(CMEGroup.com)

U.S. livestock: CME lean hogs turn higher on short-covering

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher Tuesday, supported by short-covering and speculative buying after recent market losses, traders said. December finished 1.15 cents per pound higher at 90.2 cents, and February was up 1.075 cents at 89.3 cents (all figures US$). Fund buying surfaced after the December contract broke through


Klassen: Feeder cattle markets remain firm at feature sales

Western Canadian feeder cattle markets experienced extreme volatility over the past week. Strong buying interest was noted on pre-conditioned calves while unweaned bawlers traded $2-$5 per hundredweight (cwt) lower. Alberta packers showed limited interest for fed cattle due to uncertainty in wholesale beef values. However, by the weekend, fed cattle in the U.S. southern Plains



(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice



(CMEGroup.com)

U.S. livestock: CME live cattle pare initial gains before USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture’s monthly Cattle-On-Feed report, traders said. Most analysts expect Friday’s report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago.



(Dave Bedard photo)

Ex-Cargill beef plant worker fined in Alta. court

Reuters — A former worker at Cargill’s High River, Alta. beef plant has been fined for tampering with wastewater samples required by the province, Alberta officials said Wednesday. Cargill Ltd., the Canadian division of the privately held U.S. company, was required by Alberta to study the plant’s wastewater, and limit the amount of phosphorus discharged

(CMEGroup.com)

U.S. livestock: CME live cattle rebound with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday erased Tuesday’s losses, aided by short-covering and the upswing in wholesale beef prices, traders said. October closed up 1.5 cents, to 168.05 cents per pound, and December was 1.05 cents higher at 168.1 cents/lb. (all figures US$). Wednesday morning’s choice wholesale beef price