(Canada Beef Inc. photo)

U.S. livestock: CME live cattle jump with beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Monday, fueled by the rebound in wholesale beef prices that helped erase Friday’s market losses, traders said. October closed 1.3 cents per pound higher at 169.55 cents, and December was 0.925 cents higher at 167.825 cents (all figures US$). Monday morning’s choice […] Read more

CME Group to cut staff by five per cent

CME Group, the world’s top derivatives marketplace, has announced plans to cut about 150 jobs, or five per cent of its staff worldwide, mainly from its technology department. The staff cuts come as part of the company’s previously announced restructuring, which included a decision earlier this month to cut its electronic trading hours for CME […] Read more