Insights and Stories on Beef

U.S. ag secretary backs proposed meatpacking investigator

Jun. 15, 2021 at 5:31 pm CDT

Reuters — U.S. Agriculture Secretary Tom Vilsack on Tuesday threw his support behind a proposal to establish a special investigator to address concerns about anti-competitive practices in the meat and poultry industries. Republican U.S. Senators Mike Rounds of South Dakota and Charles Grassley of Iowa and Democratic Senator Jon Tester […]

U.S. livestock: Cattle futures climb as corn prices cool

Jun. 14, 2021 at 7:16 pm CDT

By Julie Ingwersen

U.S. livestock: Cattle gain on strong packer margins

Jun. 11, 2021 at 6:53 pm CDT

By Karl Plume

U.S. livestock: Lean hogs end mostly higher

Jun. 10, 2021 at 6:37 pm CDT

By Karl Plume

JBS says it paid US$11 million in bitcoin for ransom

Jun. 10, 2021 at 3:58 pm CDT

By Reuters

Feed weekly outlook: Rising costs cut into cattle profits

Jun. 10, 2021 at 3:20 pm CDT

MarketsFarm — Strong demand for beef has kept fed cattle prices in Western Canada well supported, but high feed grain prices continue to cut into profits in the feeder sector, according to CanFax analyst Brian Perillat. Fed cattle prices have rallied for most of 2021, he said, “so feedlots, after […]

By Phil Franz-Warkentin

U.S. livestock: Front-month hogs hit seven-year high in thin trade

Jun. 9, 2021 at 5:14 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Wednesday, with the thinly traded June contract rising to a seven-year high as strong domestic demand continues to underpin prices even as export prospects wane, traders said. The most-active hog futures contract eased on profit-taking but […]

By Mark Weinraub

U.S. livestock: July hogs retreat after matching contract high

Jun. 8, 2021 at 7:23 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended mixed on Tuesday after matching a contract high because of tight U.S. supplies and firm cash markets, analysts said. The hog market has surged this year due to strong domestic demand and solid export sales to China, the […]

By Tom Polansek

Klassen: Feeder market in consolidation mode

Jun. 7, 2021 at 9:39 pm CDT

Compared to last week, western Canadian feeder cattle prices were quite variable depending on the weight category. Replacement cattle weighing over 800 lbs. were steady to $4 lower while feeders weighing 700-800 lbs. traded steady to $4 higher on average. Feeder cattle under 600 lbs. were unchanged from seven days […]

By Jerry Klassen

U.S. livestock: Hog futures rise on strength in cash market

Jun. 7, 2021 at 5:55 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose on Monday, with the market underpinned by tight supplies and firm cash markets, traders said. But technical selling kept the gains in check, with the front-month contract failing to take out the seven-year high it hit on Friday. CME […]

By Mark Weinraub