For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
Feeders
Klassen: Stronger fed cattle markets lifts feeder complex
U.S. livestock: Cattle extend record highs
Chicago cattle futures extended record highs on Monday while lean hogs also saw gains.
U.S. livestock: Cattle, hogs on record highs going into the weekend
Live and feeder cattle futures, as well as those for lean hogs, reached contract highs on the Chicago Mercantile Exchange on Friday. A new round of trade talks between the United States and China in London next week, as well as a solid jobs report from the Labor Department helped strengthen the markets, as well […] Read more
U.S. livestock: August live, cattle contracts hit record highs
Strength in cash markets caused live and cattle futures on the Chicago Mercantile Exchange to rise on Thursday, despite low export numbers reported by the United States Department of Agriculture.
U.S. livestock: Substantial prices gains for live, feeder cattle
Cattle futures on the Chicago Mercantile Exchange made substantial gains on Wednesday, aided by a weaker United States dollar. The August live cattle contract gained US$2.600 per hundredweight and ended the day at US$212.350. The August feeder cattle contract rose by a similar amount, gaining US$2.650/cwt. to close at US$303.875. The United States Department of […] Read more
U.S. livestock: Cattle, hog prices ease off
Cattle prices on the Chicago Mercantile Exchange slipped back on Tuesday despite earlier gains. The August live cattle contract rose to US$212.850 per hundredweight during the day, but eventually closed at US$209.750, a loss of US$1.250 compared to Monday’s close. The August feeder cattle contract also reached its highest price since May 13 at US$304.550/cwt. […] Read more
Klassen: Feeding margin uncertainty weighs on feeder cattle market
For the week ending May 31, Western Canadian feeder cattle markets traded steady to as much as $10 lower on average. Dryer grass conditions in certain regions of Manitoba and central and northern Saskatchewan may have contributed to the softer tone at certain locations. Many feedlot operators continue to sit on their hands for the […] Read more
U.S. livestock: Cattle futures, boxed beef on the rise
In the first trading day of June, live and cattle futures on the Chicago Mercantile Exchange made substantial gains.
U.S. livestock: Lean hogs up, cattle edge down
Chicago cattle futures closed slightly down on Friday while lean hogs continued to gain.
U.S. livestock: Cattle contracts regain strength, hogs edge down
Chicago cattle futures returned to gains on Thursday after two days of losses, while all but the most distant hog contracts edged down.