By Commodity News Service Canada
Winnipeg, January 23 (CNS Canada) – Chicago Mercantile Exchange live cattle futures declined on Monday, in positioning ahead of the United States Department of Agriculture Cold Storage report, which is due out on Tuesday. The report gives indications about the stocks of meat and poultry, alongside other commodities.
Corn futures at the Chicago Board of Trade closed mixed, but mostly unchanged, on Monday. Weakness in the US dollar balanced strength in the crude oil market. Analysts say the market has a stronger trend, which could underpin values in coming sessions.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$180 to C$185 per tonne range as of January 20, which were relatively steady compared to the previous week, according to the latest pricing information from the provincial government.
