Insights and Stories on Beef

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 […]

Klassen: Feeder market in consolidation mode

Jun. 7, 2021 at 9:39 pm CDT

By Jerry Klassen

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

Jun. 7, 2021 at 5:55 pm CDT

By Mark Weinraub

U.S. livestock: CME feeder cattle slide on higher feed costs

Jun. 4, 2021 at 4:29 pm CDT

By Christopher Walljasper

JBS says all facilities operating after weekend cyberattack

Jun. 3, 2021 at 8:03 pm CDT

By Tom Polansek

U.S. livestock: CME feeder cattle gain on lower corn

Jun. 3, 2021 at 6:56 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures gained on Thursday, lifted by lower corn futures and firmer back-month live cattle. “From the feeder buyer’s perspective, you had higher cattle and lower corn, so that’s a good deal,” said Alan Brugler, president of Brugler Marketing. CME August […]

By Christopher Walljasper

JBS plants reopen as White House blames Russia over hack

Jun. 2, 2021 at 7:57 pm CDT

Washington/Chicago | Reuters — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with […]

By Nandita Bose Tom Polansek

U.S. livestock: CME cattle futures rise as JBS reopens plants

Jun. 2, 2021 at 4:15 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Wednesday, bouncing back from Tuesday’s steep decline that stemmed from a shutdown of JBS SA’s beef operations due to a cyberattack. JBS employees were returning to U.S. meat plants on Wednesday, with a return to full capacity in […]

By Mark Weinraub

JBS Canada plant up and running after cyberattack

Jun. 2, 2021 at 4:43 am CDT

Meat packer JBS’s major beef slaughter plant in Alberta went back to work Tuesday following a cyberattack reported to have downed several of the company’s operations in North America and Australia. JBS USA, the unit overseeing the Brazilian firm’s Canadian operations, and JBS-owned chicken unit Pilgrim’s Pride both reported “significant […]

By Dave Bedard

U.S. livestock: Cattle futures fall on cyberattack at JBS

Jun. 1, 2021 at 6:43 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures tumbled on Tuesday after JBS stopped slaughtering at U.S. plants because of a cyberattack. Brazil’s JBS told the U.S. government that a ransomware attack on the company originated from a criminal organization likely based in Russia, according to the White […]

By Tom Polansek