(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle finish mostly higher

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in positive territory on Monday, after investors bought deferred months and simultaneously sold June futures in a trading strategy known as bear spreading, traders said. June live cattle closed down 0.4 cent/lb. at 123.025 cents (all figures US$). August ended up 0.75 cent, […] Read more




(Photo courtesy Canada Beef Inc.)

Klassen: Drop in fed cattle prices weighs on feeder complex

Alberta fed cattle prices dropped sharply last week, with dressed sales falling $10 to $20 from seven days earlier. Despite the weakening Canadian dollar, wholesale beef prices also fell US$10/cwt which offset any currency benefit. Feedlot operators froze with disbelief as the market suffered one of the sharpest week-over-week declines in recent memory. The hot […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle climb for sixth straight session

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday stretched their consecutive win streak to six sessions, helped by optimism for cash prices by late afternoon that offset stagnant wholesale beef demand, traders said. June live cattle closed 1.1 cents/lb. higher at 120.725 cents, and August ended up 0.475 cent at 117.9 […] Read more