Western Canadian feeder cattle prices were relatively unchanged this past week after a surge in buying interest earlier in February. Certain auction markets reported values $2 to $5 higher in Alberta, but other reports from Saskatchewan and Manitoba were actually a bit softer. A smaller group of exotic steers weighing just under 500 pounds sold […] Read more
Klassen: Feeder cattle market stabilizes
U.S. livestock: More CME live cattle selling as cash prices plunge
Chicago | Reuters –– Chicago Mercantile Exchange live cattle ended lower in volatile trade on Thursday, pressured by residual fund liquidation and the steep drop in cash prices, traders said. CME live cattle’s selloff extended losses to eight straight days. The February contract’s limit-down move on Tuesday delayed the “roll” by funds out of that […] Read more
Record cattle prices subside across Western Canada
CNS Canada — This year’s bull run for the cattle market in Western Canada appears to have come to an end. While bids across the Prairies are still high, they are a cut below the record highs seen earlier in the fall. “In less than two weeks the futures market for March, on the feeder […] Read more
Weather, supplies drive cash U.S. cattle to new high
Chicago | Reuters — Prices for slaughter-ready or cash cattle in the U.S. Plains hit an all-time high Friday, fueled by an early winter storm at a time of the smallest herd since the early 1950s. Some beef packers paid record cattle prices of $171 to $172 per hundredweight (cwt) in parts of Kansas and […] Read more
Cyber-Savvy Farmer
