(Photo courtesy Canada Beef Inc.)

Klassen: Feedlots curb buying interest

Despair is the price one pays for setting an impossible aim. Given the phone calls over the past week, producers have been expecting something the market cannot offer. Western Canadian feeder cattle prices were under severe pressure, with 700-plus-pound cattle down $8-$12 from seven days earlier; calves under 700 lbs. traded $4-$8 below week-ago levels.



(Canada Beef Inc. photo)

U.S. livestock: Higher cash price outlook lifts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained on Wednesday, supported by rising wholesale beef values that could help strengthen cash prices as early as Thursday, traders said. Spot October closed 1.325 cents/lb. higher at 133.75 cents, and December up 0.225 cent to 137.425 (all figures US$). Wednesday afternoon’s wholesale choice beef

(Canada Beef Inc. photo)

U.S. livestock: Bump in beef price extends CME live cattle gains

Chicago | Reuters –– Chicago Mercantile Exchange live cattle rose for a third straight session Thursday, helped by more short-covering following a morning jump in wholesale beef quotes, traders said. Spot October finished 1.825 cents/lb. higher at 131.175 cents, and December up 1.525 cents at 137.675 (all figures US$). Thursday morning’s wholesale choice beef price,



(Canada Beef Inc. photo)

U.S. livestock: Short-covering drives CME live cattle higher

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. Spot October finished 4.225 cents/lb. higher at 129.35 cents, and December up 2.925 cents at 136.15 (all figures US$). “So many of these holders of


U.S. livestock: CME live cattle limit up on beef bounce

Chicago | Reuters — Chicago Mercantile Exchange live cattle finished up their three-cent-per-pound daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to




knife cutting into a steak

Canadians love meat, but don’t take them for granted

Demand should stay strong despite higher prices, but cases of meat fraud 
could undermine consumer confidence

What do Confucius, Albert Einstein and Leonardo Di Vinci have in common? Well, not much professionally, but they were all vegetarians. Einstein once claimed that, “Nothing will benefit human health and increase chances for survival of life on Earth as much as the evolution to a vegetarian diet.” With recent record meat prices, some might