(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs close up sharply with cash prices

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished nearly two per cent higher on Friday as supply-strapped packers spent more for slaughter-ready, or cash, cattle than expected, traders said. October live cattle settled ended up 2.7 cents per pound at 159.75 (all figures US$). December closed at 160.925, up 2.425 cents after

(CMEGroup.com)

U.S. livestock: CME live cattle close mixed, hogs mostly lower

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed mixed on Thursday, supported by initially higher cash prices while pressured by profit-taking, traders said. October live cattle ended up 1.625 cents per pound at 157.05 cents, and December at 158.5, up 0.5 cent (all figures US$). February finished 1.4 cents lower at 156.7,


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump up nearly two per cent

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures climbed nearly two per cent on Wednesday, their biggest one-day percentage increase in 1 1/2 months, driven by strong cash price expectations for this week, traders said. October live cattle ended up the maximum three cents per pound daily price limit at 155.425. December closed

Zoetis gets conditional license from USDA for PEDv vaccine

Chicago | Reuters –– Zoetis Inc. has received a conditional license from the U.S. Department of Agriculture for its vaccine against the porcine epidemic diarrhea virus (PEDv) and will begin selling it this month in the U.S., the company said Wednesday. Shares of Zoetis, the world’s largest animal-health company, reached an all-time high of US$36.65


(CMEGroup.com)

U.S. livestock: CME live cattle supported by fund buying, higher cash

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Tuesday supported by fund buying and higher prices paid in the cash cattle market, traders said. The October CME live cattle touched its highest level since Aug. 7, fuelled by the higher cash trade. The October contract traded through the 40-day moving



 Photo: Thinkstock

Report sounds alarm for food processing in Manitoba

Trouble in the pork and potato industries could put a $100-million 
drag on food processing in Manitoba, a new report says

Manitoba’s food-processing sector could take a $100-million nose-dive by 2020 if challenges faced by two of its three biggest players — pork and potatoes — aren’t addressed soon. That’s the worst-case or “business-as-usual” scenario laid out in a recent study by the Rural Development Institute (RDI) at Brandon University. Researchers gathered data from Statistics Canada

(CMEGroup.com)

U.S. livestock: Cash price optimism rallies CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures turned up sharply on Thursday in anticipation of steady-to-better prices for market-ready or cash cattle this week, traders said. Futures drew more support from their discounts to last week’s cash cattle returns. August live cattle, which will expire on Friday, ended up 1.45 cent per