Insights and Stories on Packers

Jul. 21, 2020 at 6:10 pm CDT

Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday for a second consecutive session after key contracts reached more-than-four-month highs last week as processors continued to cut into a surplus of market-ready cattle, traders said. Concerns about a piecemeal economic reopening as coronavirus cases flare up across […]

By Christopher Walljasper

Jul. 20, 2020 at 5:19 pm CDT

Chicago | Reuters — U.S. live cattle futures closed lower on Monday, pulling back after a rally last week on signs that meatpackers may be working through backlogs of market-ready cattle, traders said. Although slaughter rates have returned to pre-coronavirus levels, cattle remain heavier after backing up in feedlots when […]

By Christopher Walljasper

Jul. 18, 2020 at 3:51 am CDT

Chicago | Reuters — Two of the world’s largest meatpackers said on Friday they have installed ultraviolet air cleaning equipment in some U.S. plants, as pressure mounts on food companies to protect workers amid growing concerns about airborne transmission of the coronavirus. JBS USA, owned by Brazil’s JBS SA and […]

By Tom Polansek

Jul. 17, 2020 at 6:31 pm CDT

Chicago | Reuters — U.S. live cattle futures closed steady to firm on Friday, stabilizing after a two-session rally attributed to speculative buying and signs that meat packers may have worked through much of a backlog of market-ready cattle, traders said. Chicago Mercantile Exchange (CME) August live cattle futures settled […]

By Julie Ingwersen

Jul. 16, 2020 at 7:17 pm CDT

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live […]

By Julie Ingwersen