Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed moderately lower Friday on profit-taking and in response to the U.S. Department of Agriculture’s monthly Cattle on Feed report earlier in the day, traders said. The number of cattle put into U.S. feedlots in April unexpectedly slowed compared with the same month last year. “It’s […] Read more
U.S. livestock: CME live cattle, hogs close weak before Memorial Day
Prairie feed wheat relatively strong against milling wheat
Reading Time: 2 minutes CNS Canada –– Relative strength in the feed wheat market in Western Canada compared to milling wheat is making feed channels a more attractive option for some growers with lower-end milling wheat left to sell. “Right now, feed is pretty well on par with a lot of the base milling-grade wheats,” said Jared Seitz, trade […] Read more
More cattle placed in U.S. feedlots in March than expected
Reading Time: 2 minutes Chicago | Reuters — The number of cattle placed in U.S. feedlots last month was higher than expected due to an increase in the number of cattle that had grazed on pastures over the past few months, a government report showed on Friday. Cattle that had been fattened outside of feedlots for five consecutive months […] Read more
December U.S. cattle placements slowed more than anticipated
Reading Time: < 1 minute Chicago | Reuters — The number of cattle placed in U.S. feedlots in December 2014 fell versus last year, a government report showed on Friday, but more than was expected, said analysts. They said feedyards bought fewer calves for fattening, noting that expensive feed and pricey calves wore down margins. Ranchers held back heifers to […] Read more
October U.S. cattle placements not as slow as expected
Reading Time: 2 minutes Chicago | Reuters –– The number of cattle placed in U.S. feedlots in October declined versus last year, a government report showed on Friday, but not by as much as expected, said analysts. While pricey calves discouraged feedlots from buying them, high-priced slaughter cattle and deteriorating summer pastures drew more livestock into feeding pens, they […] Read more
Profitable U.S. feedlots buy more cattle in September
Reading Time: < 1 minute Chicago | Reuters — The number of cattle placed in U.S. feedlots in September increased one per cent from a year ago, a government report showed on Friday. Analysts attributed the gain in part to continued profits by feedlots that allowed them to purchase more young calves, or feeder cattle, to fatten. The U.S. Department […] Read more
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