For the week ending June 13, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. Steady demand underpinned a week of lower auction market volumes.
For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
Live and feeder cattle futures, as well as those for lean hogs, reached contract highs on the Chicago Mercantile Exchange on Friday. A new round of trade talks between the United States and China in London next week, as well as a solid jobs report from the Labor Department helped strengthen the markets, as well
Strength in cash markets caused live and cattle futures on the Chicago Mercantile Exchange to rise on Thursday, despite low export numbers reported by the United States Department of Agriculture.