(Photo courtesy Canada Beef Inc.)

U.S. livestock: Bargain hunters send CME live cattle, feeders limit up

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday closed up their three-cents-per-pound daily price limit, ignited by active short-covering and bargain hunting after contracts recently tumbled to two-year lows, traders said. Spot-October and December finished at 133.7 and 137 cents/lb., respectively (all figures US$). Live cattle’s trading limit will be expanded



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live, feeder cattle sink to new contract lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures slumped to fresh contract lows on Wednesday, and October dropped by the three-cent-per-pound daily price limit, on liquidation ahead of possibly lower cash prices later this week, traders said. Spot-October closed at 137.6 cents, its new contract low (all figures US$). December ended at 139.475










Klassen: Feeder cattle prices stabilize

Klassen: Feeder cattle prices stabilize

Western Canadian feeder cattle prices found some footing this past week trading at similar levels to seven days earlier.  Auction market volumes consisted of stragglers and late bloomers with minimal numbers on offer; buyers on hand continue to promote the scarcity principle which caused the market to stabilize. Feedlots operators were quite aggressive on 800