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Tag Archives feeder cattle

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle slump to two-month low

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Chicago | Reuters — U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, while […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Finishers, Livestock, Markets

Klassen: Feeder cattle market enters summer doldrums

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Western Canadian feeder cattle prices steady to $5 lower across all weight categories last week with most auction barns starting their summer holiday schedule. Most sales rings are closed next week. Limited numbers were on offer across the Prairies, which caused diverse price action in certain regions. Heavier feeders are hard to come by this […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle up on bargain buying after selloff

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.65 cent/lb. higher at […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures erase Monday’s rally

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday bowed to fund liquidation that wiped out Monday’s sharp gains, including the August contract’s settlement up its three-cent per pound daily price limit, traders said. They attributed further selling on lower wholesale beef values that could weigh on this week’s cash prices. June, […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Low volumes characterize feeder cattle market

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Western Canadian feeder cattle prices were relatively unchanged from week-ago levels; however, low volumes and various-quality cattle characterized the market. It’s that time of year, when stragglers and recovering sick animals come available and discounts were quite sizeable on substandard cattle. Quality late bloomers were well bid and there was no shortage of buyers. Feedlot […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle sharply higher, shrug off USDA report

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply higher on Monday, with the August contract up the three-cent per pound daily price limit, helped by buy stops and fund buying, said traders. They said Monday morning’s wholesale beef price upswing and back-month futures’ discounts to last week’s cash prices offset initial […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally before USDA report

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Friday, with support from buy stops and late-session short-covering before the afternoon’s U.S. Department of Agriculture monthly Cattle on Feed report, said traders. Analysts viewed the report as mildly bearish for live cattle futures on Monday due to May cattle placements that […] Read more

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