Beef: Net sales of 10,100 MT for 2024 were down 35 percent from the previous week and 34 percent from the prior 4-week average. Increases were primarily for China (2,100 MT, including decreases of 100 MT), Japan (1,700 MT, including decreases of 200 MT), Mexico (1,600 MT), South Korea...
Minerva, Marfrig among the largest beef producers in the world Brazil antitrust body CADE said on Wednesday it approved meatpacker Minerva’s acquisition of slaughtering plants run by rival Marfrig in the country, part of a broader billion-dollar deal involving 16 units in South America, reported Reuters. CADE, however, blocked Minerva...
The strike could affect chilled or frozen meat, eggs and soybeans Some 45,000 union workers could walk off the job at seaports on the US East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the nation’s presidential election, reported Reuters. A JPMorgan analysis projected...
Chicago Mercantile Exchange (CME) feeder and live cattle futures turned higher on Thursday, as technical trading, a steady cash market and weakness in grain futures gave cattle contracts a boost, Reuters reported, citing traders. Meanwhile, hog futures continued to turn lower on profit-taking two days after the most-active December contract reached...