(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump on beef price turnaround

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Thursday on short-covering after wholesale beef values turned higher, traders said. June closed up 0.725 cent per pound, to 153.225 cents, and August 0.825 cent higher at 151.45 cents (all figures US$). Thursday morning’s choice wholesale beef price, cutout, rose $1.23 per hundredweight

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle fall as beef demand fades

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 per hundredweight (cwt) from Tuesday


shopper at a beef display in grocery store

Beef, pork producers watch home markets as exports grow

Both sectors have adopted strategies to increase domestic consumer demand

While they’re major players in overseas markets, Canada’s beef and pork sectors also want to stop losing domestic market share to imports, industry representatives told the Canadian Meat Council annual conference. “Imports continue to flow into Canada,” said Derrick Ash, director of national marketing for Canada Pork. Domestic pork consumption dropped by five per cent

(Peggy Greb photo courtesy ARS/USDA)

Canada preparing shorter list of tariff targets in COOL fight

Winnipeg | Reuters — Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. The Canadian government is likely to target beef, pork, California wines, mattresses, cherries and office furniture, possibly along with other goods, from



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally on discount to cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight


(Canada Beef Inc. photo)

U.S. livestock: Slumping beef prices rattle CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price



meat counter in a grocery store

Pressure mounts for changes to country-of-origin labelling

WTO ruling sets the stage for U.S. repeal of COOL

The United States has three months to repeal its country-of-origin labelling program on beef and pork imports before Canada and Mexico will proceed with billions of dollars’ worth of retaliatory tariffs on American goods. In the wake of the World Trade Organization’s final decision May 18 that COOL violates international trade rules, the House of

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle shrug off early weakness

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday after initial selling, helped by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.675 cent per pound higher at 152.475 cents, and August ended up 0.8 cent at 151.425 cents (all figures US$). Last week, most market-ready