(Photo courtesy Canada Beef Inc.)

U.S. livestock: Spot cattle rise, deferreds weak

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with the front-month contract edging higher after hitting a 2-1/2-week low on Wednesday. Deferred cattle contracts were weaker, remaining under pressure from weak cash markets. Strong export data provided support to the nearby contracts. The U.S. Agriculture Department reported weekly beef […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle markets absorbing price uncertainty

Western Canadian feeder cattle markets were quite variable throughout the week due to the uncertain price structure in the deferred position. Yearling prices differentiated by nearly $15 across the Prairies while lighter calves were relatively unchanged from week-ago levels. Adverse weather throughout January and February has tempered demand for replacement cattle. Southern Alberta has received […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle drop on technical selling

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined for the fourth straight session on Friday, easing on technical selling and bets that cattle prices have likely reached a short-term peak, traders and analysts said. Feeder cattle and lean hog futures were slightly higher, with feeders rebounding from a two-week low. Most-active CME […] Read more



U.S. livestock: Cattle stumble on profit-taking, lower cash trades

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures notched their largest daily losses in nearly a month on Wednesday, pressured by profit-taking and weaker trades in U.S. Plains cash cattle markets, traders said. Feeder cattle futures fell nearly two per cent and lean hogs ebbed from their session highs, with each easing in […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs rally from four-month lows on fund buying

Chicago | Reuters — U.S. lean hogs climbed 1.7 per cent on Tuesday, rallying on technical and investment fund buying after falling to more than four-month lows last week, traders and analysts said. Rising wholesale pork prices also bolstered hog futures amid expectations the meat was becoming more competitive with more pricier beef cuts. Live […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Stronger fed cattle prices jolt feeder market

Feeder cattle markets came alive last week as fed cattle prices took a fortuitous bounce. Alberta packers were buying fed cattle in the range of $276-$279 on a dressed basis, up approximately $4 from week-ago levels. Improving beef demand enhanced wholesale beef prices, which quickly spilt over into the cattle complex. Compared to last week, […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle rally on stronger Plains cash market

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed to fresh three-month highs on Friday as firming beef packer bids at U.S. Plains feedlot markets fueled expectations of higher cash cattle sales this week. Tighter supplies of market-ready cattle on feedlot showlists this week helped to support the cash market. Trading later developed […] Read more