(Photo courtesy Canada Beef Inc.)

Klassen: Uncertainty causes feeder market volatility

Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances were down $6 to $12 in non-major feeding regions. Feeder markets were slightly softer Monday through Wednesday; however, feedlot operators were quick to back away

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Equities rout plunges CME live cattle limit down

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled down by their three-cent/lb. daily price limit on Friday after U.S. stock futures plummeted amid global economic jitters, traders said. February live cattle and April closed at 127.55 cents and 128.5 cents, respectively (all figures US$). Live cattle’s trading limit will be expanded to


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag despite supportive fundamentals

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, dragged down by technical selling that offset higher cash and wholesale beef prices, traders said. February live cattle closed 1.55 cents/lb. lower at 130.55 cents, and April had fallen 1.525 cents, to 131.5 cents (all figures US$). “People were disappointed that

(Canada Beef Inc. photo)

U.S. livestock: Beef price rebound pulls CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price,


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Speculative buying rallies CME lean hogs

Chicago | Reuters –– Chicago Mercantile Exchange lean hog contracts closed higher on Tuesday, strengthened by short-covering and speculative buying in anticipation of tighter seasonal supplies, traders said. Spot February finished 2.2 cents/lb. higher at 61.9 cents, and April ended 1.825 cents higher at 67.3 cents (all figures US$). “Packer margins are strong and I




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end lower after choppy session

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts settled lower following Friday’s volatile session, stirred by funds that sold February and bought deferred contracts in accordance with the Standard + Poor’s Goldman Sachs Commodity Index (S+PGSCI), said traders. Friday was the first of five days of the S+PGSCI “roll” process. Simultaneously, some index