GFM Network News








(Photo courtesy Canada Beef Inc.)

Klassen: Winter weather weighs on feeder complex

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. However, quality features played a larger role in the price structure. Buyers shied away on fleshier yearlings which is often the case when margins move into negative territory. It’s that time of year when thicker coats can be somewhat misleading and buyers pulled […] Read more




(Canada Beef Inc. photo)

U.S. livestock: CME live cattle gain on firmer beef prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled moderately higher on Wednesday, with help from short-covering and improved wholesale beef values, said traders. December received added support from fund buying after the contract topped the 10-day moving average of 109.648 cents (all figures US$). October live cattle finished up 0.275 cent/lb. at […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle end weaker

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts were weakened Friday by profit-taking and investor caution as they await the bulk of this week’s cash cattle sales, said traders. Futures discounts to initial cash prices limited market losses, they said. June closed down 0.125 cent/lb. to 131.25 cents, and August down 0.175 cent […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle climb to one-month top

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts hit a one-month high on Friday, driven by fund buying and short-covering, said traders. Futures’ discounts to this week’s better-than-anticipated cash prices generated more buying. June closed 3.4 cents/lb. higher at 130.825 cents, and August 1.35 cents higher at 126.05 cents (all figures US$). Live […] Read more