Latest news with #BeefExports
Yahoo
4 days ago
- Business
- Yahoo
Cattle Rally Pushes to Thursday
Live cattle futures posted $2.45 t $2.90 gains across most contracts on Thursday. There were no deliveries issued for August live cattle on Wednesday. Cash trade has yet to kick off this week outside of the $237 in Wednesday's FCE. Feeder cattle futures continued to push higher on Thursday, as contracts were $3.62 to $6.07 higher, extending to new highs. The CME Feeder Cattle Index was up 76 cents to $336.97 on August 6. Beef Export Sales data showed a total of 15,921 MT in sales during the week of 7/31, nearly double the previous week. Shipments were 14,049 MT, a 4-week high. More News from Barchart Coffee Prices Settle Lower on Tariff Woes Tariff Turmoil Weighs on Coffee Prices The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA Wholesale Boxed Beef prices continue to see buying ahead of the Labor Day run later this month, with the Chc/Sel spread at $25.19. Choice boxes were up $4.08 at $378.94, while Select was $2.39 higher to $353.75. USDA estimated cattle slaughter for Thursday at 115,000 head, with the weekly total at 447,000 head. That was up 6,000 head from last week but 34,910 head lower vs. the same week in 2024. Aug 25 Live Cattle closed at $238.750, up $2.450, Oct 25 Live Cattle closed at $232.225, up $2.575, Dec 25 Live Cattle closed at $233.625, up $2.900, Aug 25 Feeder Cattle closed at $348.650, up $3.625, Sep 25 Feeder Cattle closed at $349.625, up $5.400, Oct 25 Feeder Cattle closed at $348.475, up $6.075, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
5 days ago
- Business
- Yahoo
Cattle Look to Wednesday after Setting New Highs on Tuesday
Live cattle futures were stronger again on Tuesday, with contracts up $3 to $3.40 and reaching new all time highs. Preliminary open interest was up 2,998 contracts. There were no deliveries issued for August live cattle on Tuesday. Cash trade has been quiet this week, as last week picked up to $235-236 in the South and Northern trade reported at $247. Feeder cattle futures rallied $5.10 to $5.65 across the front months on Tuesday to hit a fresh high for the move. The CME Feeder Cattle Index was back up 21 cents to $336.03 on August 4. Beef export data from Census and converted to a carcass basis was tallied at 217.03 million lbs for June. That was the lowest export total for any month since June 2020. More News from Barchart Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns Arabica Coffee Supported by Dry Conditions in Brazil Can Sugar Break Out from Its Bearish Trend? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA Wholesale Boxed Beef prices were higher in the Tuesday afternoon report, with the Chc/Sel spread at $24.00. Choice boxes were up $4.15 at $369.94, while Select was $4.35 higher to $345.94. USDA estimated cattle slaughter for Tuesday at 115,000 head, with the weekly total at 216,000 head. That was down 5,000 head from last week and 22,589 head lower vs. the same week in 2024. Aug 25 Live Cattle closed at $234.275, up $3.375, Oct 25 Live Cattle closed at $227.100, up $3.000, Dec 25 Live Cattle closed at $228.150, up $3.150, Aug 25 Feeder Cattle closed at $341.050, up $5.650, Sep 25 Feeder Cattle closed at $339.550, up $5.100, Oct 25 Feeder Cattle closed at $337.825, up $5.425, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Cattle Rallying on Tuesday, with Beef Gaining Back Some Ground
Live cattle futures are up $3.50 to $3.72 across most contracts so far on Tuesday. Cash trade has been quiet this week, as last week picked up to $235-236 in the South and Northern trade reported at $247. Feeder cattle futures are rallying $6.10 to 6.20 across the front months on Tuesday. The CME Feeder Cattle Index was back down 7 cents to $335.82 on August 1. The Monday OKC feeder cattle auction showed an estimated 5,926 head sold, with price action steady and heavy weight steers and heifers down $3. More News from Barchart Coffee Prices Rally on Below-Average Rainfall in Brazil Below-Average Rain in Brazil Supports Coffee Prices Is the Corn Market Undervalued? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Beef export data from Census and converted to a carcass basis was tallied at 217.03 million lbs for June. That was the lowest export total for any month since June 2020. USDA Wholesale Boxed Beef prices were higher in the Tuesday morning report, with the Chc/Sel spread at $24.39. Choice boxes were up $4.61 at $370.40, while Select was $4.42 higher to $346.01. USDA estimated cattle slaughter for Monday at 101,000 head. That was down 7,000 head from last week and 15,979 head lower vs. the same week in 2024. Aug 25 Live Cattle are at $234.625, up $3.725, Oct 25 Live Cattle are at $227.600, up $3.500, Dec 25 Live Cattle are at $228.500, up $3.500, Aug 25 Feeder Cattle are at $341.600, up $6.200 Sep 25 Feeder Cattle are at $340.550, up $6.100 Oct 25 Feeder Cattle are at $338.525, up $6.125 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Reuters
08-05-2025
- Business
- Reuters
Britain's farmers welcome no weakening of import standards in US-UK deal
LONDON, May 8 (Reuters) - Britain's farmers union gave Thursday's U.S.-UK economic deal a mixed reception, welcoming the retention of British food standards on U.S. imports and reciprocal market access for beef, but flagging concern over a removal of tariffs on bioethanol. The deal gave UK farmers a U.S. quota for beef of 13,000 metric tonnes, which the National Farmers Union said was a positive. Under the deal, U.S. farmers will have the same quota for sales into Britain. Crucially there will be no weakening of UK food standards on U.S. beef imports, which was a red line for the union and an election manifesto pledge for the Labour government. That means U.S. beef bred with growth hormones still won't be allowed into the UK. 'We appreciate the government's efforts in listening to our concerns, particularly around maintaining high standards, protecting sensitive agricultural sectors and securing reciprocal access for beef," NFU President Tom Bradshaw said. Brooke Rollins, U.S. Secretary of Agriculture, said the deal would "exponentially increase" U.S. beef exports to Britain. However, with little price differential between British produced beef and U.S. beef that does meet UK standards, the U.S. product could struggle to find a UK market. Finding favour with the UK consumer may also be a tough task. Currently 100% of the fresh beef sold by Britain's two biggest supermarket groups - Tesco (TSCO.L), opens new tab and Sainsbury's (SBRY.L), opens new tab - is British and Irish. Bradshaw also said he was concerned that the U.S. had been given full access to Britain's market for bioethanol, which is used to produce beer. "Two agricultural sectors have been singled out to shoulder the heavy burden of the removal of tariffs for other industries in the economy," he added.
