(Canada Beef Inc. photo)

U.S. livestock: Economic fears slam CME live cattle, hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Friday as global economic turmoil sparked fears of a U.S. meat export slowdown, traders and analysts said. Spot-August futures closed 1.05 cents/lb. lower at 145.425 cents, and October 2.475 cents lower at 143.85 cents (all figures US$). “The elephant in the […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rise with cash bids

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Thursday, supported by short-covering after packers hiked bids for unsold market-ready (cash) cattle, traders said. Spot-August futures closed 1.225 cents/lb. higher at 146.475 cents, and October 1.175 cents higher at 146.325 cents (all figures US$). Processors in Kansas and Texas on Thursday […] Read more


Ryan and Carolyn Copithorne of Jumping Pound, Alta.

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A typical marketing plan for many cow-calf producers revolves around hoping to hit a run of good prices when they sell calves, yearlings and cull cows after preg-checking. If the stars don’t align to bring all of the variables together in their favour on sale day — weather conditions for roundup, trucking arrangements, market forces […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Fallen cash prices rattle CME live cattle

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures suffered their fourth straight day of losses on Wednesday after digesting sharply lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 1.95 cents/lb. to 145.25 cents, and October 2.25 cents lower at 145.15 cents (all figures US$). Earlier on Wednesday, a […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cash price caution weakens CME live cattle, hogs

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures lost modest ground on Tuesday, weakened by profit-taking while investors awaited direction from the afternoon’s cash prices, traders said. The spot-October contract closed 0.15 cent/lb. lower at 66.125 cents, and December down 0.05 cent at 62.25 (all figures US$). Prices for market-ready (cash) hogs in […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market tenacious

Western Canadian feeder cattle prices appeared to shrug off all negative economic news and divorce from the fed cattle complex this past week. Volumes were once again quite thin, characterized by varying quality. Feedlot operators were active on all fronts, especially in southern Alberta where the barley harvest is in full swing. Heavier yearlings on […] Read more


(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: Firm cash, pork prices lift CME hogs

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Monday, supported by the morning’s cash and wholesale pork price gains, traders said. The spot-October contract closed 0.95 cent/lb. higher at 66.275, and December up 0.35 cent at 62.3 cents (all figures US$). Monday morning’s average cash hog price in the western […] Read more




(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle sag with initial cash prices

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures finished lower on Friday after traders pocketed profits following lower preliminary prices for market-ready (cash) cattle, traders said. Spot-August futures closed down 0.4 cent/lb. at 148.45 cents, and October one cent lower at 146.85 cents (all figures US$). Cash cattle traded lightly in Texas at […] Read more