up by 1.350 cents per pound at 241.175 cents. However, more deferred months were lower. Feeder cattle saw a continuation of Wednesday’s selloff, with the November contract down 2.775 cents at 361.450 […] Read more
U.S. livestock: Live cattle continue higher
Live cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, seeing a continuation of Monday’s gains as values remain near record highs. The ongoing shutdown of the United States government will likely delay the publication of monthly cattle on feed data scheduled to come out on Friday. However, market expectations are for a […] Read more
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