(Canada Beef Inc. photo)

U.S. livestock: Short-covering drives CME live cattle higher

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle grind to 16-month low

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered […] Read more




The era of collaborative competitors

The only new money that enters the beef production chain comes from the consumer. There are a couple of ways this can happen. The first, and I would propose the most positive way, is through product purchase. The second, and not quite as positive, is through tax dollars. Beef demand is based on price versus […] Read more