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Tag Archives feeder cattle

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

U.S. livestock: Cattle hit new highs on technical buying, beef gains

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Chicago | Reuters — U.S. live cattle futures climbed to a fresh seven-week high on Friday while feeder cattle reached the highest levels since August on support from technical buying and gains in wholesale beef prices, traders said. Chicago Mercantile Exchange futures tracked gains earlier this week in Plains cash cattle markets, with meat packers […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle hit seven-week high on packer margins

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CORRECTED, March 17 — Chicago | Reuters — U.S. live cattle futures rose to a seven-week high on Thursday, boosted by recent gains in beef prices that increased profit margins for meat packers, traders and analysts said. Technical buying also was noted, with some investors buying back positions in front-month Chicago Mercantile Exchange April live […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Cattle jump on gains in cash prices, wholesale beef

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose about one per cent on Wednesday, rebounding from declines in the previous session on the back of higher cash cattle trades in the southern U.S. Plains, traders and analysts said. Beef packers paid higher values for cattle to take advantage of big profit margins […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle jump on healthy margin structure

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Western Canadian feeder cattle jumped $3-$5 on average last week, with 800-plus-lb. yearlings trading as much as $8 higher. Historically high finishing margins finally resonated with feedlot operators and a precarious attitude from recent weeks was thrown by the wayside. Order buyers were inundated with interest as bids were relatively firm across the Prairies. Adverse […] Read more
Cattleman’s Corner, Livestock, Markets

General movement toward higher production

Market Update: Feeder cattle prices may not get much better than they are right now

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Fed cattle prices were hovering in the range of $158 to $160 in mid-February, slightly lower than month-ago levels. The markets are relatively strong and I’m expecting the yearly highs to occur over the next month. First-quarter beef production is coming in marginally lower than anticipated, but supplies are building. The recent cattle-on-feed report and […] Read more
(Canada Beef Inc. photo)
Livestock, Markets, Reuters

U.S. livestock: Feeder cattle up one per cent

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Chicago | Reuters — U.S. feeder cattle futures gained one per cent and live cattle futures were narrowly higher on Thursday amid rising demand for animals, especially for grazing, traders and analysts said. Greening pastures in the Plains region boosted demand for lighter-weight cattle to feed on grass, with beef packers aggressively buying slaughter-weight cattle […] Read more

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