Despite a lack of activity in the feed grain markets, prices for feed barley and feed grain are trending lower, according to a grain broker from Edmonton.
Feeders
Feed Grain Weekly: Less activity before corn deliveries
U.S. livestock: Feeder cattle ease on strong corn prices
Chicago Mercantile Exchange feeder cattle futures dropped on Wednesday, while live cattle rose in a turnaround from losses during the previous session, according to analysts.
U.S. livestock: Cattle futures fall on technical trading, retail price caution
Chicago Mercantile Exchange live cattle futures dropped on Tuesday in a technical correction from a five-week rally and on concerns that high prices may cool beef demand, according to analysts.
Klassen: Calf market ratchets higher
For the week ending October 12, the Western Canadian prices for yearlings off grass and backgrounding operations were relatively unchanged from seven days earlier. The Lethbridge market for calves was up $8-$10 from week-ago levels while calf markets in the non-major feeding regions were up a solid $4-$6 on average.
U.S. livestock: Cattle futures dip on profit-taking
Chicago Mercantile Exchange live and feeder cattle futures fell on Friday as traders pocketed profits following a nearly month-long rally, analysts said.
U.S. livestock: CME cattle futures higher on demand bounce, hogs also up
Chicago Mercantile Exchange live cattle futures bounced back on Thursday as a strong cash market and a bump in beef demand lent support to prices, traders said.
U.S. livestock: Lean hog, cattle futures lower on profit-taking
Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.
Fed cattle market grinds lower
The Markets: Softer demand shows up as North American employment weakens
During the second week of September, Alberta packers were buying fed cattle on a dressed basis in the range of $406-$410/cwt, down from prices of $425-$428/cwt a month earlier. Beef demand appears to be softening as unemployment levels increase. In addition to weaker consumer spending, September and October are two months when beef demand typically […] Read more
U.S. livestock: Lean hogs and cattle continue rally
Chicago Mercantile Exchange lean hog and cattle futures rose on Tuesday as wholesale cutout values remained strong amid a largely positive economic picture, analysts said.
Klassen: Feeder markets experience stronger demand
For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for non-weaned bawlers were relatively unchanged.
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