(Photo courtesy Canada Beef Inc.)

U.S. livestock: Feeder cattle gains continue as corn declines

Chicago | Reuters — U.S. cattle futures extended gains on Tuesday, with feeder cattle rising to their highest in 1-1/2 months as falling corn prices reduced costs for fattening the animals and enticed buying from investors, traders said. Optimism that slaughter-weight cattle would fetch higher prices in U.S. Plains cash markets this week also buoyed […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price sentiments extend CME live cattle gains

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher for a second straight session on Friday in anticipation of this week’s cash prices, traders said. Spot-August futures, which will expire on Monday, ended 1.875 cents/lb. higher at 146.525 cents, and October up 1.425 cents, at 143.975 cents (all figures US$). “Feedyards and […] Read more