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Tag Archives feeder cattle

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

U.S. livestock: CME live cattle gain again, hogs drift lower

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday rose for a second straight session, helped by more short-covering and technical buying after some contracts punched through technical resistance levels, traders said. October live cattle ended 1.3 cents/lb. higher at 105.7 cents (all figures US$). December closed 1.325 cents higher at 106.725 […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder market drops on fed cattle weakness

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Alberta packers were buying fed cattle in the range of $128-$130 this past week — the lowest levels since December 2013 and down nearly $18 from a month ago. Weekly beef production continues to defy expectations, bludgeoning feeding margins across the Prairies. Western Canadian feeder cattle markets were quick to respond, trading $8-$10 below week-ago […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle snap back on short-covering

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday shrugged off Thursday’s losses, with October up the three-cents/lb. daily price limit on short-covering and technical buying, traders said. October live cattle ended limit up at 104.4 cents/lb. after breaking through the 10-day moving average of 103.89 cents (all figures US$). December closed […] Read more
Cattleman’s Corner, Markets

Lower meat prices attract consumers

It’s still going to be a slow fall for prices, although expected to pick up in 2017

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Cattle prices appear to be stabilizing as the market absorbs the surge in third-quarter beef production. Alberta packers have been buying fed cattle in the range of $145 to $148 in August while prices in the U.S. Southern Plains have been hovering around US$120. Wholesale beef prices have also held value, enhancing margins for packers. […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle stumble on weaker cash, beef quotes

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Thursday in response to the day’s fallen cash and wholesale beef prices, traders said. October live cattle ended 1.025 cents/lb. lower at 101.4 cents, and December 1.6 cents lower at 102.6 cents (all figures US$). Thursday afternoon’s choice beef price slumped $1.51/cwt […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Live cattle losses deepen on supply woes, weak beef prices

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Chicago | Reuters — U.S. live cattle futures declined more than two per cent on Tuesday, nearing their lowest levels in six years on pressure from big supplies of cattle and beef and lower wholesale meat prices, traders said. Cattle broke below the psychological threshold of 100 cents/lb. for the first time since November 2010 […] Read more

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