(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.



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle, hogs continue gains for second day

Chicago | Reuters — Livestock futures traders continued to hunt for cover on their short positions Thursday, resulting in Chicago Mercantile Exchange cattle futures climbing a second day after prices slid to contract lows earlier this week. The Chicago Mercantile Exchange saw live cattle and feeder cattle futures on Wednesday bounce back strongly from contract

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME cattle, hogs surge on bargain-buying after selloff

Chicago | Reuters — The Chicago Mercantile Exchange saw live cattle and feeder cattle futures bounce back strongly from contract lows on Wednesday, with prices hitting their daily limits as traders snapped up bargains and investors covering their short positions. Meanwhile, CME lean hog futures also saw a turnaround as traders bet that contract lows,


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle, feeders fall to contract lows on fund selling

Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged to contract lows on Tuesday while lean hogs also extended recent losses, pulled down by ample supplies of animals for slaughter, and meat in storage. Expectations for lower cattle prices in cash markets also weighed. Live cattle and feeder cattle had declined by

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Technical trading, holiday fears sour hog, cattle futures

Chicago | Reuters –– The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, dropping



(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Lower cash prices again send CME hogs to six-year low

Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts drifted to a six-year low for a second straight day on Friday as plentiful seasonal supplies pulled prices for market-ready (cash) hogs lower, traders said. Spot December finished 0.4 cent/lb. lower at 55 cents, and February ended down 0.3 cent at 58.3 cents. Cash hog


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME cattle futures fall third straight session

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.4 cents/lb., down 2.825 cents, and February 2.75 cents lower at 136.9 (all figures US$). On Thursday, packers in

U.S. livestock: CME live cattle futures slump by 3-cents price limit

Chicago/Reuters – Chicago Mercantile Exchange live cattle futures settled down by their 3-cents per lb daily price limit on Wednesday, in anticipation of weaker prices for market-ready, or cash cattle, traders said. Spot December and February finished at 137.225 and 139.650 cents per lb, respectively. Live cattle’s trading limit will be expanded to 4.5 cents on