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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Drop in beef prices weighs on CME live cattle futures

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Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday, weakened by lower wholesale beef prices that could pressure cash values later this week, traders said. Spot December closed 1.450 cents per lb lower at 140.225 cents, and February 1.050 cents lower at 142.650 cents. Tuesday morning’s wholesale choice beef price sagged 61 cents […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures end mostly firm; hogs weaker

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Chicago/Reuters – Most live cattle futures on the Chicago Mercantile Exchange gained modestly on Monday, with December pulled down by its premium to last week’s prices for market-ready, or cash, cattle, traders said. They added that funds sold the CME live cattle and lean hog December contracts, and simultaneously bought deferred trading months, in advance of […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures slide on final trading session

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Chicago / Reuters – Chicago Mercantile Exchange live cattle ended lower on Friday, the last trading session of the month, with pressure from uneasiness about remaining prices for remaining market-ready, or cash, cattle by late Friday evening, traders said. Spot October, which expired at noon CDT (1700 GMT), settled 0.875 cents per cwt lower at 139.250 […] Read more
(JBSsa.com)
Hogs

Brazil’s JBS concludes acquisition of Cargill pork unit

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Sao Paulo / Reuters – Brazilian meatpacker JBS SA said on Friday it had concluded its $1.45 billion acquisition of Cargill Inc’s U.S. pork assets without any restrictions from regulators, a deal that makes it one of the largest meat companies in the United States. UPDATE: Cargill Illinois hog processing plant offline until Monday Chicago / […] Read more
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Steep drop in pork belly prices sink CME lean hog futures

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Chicago / Reuters – Chicago Mercantile Exchange lean hog futures ended lower on Thursday, pressured by downward-trending cash and wholesale pork prices, traders said. December closed down 1.525 cents per lb to 59.875 cents, and February was 1.500 cents lower at 63.000. Cash hog prices in the Iowa/Minnesota hog market on Thursday afternoon sagged $1.25 […] Read more
Austrian politician Andrae Rupprechter posted a picture of himself on his Facebook page with a platter of cold cuts, calling the WHO report a “farce.” Twitter
Hogs

#FreeBacon sizzles on social media

WHO review: Negative tweets outnumber positive ones by more than 6.5 to one

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Bacon lovers took to social media on Tuesday to express disdain over a World Health Organization report that said processed meat is likely to cause cancer. The hashtags #FreeBacon, #Bacongeddon and #JeSuisBacon were among the top-trending topics worldwide on Twitter for a second straight day. Celebrities, politicians and ordinary consumers were reacting to Monday’s announcement […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures rally by 3-cents/lb price limit

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures settled up by their 3-cents per lb daily price limit on Wednesday, boosted by short-covering in response to improved wholesale beef demand and Tuesday’s better-than-expected preliminary cash prices, traders said. Spot October and December ended at 139.675 and 143.600 cents per lb. Live cattle’s trading limit […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle close lower, but up from session lows

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by cash price pessimism that later improved, following unexpectedly better cash prices which lifted contracts from morning lows, traders said. Spot October closed 2.875 cents/lb. lower at 136.675 cents, but is currently down 0.675 cents, to 138.875, in electronic trading […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle, hogs sag while digesting meat warnings

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Hogs, Livestock, Markets, Reuters

China to resume imports from U.S. pork plants

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Chicago | Reuters — China, the world’s largest pork consumer, will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year over the use of a feed additive, the U.S. Department of Agriculture said Friday. USDA did not provide a date on which China will resume the imports. China’s […] Read more

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