(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market eyes feed grain rally

Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Limited cattle were on offer with the shortened holiday week, but quality groups were well bid. Feedlot operators have been aggressively selling fed cattle, freeing up pen space. Although feedlot inventories decline in the summer, many operations want to carry sufficient numbers into the




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle slump to two-month low

Chicago | Reuters — U.S. live cattle futures extended losses to a more than two-month low on Wednesday as investors liquidated long positions amid declining wholesale beef prices and expectations for weaker cash cattle markets, traders and analysts said. Higher corn futures also boosted feed costs for fattening cattle, weighing on feeder cattle futures, while



(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: Hogs rise on pork gains

Chicago | Reuters — U.S. lean hog futures climbed to fresh life-of-contract highs on Monday, gaining on bear-spreading as wholesale pork prices reached the highest levels in more than two years. Dealers continued to buy back Chicago Mercantile Exchange July hog contracts and roll positions into deferred months such as most-active August hog futures, traders





(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle up on bargain buying after selloff

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled higher on Wednesday after bargain buying and short-covering offset early-session selling following Tuesday’s heavy losses, said traders. They said discounts in deferred months to this week’s expected cash prices contributed to market advances. June, which will expire on Friday, closed 0.65 cent/lb. higher at