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Tag Archives beef prices

(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeders still vulnerable in financial market turbulence

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Western Canadian feeder cattle prices experienced a defensive tone over the past week. Cattleman had their eyes glued to the equity market meltdown, which enhanced fears the fed cattle market would follow suit. Live cattle futures were on a roller coaster, and a late-week bounce in the Canadian dollar added to market uncertainty. Buyers were […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Uncertainty causes feeder market volatility

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Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances were down $6 to $12 in non-major feeding regions. Feeder markets were slightly softer Monday through Wednesday; however, feedlot operators were quick to back away […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Beef price rebound pulls CME live cattle higher

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Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price, […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Fed cattle bounce stabilizes feeders

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Alberta fed cattle prices jumped to three-month highs, reaching $174 over the past week, setting a positive tone for feeders to start off the New Year. Retailers appear to be featuring beef at discounted prices, alleviating the bloated beef pipeline. Wholesale prices also ratcheted higher, reflecting the improving demand. While pen closeouts remain in negative […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Reuters, Weather

Wintry blast cuts both ways in U.S. cattle country

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Chicago | Reuters — A major winter storm rolling across the U.S. Plains on Monday disrupted transportation of cattle to beef packing plants in sections of the region, said experts. However, they said, the rough weather supported cattle and wholesale beef prices struggling against abundant overall meat supplies and heavyweight animals. The storm, dubbed Goliath, […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets

Klassen: Feeder cattle market falls sharply

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Western Canadian feeder cattle prices experienced a week-over-week decline of $12-$15 on average, with fleshier unweaned calves trading down $20-$25. Major feedlot operators reined in buying interest across the Prairies as fed cattle and wholesale beef prices remain under pressure. Feeding margins continue to deteriorate beyond pain thresholds and the backlog of market-ready feedlot supplies […] Read more

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