(CMEGroup.com)

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Tuesday, pressured by profit-taking in anticipation of steady-to-lower prices for market-ready or cash cattle this week, traders said. Plant closures during the U.S. Memorial Day holiday will lessen their need for supplies, they said. Processors curbed slaughters to avoid spending more for

U.S. livestock: Tight supply outlook rallies CME feeder cattle to new high

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures on Monday clocked a new high for a fourth straight session, partly driven by expectations for tighter numbers of calves ahead, traders said. Feedlots are spending more for calves, or feeder cattle, made scarce after several years of drought in the U.S. sent the herd



CFIA has finalized export certificates for four Mexican beef packing plants effective April 3, the agency has confirmed. (Senasica.gob.mx)

Mexican beef packers approved to export to Canada

Four processing plants in Mexico are the first to ship beef from that country to Canada under new export certificates finalized last month, the Canadian Food Inspection Agency has confirmed. While Mexico’s agriculture secretariat (SAGARPA) announced in mid-February that CFIA has recognized Mexico’s federal inspection system as equivalent for beef processing, the certificates were finalized



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle gain ahead of USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle gained modestly on Friday as investors tweaked positions before the U.S. Department of Agriculture’s cattle-on-feed report at 2 p.m. CT, traders said. Analysts expect the data to show cattle placements last month declined from April 2013 after several years of drought in parts of the U.S.





(Scott Bauer photo courtesy ARS/USDA)

U.S. livestock: CME hog futures close higher but off session tops

Chicago | Reuters — Chicago Mercantile Exchange hog futures closed higher Wednesday in anticipation of tighter supplies linked to the porcine epidemic diarrhea virus (PEDv), traders said. May hogs, which expired at noon CT, settled unchanged at 112.4 cents per pound (all figures US$). June ended 0.975 cent higher at 120.575, and July up 1.5

U.S. livestock: Cash price bounce sends CME hogs mostly higher

Chicago | Reuters — Most Chicago Mercantile Exchange hog futures gained on Tuesday, driven by short-covering in response to higher prices for slaughter-ready or cash hogs, traders said. Aside from the CME May hog contract, which will expire on Wednesday, remaining months gained as packers spent more for supplies to accommodate the rest of this