(USDA.gov via Flickr)

Fewer cattle placed in U.S. feedlots in May than anticipated

Chicago | Reuters –– The number of cattle placed in U.S. feedlots last month was lower than anticipated, a government report showed on Friday, reflecting healthy pastures that allowed ranchers to grow livestock longer outside of feedyards, said analysts. Producers retained more heifers to help restore the U.S. cattle herd, now at its third lowest […] Read more





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rally on discount to cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight […] 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