(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fund buying extends live cattle gains

Chicago | Reuters — The previous session’s Chicago Mercantile Exchange live cattle advances carried over into Wednesday, with support from fund buying and short-covering on the final trading session of the month, said traders. Futures’ discounts to this week’s initial cash prices provided additional market support, they said. June ended up 1.45 cents/lb. to 124.425 […] Read more



(JBSS.infoinvest.com.br)

JBS parent to pay record fine in leniency deal

Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led […] Read more

Nova Scotia’s incumbent agriculture minister Keith Colwell, shown here at left, will return to the legislature after Tuesday’s election. (NovaScotia.ca/agri)

Nova Scotia ag minister, critic keep seats in election

Nova Scotia’s incumbent agriculture minister and lead ag critic have both hung onto their seats in an election which saw the governing Liberals return to power with a slightly slimmer majority. Preliminary results from Tuesday’s election show Premier Stephen McNeil’s Liberals elected in 27 ridings — down from 34 at the government’s dissolution — followed […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle recoup some recent losses

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday reversed some of their recent losses, helped by short-covering and futures’ discounts to this week’s expected cash prices, said traders. They said some investors sold June futures and simultaneously bought deferred months ahead of the first notice day for June cattle deliveries on Monday. […] Read more