(Photo courtesy Canada Beef Inc.)

Klassen: Renewed confidence lifts feeder cattle market

Western Canadian feeder cattle markets traded $3-$5 above week-ago levels on average; stronger buying interest was noted on short-keep cattle with prices quoted $5 to as much as $8 higher. Feedlot operators stepped forward more aggressively with ideas that yearling supplies will dwindle over the next month. Quality cattle are starting to thin out at […] Read more

If you see a profit, take it

Markets have improved, but it likely won’t last

Fed and feeder cattle have been percolating higher over the past month as the market moves through a period of seasonal low beef production. Restaurant traffic sharply improves in March and April, and retail beef movement also increases. Consumers generally start eating more once spring rolls around and this year, the health of the overall […] Read more









(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle extend gains as funds buy

Chicago | Reuters — Chicago Mercantile Exchange live cattle rose for a third straight day on Friday with support from fund buying and futures’ discounts to late-afternoon cash price expectations, said traders. They said some market participants sold April futures and simultaneously bought deferred months in a trading strategy known as bear spreading. April live […] Read more


(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Bargain buying rallies CME hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed higher on Thursday after bargain buying lifted futures from four-month lows, said traders. They said buy stops and deferred-month technical buying furthered market advances. April hogs ended up 0.3 cent/lb. to 63.925 cents, and May 1.2 cents higher at 69.55 cents (all figures US$). “We […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end firmer despite cash pessimism

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained modestly on Wednesday, aided by their discounts to this week’s cash price expectations, said traders. They said sufficient supplies and seasonally tepid wholesale beef demand capped market advances. April live cattle closed up 0.05 cent/lb. to 118.275 cents, and June up 0.125 cent to […] Read more