Beef prices soaring as a result In its January Cattle Inventory report, USDA estimated that total cattle and calves in the United States were 87.2 million, the lowest since 1951, according to a recent market report from Bernt Nelson at the American Farm Bureau Federation. The country’s cattle producers, he said, facing stress from multiple years...
Lean hog futures close higher Chicago Mercantile Exchange (CME) live cattle futures fell on Wednesday as boxed beef cutout values turned lower ahead of the US Labor Day holiday on September 2, when many Americans light up their grills, Reuters reported, citing traders. Feeder cattle futures ended the day mixed. A...
Population growth, positive economic growth cited as drivers The USDA Foreign Agricultural Service post in Manila forecasts 2025 beef imports to increase to 226,000 MT CWE, a near 3% increase from 2024, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Population growth and a...
Lean hog futures ease on negative seasonal pattern Chicago Mercantile Exchange (CME) cattle futures turned higher on technical trading on Monday, as live cattle contracts rose on expected consumer demand and hopes of some cash market prices firming, Reuters reported, citing traders. Meanwhile, feeder cattle futures gained support from weakness in...
Hong Kong’s Centre for Food Safety (CFS) announced that it will transition from a “systems-based” approach to recognising foreign meat and poultry establishments to an “establishment or plant-based” registration system, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Under the new import protocol, US...
Production has stagnated due to limited land The USDA Foreign Agricultural Service post in Manila forecasts the Philippines 2025 beef and carabeef production at 184,000 MT CWE, up less than 1% compared to 2024, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. In recent years...
The Canadian Meat Council (CMC) and the Canadian Pork Council (CPC) applauds the federal government for employing section 107 of the Canada Labour Code to mitigate the damage to industry this disruption to service would have caused, according to a press release from the councils. The move provided needed certainty to...
October lean hog futures end up Chicago Mercantile Exchange (CME) live and feeder cattle futures ticked higher on Thursday on a spree of bargain buying as industry players believed cattle futures were oversold, Reuters reported, citing analysts. Live and feeder cattle futures had set multiple life-of-contract lows during the previous session...
October lean hog futures finish up Chicago Mercantile Exchange (CME) cattle futures were mostly stable on Friday on pre-weekend positioning following a technical-driven selloff this week, Reuters reported, citing traders. A weak cash cattle trade and uncertainty over the state of the US economy has added pressure on cattle...
Stoppage would halt US spring wheat shipments to west coast A looming stoppage of freight railway operations across Canada would disrupt North America’s agricultural supply chain, snarling shipments of everything from wheat to fertiliser and meat, reported Reuters. Unless last-minute labour agreements are reached, both Canadian National Railway and Canadian Pacific...