Cattle futures on the Chicago Mercantile Exchange were stronger on Friday, hitting fresh highs to end the week.
U.S. livestock: Cattle strength continues
U.S. livestock: Cattle mixed despite fresh supply threats
Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, with fresh contract highs in the feeder cattle market while live cattle ran into resistance at their own highs to settle with small losses.
U.S. livestock: Record highs in cattle futures
Cattle futures on the Chicago Mercantile Exchange continued to set new records on Tuesday, as improving packer margins, strong demand and chart-based buying provided support. August feeder cattle futures were up by 5.400 cents per pound at 319.125 cents per pound. The August live cattle contract gained 4.075 cents per pound at 219.975 cents at […] Read more
U.S. livestock: Cattle climb higher out of long weekend
Cattle futures on the Chicago Mercantile Exchange were stronger on Monday, hitting fresh highs in the feeder market after the Independence Day weekend while live cattle lagged to the upside. August feeder cattle futures were up by 4.225 cents per pound at 313.725 cents per pound. The August live cattle contract gained 1.850 cents per […] Read more
USDA announces phased reopening of Mexican cattle imports after screwworm closure
The U.S. Department of Agriculture announced on Monday a phased reopening of cattle, bison and equine imports from Mexico following a prolonged closure over the damaging pest New World screwworm.
Klassen: Stronger fed cattle markets lifts feeder complex
For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
Klassen: Feeding margin uncertainty weighs on feeder cattle market
For the week ending May 31, Western Canadian feeder cattle markets traded steady to as much as $10 lower on average. Dryer grass conditions in certain regions of Manitoba and central and northern Saskatchewan may have contributed to the softer tone at certain locations. Many feedlot operators continue to sit on their hands for the […] Read more
Klassen: Buying interest for feeder cattle subsides
For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.
Klassen: Feedlot operators become cautious on purchases
For the week ending May 10, Western Canadian feeder cattle markets traded steady to $5 higher on average. Quality packages of lighter calves were priced $10-$15 above week ago levels. Many auction barns are only holding sales every two or three weeks at this time of year with limited numbers on offer. This made the market hard to define in certain weight categories.
Klassen: Higher packer bids enhance feeder complex
For the week ending April 26, Western Canadian feeder cattle markets traded $3 to $5 higher compared to seven days earlier.
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