1. The export ban on live cattle was brought in some years ago. 2. But the kind of things people write about now will say can we do anything about the export of live cattle? 3. According to the Ministry of Agriculture, a favourable summary would encourage the Government to ask the EC Commission to change its rules on live cattle trading. 4. Chicago soybean futures prices fell Wednesday, partly on limit-down moves in live cattle futures. 5. Elsewhere, live cattle and feeder cattle futures fell. 6. However, unlike manufacturing, where production can often be increased in a matter of weeks or months, expanding or shrinking a herd of live cattle takes years. 7. In the Oprah Winfrey case, the judge ruled that live cattle were not a perishable agricultural product and so did not fit the Texas law. 8. Kilcollin asked the CFTC to continue permitting dual trading on live cattle and Eurodollar futures contracts closest to delivery. 9. Live cattle futures are likely to open little changed when trading resumes on Monday, because the report was close to expectations. 10. Most agricultural economists are forecasting larger supplies of all meats and poultry and weaker markets for live cattle. |
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