(Canada Beef Inc. photo)

U.S. livestock: Beef price rebound pulls CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price,






(Canada Beef Inc. photo)

Wintry blast cuts both ways in U.S. cattle country

Chicago | Reuters — A major winter storm rolling across the U.S. Plains on Monday disrupted transportation of cattle to beef packing plants in sections of the region, said experts. However, they said, the rough weather supported cattle and wholesale beef prices struggling against abundant overall meat supplies and heavyweight animals. The storm, dubbed Goliath,



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market falls sharply

Western Canadian feeder cattle prices experienced a week-over-week decline of $12-$15 on average, with fleshier unweaned calves trading down $20-$25. Major feedlot operators reined in buying interest across the Prairies as fed cattle and wholesale beef prices remain under pressure. Feeding margins continue to deteriorate beyond pain thresholds and the backlog of market-ready feedlot supplies



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle stabilize near annual lows

Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this