(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle stumble on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle turned lower on Friday after profit-taking and fund liquidation gave back some of the market’s gains over the past two days, said traders. U.S. stocks’ plunge over trade war fears unnerved CME livestock investors still digesting Monday’s Chinese tariff hike on U.S. pork, with similar plans […] Read more






(Photo courtesy Canada Beef Inc.)

Klassen: Rising feed grain prices weigh on feeder market

Western Canadian yearling prices were relatively unchanged from week-ago levels; however, feeder cattle fit for grass and calves dropped $4 to as much as $10 from seven days earlier. Rising feed grain costs appear to be affecting lighter weight categories more than the yearling market. Feedlots will be struggling with negative margins through the summer […] Read more




U.S. livestock: Cattle, hogs mostly higher on bargain-buying

Chicago | Reuters — U.S. livestock futures were mostly higher on Wednesday, with both cattle and hogs recovering from recent lows on bargain buying and positioning ahead of government supply data, traders and analysts said. Most lean hog contracts jumped three per cent or more on the Chicago Mercantile Exchange after earlier notching lifetime lows. […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hogs end mixed on positioning before USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures settled mixed on Tuesday after investors adjusted positions before the U.S. Department of Agriculture’s (USDA) quarterly hog report on Thursday, said traders. Analysts polled by Reuters, on average, estimated the U.S. hog inventory as of March 1 at 72.902 million head or 3.1 per cent […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feedlots struggle through adverse weather

Western Canadian yearling prices experienced a week-over-week decline of $5-$8 with some pockets deteriorating $10 to as much as $12. Adverse weather in southern Alberta has resulted in limited buying interest from main feedlot operators. Feedlot Alley has received 150-200 per cent of normal precipitation over the past 60 days. Snow and rain, along with […] Read more