Reading Time: 2 minutes 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
Klassen: Feeder cattle markets establish fundamental equilibrium
U.S. livestock: CME live cattle futures losses mount; hogs rally
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the 40-day moving average […] Read more
U.S. livestock: CME live cattle, hog futures extends losses
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle closed 1.350 cents […] Read more
Alberta Beef Producers call for TB financial support
Reading Time: 2 minutes With cattle under quarantine in parts of Alberta after a TB case was discovered in an animal from that province at a U.S. slaughter facility, the bills are starting to stack up. Alberta Beef Producers (ABP) recently said in an online publication that a significant number of herds have been quarantined and the producers notified. […] Read more
U.S. livestock: Live cattle, hog futures stumble on profit-taking
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 cents, and February […] Read more
U.S. livestock: Hogs surge on technical buying, cattle mostly higher
Reading Time: 2 minutes 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
Bovine TB case probed in southeastern Alberta
Reading Time: 3 minutes About 30 farms in southeastern Alberta are under federal quarantine as federal and provincial officials try to track down cattle exposed to bovine tuberculosis (TB). The investigation follows a notice in late September from the U.S. Department of Agriculture that a cow from Alberta had tested positive for bovine TB at a U.S. slaughter plant. […] Read more
Klassen: Feeder market bounces off the lows
Reading Time: 2 minutes Western Canadian feeder cattle markets experienced a week-over-week gain of $5 to $8. Strength in live cattle futures, along with the weaker Canadian dollar, rejuvenated buying interest amongst feedlot operators across the Prairies. Alberta packers were buying fed cattle in the range of $222 to $227 on a dressed basis, which was also up $2 […] Read more
Klassen: Feeder market lacks buying interest
Reading Time: 2 minutes In a market profile, trader Peter Steidlmayer clarified that markets go up because there is no selling and markets go down because there is no buying. Western Canadian feeder markets were a perfect example of this market theory, as prices experienced a week-over-week decline of $10-$15. Feedlot operators once again sat on their hands with […] Read more
Slowing sales at Burger King push parent’s shares down
Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the U.S. and Canada. The company’s U.S.-listed shares, which had risen about 26 per cent this year up to Friday’s close, fell as much as three per cent despite […] Read more
A message from April Stewart, Country Guide's Associate Editor
