(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market anticipates higher feed grain prices

Compared to last week, Western Canadian yearling prices were steady to $5 higher. Across the prairies, strong demand was noted on limited offerings. Most auction barns are gearing up for major sales over the next couple weeks; however, it appears that a few ranchers were testing the waters and the results were quite surprising. Feedlot operators […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market firm despite outside influences

Western Canadian feeder cattle markets were unchanged from week-ago levels despite the strengthening Canadian dollar, stronger feed grain values and weaker fed cattle prices. Feedlot operators are wondering if this is a mockery, a delusion or a snare. Shorter term replacements are hard to come by and haven’t softened a half hair length. Small groups […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle slump on profit-taking, cash caution

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders said. Technical selling contributed to market losses ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report on Friday, traders said. USDA will […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle jump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying contributed to market advances. August ended 2.2 cents/lb. higher at 117.275 cents and above the 20-day moving average of 115.838 cents (all figures US$). October […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle buckle under technical pressure

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, hit by profit-taking and technical selling, said traders and analysts. They said some funds sold August futures and simultaneously bought the October contract. Positioning in advance of the U.S. Department of Agriculture monthly Cattle on Feed report on Friday exerted more […] Read more