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Beef cattle

(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME feeder, live cattle end higher on tight supplies

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Chicago | Reuters — Cheaper grain prices, firmer live cattle prices coupled with tight supplies and good pasture boosted Chicago Mercantile Exchange feeder cattle values into record territory on Thursday, traders said. CME August feeders ended at 199.825 cents per pound, up 1.05 cents, while the September contract closed up 0.75 cent at 200.25 cents/lb.
ground beef on a conveyor
Beef cattle, Livestock

Meat processors applaud tenderized beef labelling

But they say ground beef should also carry cautionary labels

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Meat processors are welcoming Health Canada’s regulations for mandatory cooking advisory labels on all mechanically tenderized beef (MTB) products but wonder why retailers aren’t required to put similar labels on ground beef packages. Jim Laws, president of the Canadian Meat Council, said in an interview the department’s MTB labelling order, which comes into effect Aug.
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME live cattle close mostly higher on spreads

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed mostly higher on Monday after investors sold June futures and simultaneously bought deferred months in a trading strategy known as bear spreading, traders said. Weak wholesale beef prices further pressured the June contract, they said. Monday morning’s wholesale choice beef price slipped 41 cents per
Beef cattle, Livestock, Markets

Klassen: Weaker barley prices support feeder market

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Western Canadian feeder cattle prices continue to percolate higher in the 750-pound-plus categories while lighter weight classes were steady with week-ago levels. Feedlot buying interest appeared to be more aggressive due to softer barley prices in southern Alberta. Earlier in May, barley traded up to $220 per tonne delivered Lethbridge but active trade materialized at
(Dave Bedard photo)
Beef cattle, Livestock, Markets

Canada to produce world’s first McSustainable beef

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Canada has been picked over Australia and Europe as the site of the McDonald’s chain’s pilot to serve only “sustainable beef,” Alberta Farmer has learned. A definition of “sustainable” is still on the drawing board. However, the fast-food firm has the backing of the Canadian Cattlemen’s Association and is working with the CCA’s Canadian Roundtable
(CMEGroup.com)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Profit-taking undercuts CME live cattle futures

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Chicago | Reuters — Chicago Mercantile Exchange live cattle closed lower Friday, pressured by profit-taking following futures’ sharp rally on Thursday, traders said. “Investors are looking at the fact that futures overdid it to the upside yesterday,” said Oak Investment Group president Joe Ocrant, who also cited weaker cutout values. Friday morning’s wholesale choice beef

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