U.S. livestock: CME lean hog futures tumble on uncertain pork demand

Chicago | Reuters – Lean hog futures on the Chicago Mercantile Exchange fell sharply on Monday, with the benchmark October contract down its daily limit on worries about a seasonal increase in hog supplies and uncertain demand for U.S. pork, analysts said. CME October hog futures settled down 3 cents at 84.600 cents per pound,[...]

Eye worm, known only in cattle, found in U.S. woman's eye

New York | Reuters -- An Oregon woman has become the first person worldwide known to have had an eye infestation by a tiny worm species previously seen only in cattle that is spread by flies that feed on eyeball lubrication, U.S. government researchers said on Monday. U.S. Centers for Disease Control and Prevention scientists[...]


China promotes livestock farming to digest corn stocks

Beijing/China – China wants to turn its grain basket in the northeast into a national meat and dairy production base, said the agriculture ministry on Thursday, as part of a broader plan to create stronger demand for the region's main crops. Heilongjiang, Jilin, Liaoning and Inner Mongolia account for around a quarter of China's total[...]

U.S. livestock: Supply jitters extend CME live cattle futures losses

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures fell for a fourth straight session on Thursday, dragged down by growing worries about hefty near-term supplies, traders said. "We've got more numbers (cattle) out here and more numbers coming, and that's just a Damocles sword over this market," said Top Third Marketing analyst Mark Gold. Fund[...]


U.S. Catholics allowed corned beef on Paddy's Friday

Chicago | Reuters -- In recent weeks, the U.S. meat industry has found itself wrestling with a culinary conundrum: Would American Roman Catholics be able to eat corned beef this St. Patrick's Day? Traditionally in the U.S., the Feast of St. Patrick -- a celebration of Irish culture, and renowned for all things green --[...]

JBS plans U.S. IPO for international unit

Sao Paulo | Reuters -- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the U.S. in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in[...]


U.S. opens up to Brazil fresh beef imports

Brasilia | Reuters -- The U.S. and Brazilian governments exchanged food safety equivalence documents on Monday that will open up their respective markets to fresh beef exports, a window expected to boost Brazil's exports to the U.S. by US$900 million. The U.S. Department of Agriculture said its Food Safety and Inspection Service had determined that[...]

JBS doesn't see Brazil beef exports to U.S. before 2016

Sao Paulo | Reuters -- Meatpacker JBS expects fresh beef exports from Brazil to the U.S. to begin no earlier than 2016, later than the Brazilian government predicted, CEO Wesley Batista said Friday. An agreement between the two countries was signed in June, when Brazilian President Dilma Rousseff visited Washington, but Batista said it would[...]


U.S. seen approving Brazil fresh beef imports

Sao Paulo | Reuters -- Brazil's agriculture ministry said on Friday the U.S. is likely to approve imports of Brazilian fresh beef this year, after President Dilma Rousseff visits Washington in June. Brazil, the world's top beef exporter, is already a steady exporter of cooked beef that appears in items such as canned corned beef[...]

Klassen: Expansionary activity drives feeder market higher

I know this may sound redundant, but western Canadian feeder cattle traded $2 to $5 higher last week and in some cases as much as $10 above week-ago levels. Strong gains were noted across the Prairies on all weight categories. Feather-light steer calves under 500 pounds touched the magical $400 level in eastern regions; 700-lb.[...]