The bulk of Chicago Mercantile Exchange live cattle contracts closed lower on Friday, pressured by the morning’s bearish U.S. Department of Agriculture (USDA) monthly Cattle-On-Feed report, said traders.
As access to information continues to evolve, so do consumer perceptions of animal agriculture. Today, industry leaders are seeing increased questions from consumers regarding antimicrobial resistance in livestock.
Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said.
Following the recent spread of ASF in Asia and western Europe, a team of researchers set out to measure the risk of ASF entering the United States through the smuggling of pork products in air passenger luggage.