(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag with initial cash prices

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Friday after traders pocketed profits following lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 0.4 cent/lb. at 148.45 cents, and October one cent lower at 146.85 cents (all figures US$). Cash cattle traded lightly in Texas at […] Read more

(Dave Bedard photo)

KFC faces pressure after McDonald’s says no antibiotics in chicken

Los Angeles/Chicago | Reuters — KFC, the world’s largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald’s said it would switch to chicken raised without human antibiotics. McDonald’s will phase out chicken raised with antibiotics that are important to human health […] Read more