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Beef cattle

(JBSsa.com)
Beef cattle, Hogs, Livestock

JBS quarterly profits beat expectations

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Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meat processor, posted better than expected second-quarter profits on Wednesday, helped by a sharp increase in revenues from its pork business in the U.S., said the company. São Paulo-based JBS earned 1.657 billion reais (C$650 million) in net income last quarter, compared with 252
The Canadian cattle industry continues to work with McDonald’s Canada as part of a national discussion to verify the industry’s sustainability.
Beef cattle, News

McDonald’s commits to continued sustainable beef conversation

McDonald’s Canada is now working with Canadian Roundtable 
for Sustainable Beef to create a single national standard

By
McDonald’s Canada is doubling-down on its strategy of meeting sustainability goals by working with the beef industry. With a recent pilot project on sustainable beef that partnered with the industry groups and experts that demonstrated and verified the sustainability of the Canadian beef supply wrapped up, it’s looking to build on that base. The key
(Photo courtesy Canada Beef Inc.)
Beef cattle, Livestock, Markets

Klassen: Feeder cattle market seeking stability

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Western Canadian feeder cattle prices continued on a downward trajectory trading $3-$5 below week-ago levels. Erratic buying interest resulted in inconsistent price action across the Prairies which made the market difficult to define. Smaller groups of various quality cattle were on offer, justifying the softer tone, but feedlot operators demonstrated unwavering fortitude even on genetically
(Canada Beef Inc. photo)
Beef cattle, Livestock, Markets

U.S. opens up to Brazil fresh beef imports

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Brasilia | Reuters –– The U.S. and Brazilian governments exchanged food safety equivalence documents on Monday that will open up their respective markets to fresh beef exports, a window expected to boost Brazil’s exports to the U.S. by US$900 million. The U.S. Department of Agriculture said its Food Safety and Inspection Service had determined that
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hogs settle mostly weak on month-end positioning

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Chicago / Reuters – Most Chicago Mercantile Exchange lean hog contracts closed weaker on Friday, after a volatile session highlighted by  investors squaring positions on the final trading day of the month, trader said. August hogs finished up 0.125 cent per lb to 68.975 cents. October ended 0.150 cent per lb lower at 59.050 cents and December down 0.075 cent to
File photo
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Slumping cash prices sink CME hogs to four-month low

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Chicago / Reuters – Chicago Mercantile Exchange lean hogs on Thursday settled near their lowest since late-March 2013, dragged down by weaker cash prices before some plants shut down on Monday for an annual industry floater holiday, traders said. One packer was closed on Thursday, and possibly on Friday, for repairs, which limited its need for supplies, a Midwest hog merchant
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: CME hog futures biggest one-day loss in seven months

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Chicago / Reuters – Chicago Mercantile Exchange lean hogs on Wednesday slumped nearly four per cent, their biggest daily decline since mid-December 2015, pressured by day’s steep wholesale pork price drop and further cash price weakness, traders said. August hogs finished 2.925 cents per lb lower at 71.675 cents. October ended 2.575 cents per lb lower at 61.050 cents. Cash hog prices
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Beef price bounce extends CME live cattle futures gains

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Chicago / Reuters – Chicago Mercantile Exchange live cattle futures gained for a third straight session on Tuesday, fueled by technical buying and the day’s wholesale beef price turnaround, said traders. August live cattle closed 0.925 cents per lb higher at 113.875 cents, and above the 40-day moving average of 113.30 cents. October settled 1.500 cents higher at 112.575 cents and over

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