Livestock Management
By Theopolis Waters CHICAGO, May 20 (Reuters) – Live cattle futures on the Chicago Mercantile Exchange finished lower during the regular session on Wednesday, pressured by cash cattle prices that were initially weak, traders said. But contracts turned higher in after-hours or electronic trading as cash prices improved, they said. Pit-traded June live cattle closed […] Read more
Livestock Management
CME live cattle futures end pit trade lower, rise after-hours; hogs higher
U.S. beef sets new record high, CME cattle rise; hogs lower
By Theopolis Waters CHICAGO, May 19 (Reuters) – Chicago Mercantile Exchange live cattle futures offset recent losses and finished higher on Tuesday, driven by short-covering following the day’s Choice wholesale beef price surge to an all-time high, traders said. June closed up 0.400 cent per pound to 151.975 cents, and August was 0.575 cent higher […] Read more
China ends three-year embargo on Brazil beef imports
(Reuters) — Brazil’s agriculture ministry said on Tuesday that China had definitively ended an embargo on Brazilian beef imports that had been in place since 2012. Eight Brazilian meat processing plants were approved to ship to China, the ministry announced at a press conference, confirming expectations of industry group Abiec. Nine more are expected to […] Read more
U.S. loses meat labelling case; trade war looms
WASHINGTON (Reuters) – Canada and Mexico are readying trade sanctions against the United States after they won a meat labelling dispute on Monday, increasing pressure on the U.S. Congress to scrap the laws. The World Trade Organization upheld a complaint by Canada and Mexico about U.S. laws requiring retailers to label meat with the country […] Read more
WTO rules against COOL for the fourth time
For the fourth and final time, the World Trade Organization has sided with Canada and Mexico in their challenge of the United States discriminatory mandatory country of origin labelling law. The decision paves the way for Canada to place tariffs on U.S. imports in retaliation for the economic harm done to Canadian cattle and pork […] Read more
Mozart-loving chickens may answer quest for healthier nugget
YONG PENG, Malaysia, May 17 (Reuters) – In barns filled with classical music and lighting that changes to match the hues outside, rows of chickens are fed a diet rich in probiotics, a regimen designed to remove the need for the drugs and chemicals that have tainted the global food chain. As food giants face […] Read more
WTO sides with Canada and Mexico: COOL protectionist, discriminatory
For the fourth and final time, the World Trade Organization has sided with Canada and Mexico in their challenge of the United States discriminatory mandatory country of origin labelling law. The decision paves the way for Canada to place tariffs on U.S. imports in retaliation for the economic harm done to Canadian cattle and pork […] Read more
Sysco sees U.S. bird flu hurting egg supply up to 18 months
NEW YORK, May 15 (Reuters) – Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels […] Read more
Profit-taking stalls CME live cattle 3-day uptrend; hogs lower
By Theopolis Waters CHICAGO, May 15 (Reuters) – Chicago Mercantile Exchange live cattle futures ended their three-day rally Friday on profit-taking and the downturn in wholesale beef prices after Thursday’s spike to a record high, traders and analysts said. June and August closed 1.275 cents per pound lower at 152.525 cents and 150.800 cents, respectively. […] Read more
Threatened species label only on public bison herds
Private ranchers worry the designation will hurt bison trade with the U.S.
The Canadian Bison Association says people should not confuse what a threatened species designation for wild Plains bison would mean for commercial operations. The Committee on the Status of Endangered Wildlife in Canada has considered wild Plains bison threatened since May 2004. That status was re-examined and re-confirmed in November 2013. However, the federal government […] Read more
