(Canada Beef Inc. photo)

U.S. livestock: CME live cattle slump with beef prices, but off lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle ended lower on Friday, pressured by profit-taking and a wholesale beef price reversal after Thursday’s spike, traders said. Futures remained undervalued based on this week’s cash price expectations, which stirred late-session buying that freed contracts from session lows. June closed down 0.4 cent per pound, to […] Read more

(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 […] Read more


(CMEGroup.com)

U.S. livestock: CME live cattle close mostly weak

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed up 0.15 cent per pound […] Read more



(Canada Beef Inc. photo)

Klassen: Strong beef prices spill over into feeder market

U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more




(Canada Beef Inc. photo)

Spread between pork, beef prices seen narrowing

CNS Canada — Pork prices in Canada are narrowing the gap with beef prices — but the spread between the two meats remains well above the historical average. “Beef values (cutout) have actually come down a little bit, whereas pork and poultry (cutout) values have actually gone up,” said Brad Marceniuk, a provincial livestock economist […] Read more

(Dave Bedard photo)

U.S. seen approving Brazil fresh beef imports

Sao Paulo | Reuters –– Brazil’s agriculture ministry said on Friday the U.S. is likely to approve imports of Brazilian fresh beef this year, after President Dilma Rousseff visits Washington in June. Brazil, the world’s top beef exporter, is already a steady exporter of cooked beef that appears in items such as canned corned beef […] Read more