Expect cattle market volatility to continue

Expect cattle market volatility to continue

Prime Cuts with Steve Kay, from the February 2016 issue of Canadian Cattlemen

The North American meat and livestock industry got a welcome pre-Christmas present when Congress repealed the beef and pork parts of the country-of-origin labelling law. The move brought relief and a certain rejoicing in all three countries. Not only can normal movement of livestock resume without costly segregation, potentially disruptive retaliatory tariffs were avoided. The […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Lower fed cattle market pressures feeders

Western Canadian feeder cattle prices were trading $5-$10 below week-ago levels on average last week. Fully weaned vaccinated calves were trading down $5-$8 while semi-weaned bawlers were down a solid $10. Shorter-keep replacements over 850 lbs. were down $8-$12 depending on flesh levels but harder-looking cattle were down sharply, as much as $15. Extremely cold […] Read more





(Photo courtesy Canada Beef Inc.)

Klassen: Uncertainty causes feeder market volatility

Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances were down $6 to $12 in non-major feeding regions. Feeder markets were slightly softer Monday through Wednesday; however, feedlot operators were quick to back away […] Read more

(Canada Beef Inc. photo)

U.S. livestock: Beef price rebound pulls CME live cattle higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live cattle closed 0.5 cent/lb. higher at 132.1 cents, and April ended up 0.325 cent, to 133.025 cents (all figures US$). Wednesday’s afternoon’s wholesale beef price, […] Read more



(Dave Bedard photo)

Cargill’s Q2 profit drops amid commodities slump

Chicago | Reuters –– Slumping commodities prices and weak demand in some markets took their toll on profits for global commodities trader Cargill in the quarter ending Nov. 30, sending earnings and revenue down 13 per cent and 10 per cent, respectively. Privately held Cargill, celebrating its 150th birthday this year, is in the midst […] Read more