Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday tumbled to the lowest level for the life of the contract, hit by slumping prices for market-ready (cash) cattle, traders said. Spot December closed 2.4 cents/lb. lower at 119.85 cents, after marking a fresh contract low of 119.25 cents (all figures US$). February […] Read more
U.S. livestock: CME live, feeder cattle stampede to new lows
U.S. livestock: CME live cattle end mostly lower after rocky session
Reading Time: 2 minutes Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in negative territory on Tuesday after an up-and-down day of trading stirred by short-covering and uncertainty about near-term cash prices, traders said. Spot December closed up 0.625 cent, to 122.25 cents/lb., February ended down 0.075 cent, to 127.075, and April 0.4 cent lower, […] Read more
Klassen: Feeder cattle remain vulnerable
Reading Time: 2 minutes Western Canadian feeder cattle prices were once again quite volatile this past week as market continues to digest overwhelming fed cattle supplies and lacklustre beef demand. In Alberta, calves under 700 lbs. were steady to $5 lower on average while heavier calves and yearlings were $3 to as much as $10 lower. In the eastern […] Read more
U.S. livestock: COOL news weighs on CME live cattle, hogs
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the U.S. in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared to retaliate […] Read more
WTO dials back Canada’s COOL retaliation
Reading Time: 4 minutes Canada will be able to take only about a third of the revenge it asked the World Trade Organization to authorize over the United States’ country-of-origin labelling (COOL) law. An arbitration panel of the WTO’s Dispute Settlement Body (DSB) ruled Monday that Canada and Mexico may now ask the DSB to authorize annual retaliatory tariffs, […] Read more
U.S. livestock: Beef price retreat pares CME live cattle gains
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Friday finished in negative territory for a third day in a row after weak wholesale beef values erased initial short-covering gains, traders said. Spot December closed 1.425 cents lower at 124.275 cents/lb., and marked a new contract low of 123.875 cents (all figures US$). […] Read more
U.S. livestock: CME live cattle fall again with cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures posted significant losses on Thursday for a second straight session, with nearby contracts posting new lows, in response to weaker cash prices, traders said. Spot December closed 3.4 cents lower, at 125.7 cents/lb., and made a new low of 124.6 cents. February closed 2.175 cents […] Read more
Feed was ‘most plausible’ source of BSE in Case 19
Reading Time: 4 minutes Canada’s food safety agency is still tracking down the last herdmates of the country’s 19th domestic case of BSE, but will otherwise assume the Alberta cow most likely caught the disease from traces of proteins in its early feed. The Canadian Food Inspection Agency on Nov. 30 submitted its final report on Case 19 — […] Read more
Klassen: Feeder cattle stabilize near annual lows
Reading Time: 2 minutes Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this […] Read more
U.S. livestock: Cattle fall most in two weeks on dry Plains forecast
Reading Time: 2 minutes Chicago | Reuters –– U.S. cattle futures fell as much as 2.5 per cent on Monday, with both live and feeder cattle contracts posting their largest daily declines in two weeks on ample supplies and expectations for improved weather in the southern Plains. Snow, ice and rains slowed movement of cattle to market last week […] Read more
A message from April Stewart, Country Guide's Associate Editor
