CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle down as USDA launches beef market probe

Reading Time: 2 minutes Chicago | Reuters — U.S live cattle futures fell on Wednesday on large domestic supplies, analysts said, as the U.S. Department of Agriculture launched an investigation into the wide gap with beef prices. Cattle prices have weakened recently after a fire at a Tyson Foods slaughterhouse in Kansas temporarily eliminated a key buyer of livestock. […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market recovers

Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $4-$6 higher on average; some packages in Alberta sold $8 to as much as $10 above week-ago levels. Larger feedlot operations were very aggressive on 750- to 900-pounders. The quality of yearlings is excellent at this time of year. Comments from the front row suggest most […] Read more



U.S. livestock: Cattle extend climb on robust packer margins

U.S. livestock: Cattle extend climb on robust packer margins

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. “Packers are just raking it in, so the incentive is there to ramp up […] Read more