Photo: File

U.S. livestock: CME cattle, lean hog futures turn higher as wholesale prices firm

Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures turned higher on Tuesday, as wholesale prices firmed and the slaughter pace temporarily shrank as some plants shuttered over the holiday weekend, analysts said. Strong boxed beef prices continued to underpin cattle markets, traders said. Select boxed beef prices rose on Tuesday morning, with prices


Photo: Canada Beef Inc.

Klassen: Feeder cattle market stabilizes

For the week ending August 31, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Finishing feedlots are exuding a cautious sentiment. While order buyers had a full deck, there were upside limits. Pen-sized strings of quality yearlings traded at a premium to average values. Alberta packers were buying fed cattle