(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle stabilize near annual lows

Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this […] Read more









(Photo courtesy Canada Beef Inc.)

Klassen: Live cattle futures lead feeder market higher

Western Canadian feeder cattle prices continued to climb last week for the second week in a row, as feedlot buying interest absorbed larger available supplies. Calves over 600 lbs. and yearlings were $3-$6 above week-ago levels on average while calves under 600 lbs. traded $5-$10 higher. Weakness in the Canadian dollar enhanced demand from south […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on strong cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the three cents per pound daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.95 cents/lb. and December rose 2.875 cents, to 139.425 (all figures US$). Live cattle’s trading limit […] Read more