(Photo courtesy Canada Beef Inc.)

U.S. livestock: Corn prices drop CME feeder cattle limit down

Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle rebound on short-covering

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday, supported by short-covering before the final trading session of the quarter on Tuesday, analysts said. June, which will also expire on Tuesday, finished 1.275 cents/lb. higher at 149.675 cents, and August up 1.35 cents, to 149.875 cents (all figures US$). “I think […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Lower grain production weighing on feeder market

Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The Prairie region continues to experience above-average temperatures causing significant deterioration to pasture and crops in Alberta and western Saskatchewan. Certain auction markets experienced slightly larger […] Read more

(Regis Lefebure photo courtesy ARS/USDA)

U.S. livestock: CME hogs gain on short covering before USDA report

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Friday, supported by short covering before the U.S. Department of Agriculture’s quarterly hog report expected at 2 p.m. CT, traders said. Analysts expect Friday’s report to show further herd expansion during the March through May quarter compared with a year earlier. “The […] Read more


(CMEGroup.com)

U.S. livestock: CME feeder cattle limit down as corn prices jump

Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest crop belt yield potential. High-priced […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle extend losses, hogs mixed

Chicago | Reuters –– Chicago Mercantile Exchange live cattle losses on Tuesday spilled over into Wednesday, pressured by sell stops and fund liquidation despite sharply higher wholesale beef values, traders said. June closed 1.325 cents per pound lower at 150.675 cents (all figures US$). August finished down 1.5 cents at 150.325 cents after falling below […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market experiences softer tone

Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt malleable with various-quality cattle on […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle futures turn back early selling

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, reversing initial weakness helped by short-covering and the morning’s wholesale beef price bounce, traders said. June closed up 0.55 cents per pound at 152.45 cents, and August 1.225 cents higher at 151.9 cents (all figures US$). Monday morning’s wholesale choice beef […] Read more

(USDA.gov via Flickr)

Fewer cattle placed in U.S. feedlots in May than anticipated

Chicago | Reuters –– The number of cattle placed in U.S. feedlots last month was lower than anticipated, a government report showed on Friday, reflecting healthy pastures that allowed ranchers to grow livestock longer outside of feedyards, said analysts. Producers retained more heifers to help restore the U.S. cattle herd, now at its third lowest […] Read more