Live and fed cattle futures on the Chicago Mercantile Exchange were higher on Wednesday
U.S. livestock: Cattle, hogs rise on strong exports
Hog exports have second best December
U.S. livestock: Cattle futures boosted by strong beef prices
Live and feeder cattle futures on the Chicago Mercantile Exchange were stronger Wednesday, as rising beef prices underpinned the markets.
Klassen: Feeder market lacks buying interest
Market gives in to pressure from Chicago futures
Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more
Klassen: Beef demand drives feeder market higher
Compared to last week, Western Canadian yearling prices were $5 higher on average; calves traded $3 to as much as $6 above week ago levels. Strength in fed cattle prices quickly spilled over into the feeder complex, especially on shorter keep replacements. On Friday, Alberta packers were buying fed cattle from $247 to $250 on […] Read more
Klassen: Feeder cattle market remains firm
Western Canadian yearling markets were trading $3 to as much as $6 above week-ago levels while calf prices were relatively unchanged. The Canadian dollar was under pressure all week, closing Friday at US77.85 cents, the lowest levels since mid-July. At the same time, April live cattle futures made fresh contract highs, reflecting a week-over-week gain […] Read more
Klassen: Feeder cattle market looks for direction
Western Canadian feeder cattle prices were once again unchanged from week-ago levels. After the major rally in late April and May, the market has basically traded in a sideways range and is looking for direction. Feedlot operators have experienced healthy margins during the first half of 2017 and this will likely continue until September. They […] Read more
New further-month live cattle futures, options to resume
Chicago | Reuters — CME Group plans to resume its listing schedule for live cattle futures and options contracts, effective Feb. 18, the exchange said in a statement Wednesday. CME said it will post the June 2017 live cattle futures and options contract that was originally scheduled to be listed on Jan. 4. The exchange […] Read more
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