Buzzline

News Without Noise

Author Info

StockLens

Find Me On

Trending News

Tag: cattle futures

CME cattle futures drop, beef processors face big losses

Buzz line03 mins

CHICAGO, Jan 7 (Reuters) – Chicago Mercantile Exchange cattle futures tumbled on Wednesday as meatpackers faced major losses slaughtering the high-priced farm animals to make steaks and hamburgers. Cattle prices climbed to record highs last year as the US herd dwindled following a persistent drought that dried up pasture lands and raised feeding costs. Futures…

Read More

CME cattle futures hit October highs on tight US supply

Buzz line03 mins

CHICAGO, – Chicago Mercantile Exchange cattle futures on Tuesday touched their highest prices since October on strong cash prices and expectations that US supplies will remain tight this year, analysts said. Traders projected that Washington will continue to block US imports of Mexican cattle following recent detections of New world screwworm in animals in Mexico….

Read More