(Photo courtesy Canada Beef Inc.)

U.S. livestock: Early-week cash prices buoy CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, lifted by initial prices for market-ready, or cash, cattle and short-covering after recent market losses, traders said. Thinly traded June futures, which will expire on Friday, led advances. Some investors bought that contract and simultaneously sold deferred months in a trading strategy




(Photo courtesy Canada Beef Inc.)

U.S. livestock: Short-covering boosts CME live cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday after short-covering and fund buying reversed the previous session’s losses, said traders. In a trading strategy known as bull spreads, traders bought June and simultaneously sold deferred months, stirred by firmer wholesale beef values and future’s discount to expected cash prices





(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle prices gaining momentum

Compared to last week, western Canadian yearling prices were steady to $4 higher while calves and grass cattle markets were relatively unchanged. Once again, there was a wide range of prices across the Prairies as feedlots adjust to higher feed grain prices. Secondly, buyers were quick to discount fleshier cattle; backgrounded calves fed too much

(Canada Beef Inc. photo)

Klassen: Feeder markets experience lacklustre trade

Western Canadian feeder cattle prices were relatively unchanged from week-ago levels as extremely cold temperatures hinder market activity. Most auction barns reported small groups of various quality cattle on offer, which made the market hard to define. In the major markets of Alberta such as Lethbridge, there were very few yearlings available. This forced major