(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle sink after hitting highest since early November

Chicago | Reuters — Live cattle futures dropped 2.2 percent after hitting their highest level in 2-1/2 months on Thursday, snapping a three-day winning streak as a rebound in the U.S. dollar sparked a round of profit-taking. “The pushback on the U.S. dollar maybe caught a few people off-guard,” said Rich Nelson, chief strategist with […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Beef quotes send CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained after triggering buy stops, spurred by the morning’s wholesale beef price rebound, traders said. Firmer wholesale beef values stirred bull spreads, in which traders bought February futures and simultaneously sold deferred months. February live cattle finished 1.175 cents/lb. higher at 124.725 cents […] Read more






(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump on short-covering

Chicago | Reuters — Chicago Mercantile Exchange cattle futures surged on Wednesday on technical buying and short-covering, spurred in part by higher-than-expected prices at a weekly cattle sale, traders said. Animals at Wednesday’s Fed Cattle Exchange brought $119.75/cwt, up from $119 a week earlier (all figures US$). “I guess people thought it would be closer […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market lacks demand in new tax year

Compared to last week, western Canadian feeder cattle traded $8-$10 lower while U.S. prices were also down $5-$10 from week-ago levels. The feeder market appeared to short-circuit after I thought the market was charged to move higher in last week’s report. Feedlot operators and cattle feeders saturated their demand prior to the New Year and […] Read more