(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle gain fades as funds roll positions

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, paring early advances, after funds sold or rolled their June positions and bought deferred months, traders said. Funds trading in CME’s live cattle and hog markets shifted June long positions further back in a procedure known as the “roll” by followers

Heinz Reimer

Manitoba Beef Producers offering six bursaries in 2015

Students have until June 5 to submit 
an application

Manitoba Beef Producers (MBP) is offering six $500 bursaries to deserving Manitoba students in 2015. MBP awarded four $500 bursaries in 2014. The bursaries are available to MBP members or their children who are attending a university, college or other post-secondary institution. Students pursuing trades training are also eligible. Preference will be given to students






(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Profit-taking ends CME hogs’ three-day uptrend

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures finished lower Thursday on profit-taking after three consecutive days of gains, traders said. May hogs closed 0.5 cent per pound lower at 79.85 cents, and June down 0.55 cent to 83.5 cents/lb. (all figures US$). Despite strong pork cutout values, investors were nervous about further



(Canada Beef Inc. photo)

U.S. livestock: Improved beef prices take CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, helped by rising wholesale beef values, traders said. June ended 0.725 cent per pound higher at 151.45 cents, and August was up 0.775 cent at 149.9 cents (all figures US$). Tuesday morning’s wholesale choice beef price climbed $1.33 per hundredweight (cwt)