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Tag Archives beef prices

Beef cattle, Livestock, Livestock Markets

U.S. beef price-fixing investigation proposed

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U.S. senators, Elizabeth Warren and Mike Rounds on May 19 introduced a bipartisan resolution asking the Federal Trade Commission (FTC) to investigate beef companies for potential price-fixing. It is the latest effort by politicians to hold meat companies accountable for high food prices, which critics blame in part on U.S. beef production being controlled by
U.S. beef pricing bill on Canadian radar
Livestock, News

U.S. beef pricing bill on Canadian radar

The Canadian sector says U.S. packer competition and price discovery are good for cattle producers north of the border

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The United States is pondering federal legislation to boost competition among beef packers and improve cattle price discovery, and the Canadian cattle industry is watching closely. “Producers in general, but more specifically cattle and beef producers on both sides of the border, crave better price transparency and price discovery,” Manitoba Beef Producers president Tyler Fulton
(Lovelyshot/iStock/Getty Images)
Beef cattle, Livestock

Quebec group seeks to sue beef packers over pricing

Group's class-action application alleges price-fixing dating back to 2015

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A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for
The number of breeding cows in the U.S. has dropped by a million head, which is one of the factors that’s been driving wholesale beef prices higher.
Beef cattle, News

Cattle producers struggle but beef suppliers are doing just fine

Wholesale beef prices at record levels but those strong prices haven’t made their way to producers

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Glacier FarmMedia – The good news is that beef prices are extremely strong, even in the face of record beef production in North America. “We have record-high wholesale beef prices right now,” CANFAX manager and senior analyst Brian Perillat said at the recent (and virtual) Canadian Beef Industry Conference. Unfortunately, cattle prices are just not
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures up two per cent

U.S. feedlot data, beef prices supportive

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Chicago | Reuters — U.S. cattle futures closed higher on Monday, buoyed by Friday’s supportive monthly Cattle on Feed report, rising wholesale beef prices and strength on Wall Street tied to hopes for a COVID-19 vaccine, traders said. “All of the above (suggest) optimism for the meat market,” said Jason Roose, analyst and broker with
CME December 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Lean hogs up on lower-than-expected inventory

CME live cattle follow cash cattle lower

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Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures rebound on wholesale strength

Softening cash market drags on hog futures

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Chicago | Reuters — U.S. live cattle futures rebounded on Tuesday, correcting after the biggest drop since June 30, amid a stronger wholesale market, traders said. Lean hogs stepped back for a second day, reflecting a softer cash market, while feeder cattle followed the cash market higher. Chicago Mercantile Exchange December live cattle futures added
CME December 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

U.S. livestock: CME cattle futures end up on firm cash trade

Lean hog futures close mixed

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Chicago | Reuters — U.S. live cattle futures closed modestly higher on Friday, supported by strength in cash cattle markets this week, but uncertainty about beef demand in the coming months capped rallies, analysts said. Chicago Mercantile Exchange October live cattle futures settled up 0.575 cent at 107.35 cents/lb. and December rose 0.525 cent to

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AgCanadaTV: Inflation puts tighter squeeze on farmers

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