CHICAGO, Oct 23 (Reuters) - Chicago Mercantile Exchange cattle futures turned lower on Wednesday, amid a flurry of technical selling and uncertainty whether consumer demand for beef would chill after ...
CME December live cattle ended down 0.50 cent at 186.825 cents per pound, while November feeder cattle futures settled down 1 cent at 246.60 cents per pound.
Back in March 2020, then-Agriculture Secretary Sonny Perdue announced a USDA investigation into suspiciously high beef prices. He referred to the “historically high” difference between cattle prices ...
Chicago | Reuters—Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on Tuesday as soaring boxed beef prices fueled hopes for increased demand ... down from 124,000 cattle a ...
It identifies hidden fees and unjust/anticompetitive pricing strategies present in the beef market as a case study. Third, USDA announced the next steps in a new rulemaking effort under the Packers & ...
The USDA has raised its 2024 beef production guess, while lowering outlooks for pork, broilers, turkey, and eggs. Beef is now seen at 27 billion pounds, up 205 million from September on faster ...
Choice boxed beef cutouts were also higher, up $2.14 at $311.48 per cwt. And a jump in pork cutout values gave lean hog futures a boost, with carcass prices up $3.22 at $100.45 per cwt, according to ...
to create fair markets in the beef industry. The USDA announced a new rulemaking effort to enhance price discovery and fairness in cattle markets, after releasing a report that NDFU leaders say showed ...
The threat of subpoenas comes as the USDA deepens its investigation into whether consolidation in the meatpacking and grocery industries has allowed big companies to manipulate prices through illegal ...