(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hog futures slump on strong dollar, bird flu woes

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell three per cent Wednesday, with deferred contracts making new lows, on the strong dollar and bird flu in Arkansas, traders said. The U.S. Department of Agriculture on Wednesday confirmed the case of highly pathogenic avian influenza in a commercial turkey flock in Arkansas. Investors



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures mixed as dollar, stocks weigh

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed mixed on Tuesday, with nearby futures helped by their discounts to recent cash prices, while back months bowed in part to outside market pressure. April closed 0.75 cent/lb. higher at 154.75 cents, and June up 0.1 cent at 146.25 cents (all figures US$). August

(Photo courtesy Canada Beef Inc.)

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

Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Monday, pressured by profit-taking and funds that sold or “rolled” April contracts and simultaneously bought deferred months, traders said. Funds involved in CME’s livestock markets that follow the Standard + Poor’s Goldman Sachs Commodity Index (S+P GSCI) shifted their April positions in a



(CMEGroup.com)

U.S. livestock: CME hogs drop with cash, wholesale pork prices

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs turned lower on Thursday, pressured by weaker cash and wholesale pork prices, traders said. April and June closed 1.175 cents per pound lower at 66.825 cents and 77.45 cents, respectively (all figures US$). Wholesale pork prices slumped $1.49 to $68.49 per hundredweight (cwt) on Thursday morning


(JBSsa.com)

Australia clears JBS bid for pork firm Primo

Sydney | Reuters — Australian regulators have approved a bid by the U.S. arm of Brazilian beef giant JBS to acquire Australian Consolidated Food Holdings Pty. Ltd. (Primo) for an undisclosed sum, Treasurer Joe Hockey said on Wednesday. The approval by Australia’s Foreign Investment Review Board (FIRB), subject to conditions at Primo’s abattoir, allows the

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs veer sharply higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted steep gains Wednesday on fund buying and cash price optimism that wiped out Tuesday’s losses, traders said. April closed up the three-cent-per-pound price limit at 154.05 cents, and June ended 2.65 cents higher at 146.325 cents (all figures US$). CME live cattle’s trading limit



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rise on discounts to cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, supported by their discount to what packers paid for market-ready (cash) cattle last week, traders said. “We had the board (futures) too cheap when the February contract expired last Friday,” said Vetterkind Cattle Brokerage president Troy Vetterkind. April closed 1.75 cents