(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle sharply higher, shrug off USDA report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial […] Read more



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs hit one-year high as pork prices extend gains

Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday, with the front-month contract rising to the highest levels in a year on support from rising prices for wholesale pork, traders and analysts said. Chicago Mercantile Exchange July lean hogs notched life-of-contract highs for the third straight session as investors continued to […] Read more