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U.S. Senators Scrutinize Meat Packers' Big Profits During Pandemic

U.S. News & World Report - 3/30/2020 8:29:00 PM
Senator Charles Grassley of Iowa wrote on Twitter that U.S. Department of Agriculture, Department of Justice and Commodity Futures ... in agricultural markets. Live cattle futures dropped 3.5% on the Chicago Mercantile Exchange over the last three weeks amid worries the virus would shut slaughterhouses, while prices for beef that meat companies ...

LIVESTOCK-Cattle futures soar as beef prices surge; hog futures follow

Reuters - 3/23/2020 10:22:00 PM
U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium,

Percent Price Moves for Key Commodities - 3/18/2020 3:43:00 PM
Interestingly, despite live cattle futures off 22.7% and lean ... about the downdraft that the huge collapse in share prices has had on commodity values and this is certainly true as a number ...

Morning Livestock Comments

Inside Futures - 3/30/2020 5:48:00 PM
Below are the early morning Livestock Comments from my twice a day newsletter, Commodity Insite ... was a sea of red ink with the livestock complex. Prices were sharply lower off the opening bell and simply remained in the ugly the rest of the session. At settlement, feeders and live cattle were limit down at 450 points. Lean hog futures ...

LIVESTOCK-U.S. hog, cattle futures dive as volatile trade continues

Reuters - 3/28/2020 12:04:00 AM
Live cattle and feeder cattle futures also fell sharply ... but now we are dealing with it and it is really not causing the backup in hog numbers or cattle numbers,” said Dennis Smith, commodity broker for Archer Financial Services in Chicago. “The profit margins are so fantastic (that) these packers have every incentive in the world ...

Leaders seek relief for cattle producers

The Topeka Capital-Journal - 3/20/2020 6:50:00 PM
This content is being provided for free as a public service to our readers during the coronavirus outbreak. Please support local journalism by subscribing to your local newspaper. HUTCHINSON — Commodity markets are plummeting,

Farmers react to coronavirus relief bill

Wis Business - 3/30/2020 2:40:00 PM
The WFU specifically noted the $14 billion to reimburse the Commodity Credit Corporation and the $9.5 billion to support ... WFU is also calling for the U.S. Department of Justice to investigate price fixing by meatpackers. “Live cattle prices have been falling while in-store beef prices are climbing,” said Von Ruden.

The commodity complex collapse and what comes next

Jamestown Sun - 3/21/2020 11:35:00 AM
The cattle markets have been under severe pressure with live cattle back at the bottom of the range and ... the oil market is to make new lows below $26 with the potential for price to eventually trade down to the $10 to $15 per barrel level in the coming years. The entire commodity complex is in a large and prolonged correction.

Cattle Prices Sharply Higher Again

Inside Futures - 3/23/2020 4:12:00 PM
Live Cattle Futures--- Cattle futures in the April contract are limit up 300 points at ... The U.S stock market is down another 800 points which generally has a negative influence towards cattle prices, but at the current time this market is so crazy I have no idea where prices are headed as I will keep the stop loss and not 2nd guess and ...