Insights and Stories on Slaughter

Aug. 28, 2023 at 5:08 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures gained on Monday, supported by consumer demand and continued tightening of available cattle, analysts said. “I think we probably did get a little help here from retail movement over the last week,” said Alan Brugler, president of Brugler Marketing, noting […]

By Christopher Walljasper

Aug. 16, 2023 at 5:16 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures stumbled to their lowest level in more than two weeks on Wednesday, while lean hogs hit their lowest price since June. Drought prompted U.S. cattle producers to reduce their herds since last year by driving up feed costs and reducing […]

By Tom Polansek

Aug. 14, 2023 at 7:43 pm CDT

Sao Paulo | Reuters — Brazilian meat company JBS SA on Monday reported a second-quarter loss citing the negative effects of an oversupplied global chicken market and tighter margins for its beef business in the U.S., where it gets most of its sales. JBS reported a net loss of 263.6 […]

By Reuters

Aug. 11, 2023 at 7:29 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday, as cash cattle prices eased and packers continued to hemorrhage profits and remained reluctant to pay more for animals, analysts and traders said. Meanwhile, lean hog futures firmed as profit margins improved for pork processors. Limited cattle supplies […]

By P.J. Huffstutter

Jul. 7, 2023 at 5:20 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rallied on Friday on tight fed cattle supplies and higher cash market sales in the central U.S. Plains and western Midwest, traders said. Beef packers were in need of cattle to fill near-term operations, including a large Saturday slaughter and […]

By Karl Plume