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    Agrihouse Foundation Honours Global Affairs Canada with Longstanding Development and Program Partner Award

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    Government is Committed to Revitalizing Poultry Sector -Deputy Agric Minister Reaffirms

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    Oil palm sector faces sustainability crisis, as climate, market shocks persist

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    Ministry of Food and Agriculture Commits to Strengthening Agribusiness Partnerships with Nebraska

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    Olam Agri receives three prestigious awards at Ghana Business League Awards

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    Italy’s Rural Hack and Ghana’s Agrihouse Foundation Partner to Strengthen Youth in Agribusiness, Innovation, and Technology

    Italy’s Rural Hack and Ghana’s Agrihouse Foundation Partner to Strengthen Youth in Agribusiness, Innovation, and Technology

    Agrihouse Foundation Honours Global Affairs Canada with  Longstanding Development and Program Partner Award

    Agrihouse Foundation Honours Global Affairs Canada with Longstanding Development and Program Partner Award

    Breaking The Trust Barrier: The Journey Towards True Localization

    Breaking The Trust Barrier: The Journey Towards True Localization

    Qualiplast Supports 5th Ghana Poultry Day with Strategic Product Donation to Boost Hygiene and Handling as well as showcase “Made in Ghana” plastic packaging for farmers

    Qualiplast Supports 5th Ghana Poultry Day with Strategic Product Donation to Boost Hygiene and Handling as well as showcase “Made in Ghana” plastic packaging for farmers

    Government is  Committed  to Revitalizing  Poultry Sector -Deputy Agric Minister Reaffirms

    Government is Committed to Revitalizing Poultry Sector -Deputy Agric Minister Reaffirms

    Government to Intensify Anti-Galamsey Efforts to Secure Ghana’s Food Future

    Government to Intensify Anti-Galamsey Efforts to Secure Ghana’s Food Future

    Deputy Agric Minister Vows Continued Support for Agrihouse Foundation and Women-Led Agribusinesses

    Deputy Agric Minister Vows Continued Support for Agrihouse Foundation and Women-Led Agribusinesses

    7th WOFAGRIC Ends Successfully in Central Region, Celebrates Over 1,300 Women and Youth

    7th WOFAGRIC Ends Successfully in Central Region, Celebrates Over 1,300 Women and Youth

    34-Year-Old Makes History as Youngest Winner of Ultimate Gold in the Soil Award

    34-Year-Old Makes History as Youngest Winner of Ultimate Gold in the Soil Award

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    Oil palm sector faces sustainability crisis, as climate, market shocks persist

    Oil palm sector faces sustainability crisis, as climate, market shocks persist

    Sub-Saharan African Countries can Grow Enough Grains to Feed its Population by 2050 – New research

    Sub-Saharan African Countries can Grow Enough Grains to Feed its Population by 2050 – New research

    Ghana and Nebraska Strengthen Agricultural Ties through Future Pathway Students Exchange Talks   

    Ghana and Nebraska Strengthen Agricultural Ties through Future Pathway Students Exchange Talks  

    Ghana donates 40 metric tonnes of cocoa products to Palestine in solidarity gesture

    Ghana donates 40 metric tonnes of cocoa products to Palestine in solidarity gesture

    Ministry of Food and Agriculture  Commits to Strengthening Agribusiness Partnerships with Nebraska

    Ministry of Food and Agriculture Commits to Strengthening Agribusiness Partnerships with Nebraska

    Former Nebraska State Senators Engage Ghana’s Parliamentary Committee on Agriculture to Strengthen Agribusiness Ties

    Former Nebraska State Senators Engage Ghana’s Parliamentary Committee on Agriculture to Strengthen Agribusiness Ties

    High-value crops of the future: Why native legumes are more than niche crops

    High-value crops of the future: Why native legumes are more than niche crops

    Mahama’s duty waiver on Agro Machinery laudable – GAWU

    Mahama’s duty waiver on Agro Machinery laudable – GAWU

    Government Set to Announce New Cocoa Producer Price Ahead of New Crop Season

    Government Set to Announce New Cocoa Producer Price Ahead of New Crop Season

    • Crops
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    • Livestock
    • Machinery
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  • Regional Trends
    Atuabo Gas Plant to undergo scheduled maintenance from August 16–30  

    Atuabo Gas Plant to undergo scheduled maintenance from August 16–30  

    African Youth Leaders to Showcase Agrifood Innovations at International Youth Day Africa Webinar

    African Youth Leaders to Showcase Agrifood Innovations at International Youth Day Africa Webinar

    Plant Protection Agency warns of land encroachment threatening operations

    Plant Protection Agency warns of land encroachment threatening operations

    Gov’t raises cocoa price to GH¢3,228 per bag

    Gov’t raises cocoa price to GH¢3,228 per bag

    Experts urge practical action to turn intra-Africa trade policies into results

    Experts urge practical action to turn intra-Africa trade policies into results

    Standard Chartered deepens investment in women-led tech startups

    Standard Chartered deepens investment in women-led tech startups

    Agrimercarb’s insect protein innovation is helping safeguard aquaculture

    Agrimercarb’s insect protein innovation is helping safeguard aquaculture

    Chamber of Agribusiness donates 15,000 masks to University of Ghana

    Chamber of Agribusiness donates 15,000 masks to University of Ghana

    Cote D’ivoire and Ghana cocoa platforms calls for closer collaboration with stakeholders in the cocoa value chain

    Cote D’ivoire and Ghana cocoa platforms calls for closer collaboration with stakeholders in the cocoa value chain

