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Klassen: Feeder Cattle Market Waits For Direction

For the week ending January 31, Western Canadian feeder markets were relatively unchanged from seven days earlier. Adverse weather in southern Alberta may have tempered buying interest for lighter weight calves.  Alberta packers were buying fed cattle on a dressed basis in the range of $508-$510 per hundredweight delivered, steady to $2/cwt higher than last

Photo: Greg Berg

U.S. livestock: Cattle rally, hogs rise

Chicago cattle rallied on Monday. Lean hogs also rose. Most-active April live cattle futures closed at 239.525 cents a pound, up 2.725 cents. June live cattle gained 2.525 cents to settle at 234.250 cents a pound. Most-traded March feeder cattle contracts closed at 366.350 cents a pound, up 6.075 cents. April feeders gained 5.900 cents