Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Tuesday, bouncing back from Monday’s declines. Traders said good profit margins at packers supported the gains. April live cattle closed 0.9 cent/lb. higher at 118.05 cents (all figures US$). The contract hit its highest since March 21. June ended up 0.725 cent, to […] Read more
U.S. livestock: Live cattle rise on strong packer margins
Germany moving ahead with plans to restrict glyphosate
Berlin | Reuters — German Agriculture Minister Julia Kloeckner on Tuesday said she was finalizing a draft regulation to end use of glyphosate herbicide in household gardens, parks and sports facilities, and to set “massive” limits for its use in agriculture. The chemical, made by Monsanto, is at the centre of a heated debate in […] Read more
U.S. livestock: CME nearby live cattle firm, deferred months weak
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mostly weaker on Monday, with traders locking in profits after prices rose on Friday. Lingering concerns over a snowstorm that covered northern areas of the Midwest and Plains provided support to some nearby contracts, a trader said. But overall, supplies were expected to remain […] Read more
U.S. livestock: CME live cattle settle mixed, hogs firmer
Chicago | Reuters — Chicago Mercantile Exchange live cattle April futures on Friday drew support from late-week cash price strength, while profit-taking weighed on the June contract, said traders. Short-covering and technical buying underpinned deep-deferred trading months, they said. April live cattle closed 1.325 cents/lb. higher at 117.075 cents (all figures US$). June ended down […] Read more
U.S. to take another look at Pacific trade pact
Washington | Reuters — U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans-Pacific Partnership, a multinational trade pact he withdrew the U.S. from last year, White House spokeswoman Lindsay Walters said. Republican senators met with Trump on Thursday and he told them that he has asked U.S. Trade Representative […] Read more
U.S. livestock: CME live cattle, hogs close higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle hit a two-week high Thursday, driven by short-covering and futures’ discounts to this week’s prices for slaughter-ready, or cash, cattle, said traders. Remaining cash prices in parts of the northern U.S. Plains might benefit from tight cattle supplies along with forecasts for heavy snow and high […] Read more
U.S. livestock: CME live cattle, hogs end mostly firmer
Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed firmer on Wednesday as investors digested initial prices for slaughter-ready, or cash, cattle while bracing for hefty supplies ahead, said traders. Market participants are also monitoring forecasts for a weekend snowstorm in the northern U.S. Plains that could disrupt livestock production in the […] Read more
Bayer gets U.S. approval to buy Monsanto: report
Reuters — German drugs and pesticides group Bayer has reached a deal with the U.S. Justice Department for antitrust approval for its US$62.5 billion bid to acquire Monsanto by agreeing to sell additional assets, the Wall Street Journal reported Monday. The Justice Department reached an agreement in principle with the two companies in recent days, […] Read more
U.S. livestock: CME live cattle stumble on profit-taking
Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Friday after profit-taking and fund liquidation gave back some of the market’s gains over the past two days, said traders. U.S. stocks’ plunge over trade war fears unnerved CME livestock investors still digesting Monday’s Chinese tariff hike on U.S. pork, with similar plans […] Read more
U.S. livestock: Fund buying sends CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle rose sharply for a second straight day on Thursday, driven by short covering and fund buying, said traders. Investors, for now, are focused more on what packers will pay for cattle in the near term than a potential trade war with China, a trader said. On […] Read more
Canadian Cattlemen Presents: Depth of Field
