Insights and Stories on Beef Prices

May. 14, 2015 at 5:05 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle gained for a third day in a row on Thursday, lifted by record-high prices for choice beef, stoked by grilling demand, traders and analysts said. June closed up 1.825 cents per pound at 153.8 cents, and August 1.425 cent higher at […]

By Theopolis Waters

May. 13, 2015 at 6:07 pm CDT

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 […]

By Dave Sims

May. 8, 2015 at 8:12 pm CDT

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 […]

By Reuters

May. 8, 2015 at 7:59 pm CDT

Chicago/Wellington | Reuters –– Record-high U.S. beef prices will likely climb even higher this summer just as Australia and New Zealand imports dwindle under an extended drought in those countries and demand for steaks in the U.S. rises. Both countries were among the top three exporters of beef to the […]

By Naomi Tajitsu, Theopolis Waters

Apr. 29, 2015 at 5:29 pm CDT

CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said […]

By Dave Sims