cattle in alberta feedlot

Feeder market trades at or near historical highs

The Markets: Larger supplies by numbers and weight will mean more beef supply year over year

During the last week of October, Alberta packers were buying fed cattle on a dressed basis in the range of $403-$408 per hundredweight ($242-$245/cwt on a live basis). This was unchanged from a month earlier. Breakeven pen closeouts are in the range of $250-$255/cwt, so margins are in negative territory for the time being. The […] Read more

Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)

U.S. livestock: Feeder cattle drop on profit taking after 10-session rally

Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures retreated in a profit-taking setback on Monday after a ten-session rally that took prices to five-month peaks, while live cattle futures followed feeders lower. Monday’s cattle declines came after managed funds had bolstered their long holdings in both markets over recent weeks, encouraged by tight […] Read more