(Peggy Greb photo courtesy ARS/USDA)

Hit by beef ban, Indian butchers eye Jersey cows

Mumbai | Reuters –– Battling a beef ban that has threatened their livelihoods, Muslim traders in India are seeking permission to slaughter foreign-origin Jersey cows they think will not be as sacred to the country’s majority Hindus as locally bred cattle. Several states led by the Hindu nationalist Bharatiya Janata Party of Prime Minister Narendra

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on improved fundamentals

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed up the three-cent-per-pound price limit Thursday, on higher wholesale beef values and better-than-expected subsequent cash prices, traders said. April and June ended at 159.3 cents and 149.025 cents per pound (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents



(CMEGroup.com)

U.S. livestock: CME live cattle, hogs rally on short covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished higher on Tuesday, supported by short-covering in the wake of recent market losses, traders said. CME live cattle discounts to last week’s prices for market-ready (cash) cattle provided more support, they said. April closed 0.95 cent per pound higher at 156.3 cents, and June ended


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle tumble again as funds sell off

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep losses for a second straight session on Monday, partly due to fund liquidation after contracts fell through key technical support levels, traders said. April closed 2.45 cents per pound lower at 155.35 cents (all figures US$). It dropped below the 100-day and 40-day



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle plunge limit down as cash prices fall

Chicago | Reuters –– Chicago Mercantile Exchange live cattle fell by the three-cent-per-pound price limit Friday on profit-taking and lower cash prices, traders said. April and June closed at 157.8 cents and 149 cents, respectively (all figures US$). CME’s live cattle trading limit will be expanded to 4.5 cents on Monday following futures’ limit-down settlement