(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle upward trend stalls

Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Noticeable slippage was noted in shorter-keep cattle while lighter weight categories experienced spurts of $2-$3 above last week’s prices. Alberta packers were buying fed cattle at $292 on a dressed basis, up about $4-$6 from week-ago levels. However, auction rings experienced a subdued tone


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash discounts lift live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firmer on Wednesday, with support from short-covering tied to futures’ discounts to preliminary cash prices, said traders. April live cattle closed 0.575 cent/lb. higher at 121.35 cents, and June up 0.25 cent to 111.85 cents (all figures US$). Market-ready, or cash, cattle at Wednesday







(Gloria Solano-Aguilar photo courtesy ARS/USDA)

U.S. livestock: CME lean hogs snap back from session lows

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Thursday, after short-covering and bargain buying brought contracts from morning lows, traders said. “Hogs (futures) were simply too cheap. The price had gotten to the point where (investors) had wrung out any sort of spring seasonal rally,” said independent CME livestock futures