(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market holding value

Compared to last week, western Canadian yearling prices were steady to as much as $4 higher while calf values traded within $5 on either side of unchanged. Current feedlot margins are hovering around break-even, but profitability will improve during October and November, given the recent strength in the deferred live cattle futures. Therefore, short-keep feeders […] Read more


CME December 2018 live cattle, with Bollinger (20,2) bands. (Barchart)

U.S. livestock: CME cattle up on technical buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday, with the most-active December contract rallying from a one-week low on technical buying and anticipation of strong consumer demand, traders said. The market shook off pressure from bearish data in Monday’s U.S. Department of Agriculture cold storage report, which showed total […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle climb ahead of USDA supply report

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were higher on Friday, boosted by short-covering in a rebound from an earlier one-week low, traders and analysts said. Traders also were squaring their positions ahead of the U.S. Department’s monthly Cattle on Feed report, which was released after the close of trading. The slightly […] Read more




(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market eyes April live cattle futures

Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more


CME October 2018 live cattle, with 200-day moving average in purple. (Barchart.com)

U.S. livestock: Live cattle mixed on profit-taking

Chicago | Reuters — U.S. live cattle futures settled narrowly mixed on Monday, with some contracts easing slightly after prices surged to six-month highs following strong sales in cash markets late on Friday, traders said. Front-month October live cattle jumped to a peak of 113.975 cents/lb., highest since March 14, before settling at 113.425 cents, […] Read more