(Canada Beef Inc. photo)

U.S. livestock: Slumping beef prices rattle CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Friday, pulled down by profit-taking in response to the day’s sharp drop in wholesale beef values, traders said. June closed 1.175 cents per pound lower at 152.325 cents, and August fell 1.475 cents, to 151.275 cents. Friday morning’s choice wholesale beef price […] Read more

(Canada Beef Inc. photo)

Klassen: Strong beef prices spill over into feeder market

U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more


Fed cattle market reaches historic highs

Strong demand for beef continues and cattle herd isn’t expanding quickly

Alberta packers were buying fed cattle in the range of $198 to $200 cwt in April, which was a historic high. Lower energy values and stronger economic growth continue to cause a year-over-year increase in food spending. Disposable income for the average consumer has been ratcheting higher and unemployment levels are improving moving into the […] Read more

(Canada Beef Inc. photo)

U.S. livestock: CME live cattle rally as beef prices set new high

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures offset recent losses and finished higher on Tuesday, driven by short-covering following the day’s choice wholesale beef price surge to an all-time high, traders said. June closed up 0.4 cent per pound to 151.975 cents, and August was 0.575 cent higher at 150.6 cents (all […] Read more