(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle reach another two-month high

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high for a second straight day on Thursday, buoyed by this week’s stronger-than-anticipated cash prices, traders said. December live cattle closed up 0.025 cent/lb. to 108.225 cents, and February ended 0.3 cent higher at 108.8 cents (all figures US$). This week, packers […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Strong cash prices boost CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday reached their highest level in two months, driven by fund buying and better-than-expected cash prices, said traders. December live cattle closed up 2.725 cents/lb. to 108.2 cents, and February ended 1.975 cents higher at 108.5 cents (all figures US$). On Wednesday packers paid […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Ample supplies drop hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Tuesday fell for a third consecutive session, dragged down by weaker cash and wholesale pork prices amid abundant seasonal supplies, said traders. December closed down 0.775 cent/lb. to 46.125 cents, and February ended 0.7 cent/lb. lower at 52.9 cents (all figures US$). “There are […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Strong demand underpins feeder market

Western Canadian feeder cattle markets traded steady to $3 above week-ago levels; however, weaned lower-flesh calves were $3 to as much as $6 higher. Southern Alberta calf sales are winding down while other regions are just getting started. This resulted in surreptitious behaviour from Lethbridge-area feedlot operators. Orders stretched across the Prairies, like a slow-moving […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle finish mostly firmer

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts on Monday finished modestly higher after investors sold December futures and simultaneously bought deferred months in a trading strategy known as bear-spreading, traders said. December live cattle closed down 0.025 cent per pound at 105.575 cents (all figures US$). February ended up 0.225 cent […] Read more

Producers hit with ‘sticker shock’

Market Update: Bottom of the market may be in sight in mid-2017

There was an old saying on the trading floor — “Up the mountain; down the mountain.” After extreme highs; traders need to prepare for extreme lows. Earlier in summer, I thought the cattle markets would start to stabilize and maybe turn around in October. However, I have to eat my words because as of mid-October, […] Read more


Photo: Canada Beef Inc.

Klassen: Feeder cattle markets establish fundamental equilibrium

Western Canadian feeder cattle markets were relatively unchanged from week-ago levels as most auction barns held featured or pre-sort calf sales. However, premiums of $3 to as much as $8 were noted on pre-conditioned, quality-weaned replacements. Time in the market is more important than timing the market; longer term risk adverse feeding reinforced the fact […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Hogs surge on technical buying, cattle mostly higher

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures soared three per cent on Wednesday, rebounding on technical buying from the steep losses seen in the previous session, traders and analysts said. Cattle futures also were mostly higher, even as some contracts edged slightly lower after hitting one-month peaks. Higher prices for wholesale beef […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle leap to one-month high

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday reached their highest level in a month, driven by short-covering and recent increase in wholesale beef values, said traders. They added that some investors bought CME live cattle futures, and simultaneously sold lean hog contracts, in anticipation for possibly firmer cash cattle prices […] Read more