(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures limit up on better cash sales

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the higher prices in the more





(Lisa Guenther photo)

U.S. livestock: CME live cattle, hogs end mostly firmer

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts closed firmer on Wednesday as investors digested initial prices for slaughter-ready, or cash, cattle while bracing for hefty supplies ahead, said traders. Market participants are also monitoring forecasts for a weekend snowstorm in the northern U.S. Plains that could disrupt livestock production in the


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Trade war jitters drag on CME hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Wednesday hit a three-month low, partly rattled by talk of a potential trade war if the U.S. tacks higher tariffs on imported steel and aluminum, traders said. Wednesday’s U.S. stock market slumped as U.S. President Donald Trump appears poised to impose steep tariffs this

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market grinds lower

Compared to last week, western Canadian feeder cattle prices traded $4-$6 lower; however, yearlings and heavier calves experienced a week-over-week decline of $4 to as much as $8 with significant weakness noted in the eastern Prairie regions. Finishing feedlots continue to sit on their hands. Order buyers were active on a scale-down basis and surprised