(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle ease on cash weakness, lean hogs gain

Chicago | Reuters –– Chicago Mercantile Exchange live and feeder cattle futures were mostly lower on Thursday as investors continued to liquidate their holdings amid expectations for more lower prices in cash cattle markets, traders and analysts said. All feeder cattle contracts fell to lifetime lows, knocking out what had been their previous life-of-contract lows

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market holds value

Western Canadian feeder cattle prices were steady to $5 higher over the past week on limited volumes. Stragglers from backgrounding operations and late-blooming calves set a reserved tone amongst buyers with large price variations at different regions of the Prairies. Feedlot margins are hovering around breakeven and there appears to be solid demand underneath the