(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle plunge limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday slumped, with nearby contracts down the three cents/lb. daily price limit, rattled by fund selling and uneasiness before cash prices by Friday, said traders. October and December settled down by the three-cent limit to 103.825 and 103.125 cents, respectively (all figures US$). Live

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market experiences mixed tone

Western Canadian feeder cattle markets experienced a diverse tone across the Prairies, with notable buying interest surfacing on yearlings. Compared to seven days earlier, prices for yearlings in southern Alberta were $5-$7 higher on average, as feedlots focused on purchasing local cattle. In southern Alberta, larger-frame lower-flesh black steers weighing 900 lbs. were quoted at





(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle decline on profit-taking

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell one per cent on Thursday, pressured by technical selling and as investors took profits following Wednesday’s nearly four-week high, traders and analysts said. Feeder cattle futures also were mostly lower while lean hog futures were mixed, with the front-month contract hitting the lowest levels

(Photo courtesy Canada Beef Inc.)

Major Alberta cattle feeder set to shut feedlots

Reuters — One of Canada’s biggest cattle feeding operations, Western Feedlots, said Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult for ranchers to find markets