(Photo courtesy Canada Beef Inc.)

Klassen: Drop in fed cattle prices weighs on feeder complex

Alberta fed cattle prices dropped sharply last week, with dressed sales falling $10 to $20 from seven days earlier. Despite the weakening Canadian dollar, wholesale beef prices also fell US$10/cwt which offset any currency benefit. Feedlot operators froze with disbelief as the market suffered one of the sharpest week-over-week declines in recent memory. The hot […] Read more









(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle extend gains

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Monday landed in positive territory for a second straight session, driven by more short-covering and futures’ discounts to last week’s cash prices, traders said. June live cattle closed 0.875 cent/lb. higher at 115.8 cents, and August ended up 1.3 cents at 113.725 cents (all […] Read more