Lean hog futures dropped to their lowest price since January at the Chicago Mercantile Exchange on Tuesday as weakness in the Mexican peso fueled worries over demand in the biggest export market for U.S. pork, traders said.
U.S. livestock: Lean hogs hit January low on concerns over Mexican demand
Bird flu infects third US dairy worker; Michigan set to expand testing
A third U.S. dairy worker tested positive for bird flu after exposure to infected cows, and was the first to suffer respiratory problems, U.S. officials said on Thursday.
JBS says China blocks beef from US plant over detection of ractopamine
Processor JBS said on Wednesday that Beijing blocked U.S. beef shipments from the company's plant in Greeley, Colorado, because traces of the feed additive ractopamine were identified in beef destined for China.
U.S. grains: Wheat rises 7 per cent this week on Russia crop worries
Chicago Board of Trade wheat futures closed nearly flat on Friday but rose seven per cent for the week as concerns grew over crop losses in Russia and other exporting countries.
U.S. livestock: Lean hogs hit three-month low on weaker cash prices
Chicago Mercantile Exchange lean hog futures slumped to a February low on Thursday under pressure from solid U.S. production and weaker cash prices, traders said.
U.S. livestock: CME hogs slide to February low under US production pressure
Chicago Mercantile Exchange lean hog futures dropped to their lowest level since February under pressure from solid U.S. production on Tuesday, while live cattle futures reached their highest price since March, analysts said.
U.S. livestock: Rallying beef prices push CME live cattle to seven-week high
Wholesale beef prices have jumped this week as retailers and meat processors look ahead to the Memorial Day weekend at the end of the month. The holiday is considered the start of the peak grilling season for products like steaks and hamburgers.
Unclear when tight US cattle supplies will expand, Tyson CEO says
Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business.
U.S. livestock: Cattle futures shoot higher on rising boxed beef prices
Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on Tuesday as soaring boxed beef prices fueled hopes for increased demand, analysts said.
Tyson Foods shares sink on worries over consumer demand, third quarter
Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more
Cyber-Savvy Farmer
