CHICAGO Total U.S. pork and beef warehouse stocks unexpectedly declined last month versus May as seasonal grilling helped offset trade issues and abundant domestic meat output, analysts said after Monday's U.S. government cold storage data.
CHICAGO Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday's U.S. Department of Agriculture monthly Cattle-On-Feed report.
CHICAGO Margins for some of the biggest U.S. pork processors have lately slipped to their lowest level in three years, dragged down by surging hog prices and mounting worries over trade with China and Mexico, analysts and economists said.
CHICAGO U.S. beef packers including Tyson Foods Inc and Cargill Inc are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues.
CHICAGO A walkout over a pay shift differential at a Cargill Schuyler, Nebraska, beef processing plant partially disrupted production at the facility and diverted some cattle back to area feed lots, a company spokesman said on Tuesday. A number of first shift employees at the facility refused to work in protest over recently implemented shift differentials provided to second and third shift employees, said company spokesman Michael Martin.
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday.
CHICAGO Ranchers and meat processors in the northern U.S. Plains on Friday braced for a powerful late winter storm that poses a risk to newborn calves, while also threatening to strand hogs on farms and temporarily shut down some packing plants.
CHICAGO China's proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said on Wednesday, even as they remained hopeful the dispute could be resolved quickly.
CHICAGO, April 4 China's proposal on Wednesday
for tariffs on U.S. beef confirmed the worst-case scenario for
the U.S. cattle industry, trade groups said on Wednesday, even
as they remained hopeful the dispute could be resolved quickly.
CHICAGO, April 2 Chicago Mercantile Exchange hog
futures tumbled to their lowest in 16 months on Monday,
hit by news that China raised tariffs on U.S. pork by up to 25
percent in response to higher duties on Chinese steel and
aluminum by the United States.