(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle futures rise again on cash hopes

Chicago | Reuters — U.S. live cattle futures bounded to life-of-contract highs for the third straight session on Wednesday, rising on expectations that beef packers will continue paying higher prices in Plains cash markets, traders said. About 1,500 cattle sold at the weekly Fed Cattle Exchange online auction at $120/cwt, which was up from feedlot […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: Live cattle, hogs hit contract highs on fund buying

Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures rose to life-of-contract highs on Tuesday, lifted by investment fund buying linked to optimism that meat prices will continue to rise, traders said. Speculative investors who already were holding massive net long positions in cattle and hog futures added to those bets, […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle mostly weaker on consolidation

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle contracts landed in modestly bearish territory on Friday amid pre-weekend consolidation after investors digested this week’s cash prices, said traders. “The market is priced right with this week’s cash. We’ll wait until next week to see if packers are short on supplies or need cattle,” […] Read more









History: The Packers’ dollar

Reprinted from the December 1949 issue of Canadian Cattlemen

The Packers’ dollar By R.J. Deachman The packer took less than a cent — who got the other 99? In the fiscal year ending March 30, 1949, total sales of Canada Packers Limited amounted to $314,918,000. Ten years ago, in 1939, the total was $77,000,000. This is an agricultural industry. It deals with the processing […] Read more