Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were mostly lower Monday, seeing a modest correction to start the week after rising in early December. The February live cattle contract lost 0.475 cents per pound at 226.675 cents. Feeder cattle were down 2.875 cents in the March contract at 330.425 cents per pound. An estimated 600,000 […] Read more
U.S. livestock: Cattle mostly lower Monday
U.S. livestock: Cattle extend gains on improving cash prices, packer demand
Reading Time: 2 minutes Reuters — Chicago Mercantile Exchange live cattle futures set a three-week high and feeder cattle hit their highest level in five weeks on Friday as cash prices rose and demand improved from meatpackers, brokers said. The markets advanced for the fourth consecutive session as prices recovered from a steep slide that began in October after […] Read more
Feed Grain Weekly: Prices levelling as demand wanes
Reading Time: < 1 minute Soft demand has feed grain prices levelling off, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, Alta.
U.S. livestock: Cattle strengthen Tuesday
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were stronger on Tuesday, with cold temperatures hitting the northern U.S. Plains and Corn Belt lending some support to the futures. The February live cattle contract gained 4.875 cents per pound at 220.005 cents. Feeder cattle were up 8.800 cents in the January contract at 329.875 cents per […] Read more
U.S. livestock: Cattle futures turn lower
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Monday, ending a corrective bounce off nearby lows as high beef prices are said to be limiting consumer demand. The February live cattle contract lost 1.925 cents per pound at 215.925 cents. Feeder cattle were down 2.900 cents in the January contract at 321.075 cents […] Read more
Tyson Foods to close U.S. beef plant as cattle supplies dwindle
Reading Time: < 1 minute Tyson Foods will close a beef plant in Lexington, Nebraska, with about 3,200 employees after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said on Friday.
U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Friday, pressured by the removal of United States tariffs on Brazilian beef announced Thursday. The 40-per cent tariffs were removed by the White House to bring down beef prices and should result in Brazilian beef moving into the U.S. once again. Talk that the U.S. […] Read more
Klassen: Beef demand uncertainty weighs on feeder market
Reading Time: 2 minutes For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the […] Read more
U.S. livestock: Cattle futures continue downward
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were weaker on Thursday, as a lack of fresh news continued to weigh on values. The December live cattle contract dropped 6.275 cents per pound at 219.000 cents. Feeder cattle fell 9.025 cents in the January contract at 318.450 cents per pound. The U.S. Department of Agriculture reported […] Read more
Klassen: Weaker fed market weighs on feeder cattle prices
Reading Time: 2 minutes For the week ending November 8, Western Canadian feeder cattle markets traded $10-$20/cwt below values from seven days earlier. Some packages weighing from 600 to 850 pounds were down as much as $30 from week-ago levels. The April live cattle futures fell $10/cwt over the course of the week while Alberta barley prices gained $5-$8/cwt. […] Read more
A message from April Stewart, Country Guide's Associate Editor
