CME October 2018 live cattle, with 20-day moving average in blue. (Barchart.com)

U.S. livestock: Live cattle end mixed

Chicago | Reuters — U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn




(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market waiting for direction

Average western Canadian feeder prices were relatively unchanged from week-ago levels; however, the yearling market in southern Alberta traded $3-$5 higher as feedlot operators focused on sourcing local cattle. High-quality yearlings are coming on the market and steady demand was evident across the Prairies. Strength in the deferred live cattle futures along with the deterioration






(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market reflects vulnerability

Compared to last week, western Canadian yearling markets traded within $5 on either side of unchanged. Strength was noted in the major feeding regions of Alberta while subdued buying interest was noted in other regions of the Prairies. Major operations focused on local cattle, especially in southern Alberta. Feature sales attracted larger crowds which enhanced