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Beef Cattle

(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Five-year beef plan seeks boosts in demand, efficiency

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A new strategy from national and provincial cattle producer and beef marketing agencies has set five-year percentage benchmarks for the industry’s productivity, added value and cost-effectiveness. Canada’s beef sector groups on Wednesday formally released their National Beef Strategy, a guiding document for “how the organizations can work together to best position the Canadian beef industry […] Read more
(National Pork Board (U.S.) photo via ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs rally in anticipation of cash price rebound

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Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned higher Wednesday after initial selling, benefiting from sentiment that cash prices are about to bottom out soon, traders said. February closed 0.75 cent per pound higher at 79.325 cents, and April finished up 0.525 cents at 81.875 cents (all figures US$). Slaughter-ready (cash) hog prices […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Bearish fundamentals sink CME hogs to near two-year low

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Chicago | Reuters — Chicago Mercantile Exchange lean hogs fell to their lowest in almost two years on Tuesday, weighed down by sluggish wholesale pork demand and ample hog supplies, traders said. February closed 1.35 cents per pound lower at 78.575 cents and April finished down 1.45 cents, to 81.35 cents (all figures US$) On […] Read more
Beef Cattle, Livestock, Markets, Reuters

U.S. allows imports of Irish beef, first EU shipments in 17 years

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Dublin/Brussels | Reuters — Ireland has become the first European Union country allowed to export beef to the U.S., 17 years after Washington banned EU imports over BSE. This follows a successful inspection by U.S. authorities of Ireland’s beef production system completed in July, the Irish agriculture department said on Monday, after the ban on […] Read more
(CMEGroup.com)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs sag as funds sell; live cattle rise

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Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower on Monday on sell stops and fund liquidation after nearby contracts drifted beneath technical support levels, traders said. February closed 1.375 cent per pound lower at 79.925 cents, below the 10-day moving average of 81.2 cents (all figures US$). April finished down 0.7 cents […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle in biggest one-day jump in seven months

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Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle on Friday climbed two per cent, their biggest daily increase in seven months, led by live cattle market advances, traders said. Fund buying and buy stops surfaced after January and March surpassed their respective 20-day moving average of 221.46 cents and 218.46 cents (all figures […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle end session weaker

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Chicago | Reuters — Chicago Mercantile Exchange live cattle finished lower on Wednesday on year-end profit taking, trader said. However, futures extended their yearly winning streak to six in a row after finishing up 23 per cent for 2014 amid tight supplies after years of drought, an analyst said. Upward-trending wholesale beef prices and stronger-than-expected […] Read more

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