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Tag Archives beef demand — page 4

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market stable but demand remains soft

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Comments from the country this week suggested the market was slightly firmer than week-ago levels. However, market reports stated prices were relatively unchanged and actually softened late in the week. The old saying that even a priest lies about his car’s gas mileage applies to overly optimistic cattlemen trying to bolster market enthusiasm. Feedlot margins […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market well supported

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Western Canadian feeder cattle prices were generally steady with week-ago levels as volumes continue to decline into the summer months. The quality of cattle coming on the market this time of year is quite variable. Background operations are liquidating their final volumes and feeders over 800 lbs. set the market structure. Larger-frame mixed steers averaging […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market bounces off previous lows

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Western Canadian feeder cattle prices traded $5-$8 above week-ago levels with quality groups of steers selling for as much as $10 higher. Renewed optimism surfaced amongst feedlot operators as feeding margins appear to be moving above break-even pen closeout values. Auction markets that only had two or three major buyers at previous sales in spring […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market garners support

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Western Canadian feeder cattle markets were relatively stable over the past week while prices in the major feeding regions were $2 to $5 higher. Alberta fed cattle prices were $2 higher, trading in the range of $170 to $172, which bolstered buying enthusiasm in the heavier weight categories. Feedlot operators in the Lethbridge area were […] Read more
(Canada Beef Inc. photo)
Livestock, Markets

U.S. livestock: Brisk beef demand pushes CME live cattle higher

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Chicago | Reuters –– Most Chicago Mercantile Exchange live cattle contracts rose on Wednesday, driven by upward-trending wholesale beef values that may underpin prices for market-ready, or cash, cattle by Friday, traders said. Thinly-traded spot February, which will expire on Feb. 29, closed down 0.025 cent/lb. to 136.975 cents (all figures US$). April ended 0.65 […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market experiences defensive tone

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Feedlot operators continue to pull in the reins on replacement cattle purchases because another month-end budget for the bank does not look healthy. Alberta sales barns experienced a soft tone, with sales $4 to $6 below week-ago while eastern Prairie regions received spillover support from U.S. markets. Manitoba markets were notably $3 to $8 higher […] Read more
Cattle drink from the Yamuna River near Agra in northern India. (CIA.gov)
Livestock

Villagers in India kill Muslim accused of smuggling cows

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Dharamsala, India | Reuters –– Villagers in northern India have killed a Muslim man for allegedly smuggling cattle, police said Saturday, in violence critics say is fuelled by the Hindu nationalist government seeking a nationwide ban of cow slaughter and beef trade. India is the world’s largest exporter of beef and its fifth biggest consumer, […] Read more

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