Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of […] Read more
U.S. livestock: Short-covering drives CME live cattle higher
Klassen: Feeder cattle prices collapse
Reading Time: 2 minutes Western Canadian feeder cattle prices were traded $15 to $25 below week-ago levels, suffering one of the largest declines in history. Heavier replacement cattle led the market lower, trading down $20 from week-ago levels, while feeders under 600 pounds dropped $10 to $12 on average. Feedlot operators pulled in the reins, as fed cattle dropped […] Read more
U.S. livestock: CME live cattle grind to 16-month low
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders said. Global economic worries that sent U.S. stocks tumbling, which triggered selling across various commodities. Monday’s CME live cattle rally was overdone and were “tethered […] Read more
Klassen: Rejuvenated interest stabilizes feeder market
Reading Time: 2 minutes After a softer tone during the third week of April, western Canadian feeder cattle values stabilized trading steady to $5 higher on average this past week. Notable gains were noted on cattle under 700 pounds in Manitoba and Saskatchewan, where prices were $3 to as much as $8 higher. Available feeder cattle supplies are starting […] Read more
Cattle prices seen as strong for year to come
Reading Time: 2 minutes CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said Brian Perillat, a manager and […] Read more
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