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    Sub-Saharan African Countries can Grow Enough Grains to Feed its Population by 2050 – New research

    Sub-Saharan African Countries can Grow Enough Grains to Feed its Population by 2050 – New research

    Innovative Financing Crucial for Africa’s Agrifood Transformation – Report

    Innovative Financing Crucial for Africa’s Agrifood Transformation – Report

    Hubbard Premium Forum 2025: Projects for small-scale farmers in Africa

    Hubbard Premium Forum 2025: Projects for small-scale farmers in Africa

    FoodSystem 5.0 Summer School: Cultivating Complexity, Communicating Transition

    FoodSystem 5.0 Summer School: Cultivating Complexity, Communicating Transition

    Turning Locust Plagues Into Protein Goldmines — How African Farmers Are Harvesting Insects for Feed and Food

    Turning Locust Plagues Into Protein Goldmines — How African Farmers Are Harvesting Insects for Feed and Food

    Millions risk losing access to humanitarian food assistance amid funding slowdown in South Sudan

    Millions risk losing access to humanitarian food assistance amid funding slowdown in South Sudan

    NEW:Coffee industry recovers, exports rise 14% in 2024

    NEW:Coffee industry recovers, exports rise 14% in 2024

    Anchored fish aggregating devices take the guesswork out of fishing

    Anchored fish aggregating devices take the guesswork out of fishing

    Director-General champions innovation and collaboration at 44th Session of the FAO Conference

    Director-General champions innovation and collaboration at 44th Session of the FAO Conference

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    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

    GEPA Impact Hub hosts University of Cape Coast students on Edu tour

    GEPA Impact Hub hosts University of Cape Coast students on Edu tour

    KNUST Researchers uncover Africa’s first smart soil sensor to revolutionize farming

    KNUST Researchers uncover Africa’s first smart soil sensor to revolutionize farming

    All Nations University ventures into agriculture

    All Nations University ventures into agriculture

    97 2025 Yaf Orientation @ D Hub

    Young Agripreneur Forum Holds Orientation for New Members

    International Youth Day Celebration: Youth Urged to Lead Agricultural Transformation to help Eradicate Hunger and Poverty

    International Youth Day Celebration: Youth Urged to Lead Agricultural Transformation to help Eradicate Hunger and Poverty

    World Food Forum (WFF) Ghana Chapter Commemorates International Youth Day with Students of Accra Academy S.H.S   

    World Food Forum (WFF) Ghana Chapter Commemorates International Youth Day with Students of Accra Academy S.H.S  

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    FAO Food Price Index edges up in July

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    Chamber of Agribusiness signs MoUs with Danish Embassy 

    Chamber of Agribusiness signs MoUs with Danish Embassy 

    Governing Board of Ghana Shippers’ Authority Inaugurated – Minister Calls for Reduction in Port Transaction Costs

    Governing Board of Ghana Shippers’ Authority Inaugurated – Minister Calls for Reduction in Port Transaction Costs

    AfCFTA Secretary General urges Cameroonians to join Africa to domesticate the continent’s own market

    AfCFTA Secretary General urges Cameroonians to join Africa to domesticate the continent’s own market

    Prices of some imported goods could be reduced in coming weeks – GIFF assures

    Prices of some imported goods could be reduced in coming weeks – GIFF assures

    Ghana Shippers’ Authority Secures BoG Directive Against Arbitrary Foreign Exchange Rates of Shipping Lines

    Ghana Shippers’ Authority Secures BoG Directive Against Arbitrary Foreign Exchange Rates of Shipping Lines

    Low-income countries hit hardest by global food price inflation

    Low-income countries hit hardest by global food price inflation

    Producer price inflation falls sharply to 10.25% in May 2025, lowest since Nov. 2023

    Producer price inflation falls sharply to 10.25% in May 2025, lowest since Nov. 2023

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LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

Agriwatch by Agriwatch
April 13, 2023
in WatchTower
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LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies
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Live cattle futures at the Chicago Mercantile Exchange (CME) soared to all-time highs on Wednesday, driven by meatpackers’ rush to secure livestock amid tightening supplies, according to brokers. Ranchers have been reducing their herds due to high feed costs and drought in the western U.S., resulting in higher prices for cattle. Additionally, adverse weather conditions in the north have caused remaining animals to weigh less, further straining supplies. The CME April live cattle futures set a new record high for a front-month contract for the second consecutive day, reaching 174.325 cents per pound. This surpasses the previous record set in 2014.

Demand for beef remains robust, supporting both futures and cash prices, as indicated by the U.S. Department of Agriculture (USDA) data showing a $3.38 jump to $298.48 per hundredweight for choice cuts of beef shipped to wholesale buyers in large boxes on Wednesday. Meatpackers have increased slaughter numbers, processing an estimated 125,000 cattle, up 2,000 from the previous week, according to the USDA. Despite offering higher cash prices for cattle to secure supplies, packers’ margins remain favorable, with estimated margins per head of cattle reaching $50.75 on Tuesday, compared to $40.45 on Monday and $59.15 a week earlier, as reported by HedgersEdge.com.

The tight supply situation has led to a scramble among meatpackers to secure sufficient cattle numbers, with the president of brokerage U.S. Commodities, Don Roose, noting that “the packer is scrambling for the cattle numbers that are tight.” Meanwhile, CME feeder cattle futures also ended higher, with the May contract rising by 0.750 cent to 208.575 cents per pound. The record-breaking surge in live cattle futures reflects the challenges faced by meatpackers in procuring enough supplies to meet demand, amid reduced herds and adverse weather conditions impacting animal weights.

source :Reuters

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