Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed higher on Wednesday, fuelled by active short-covering in anticipation of cash and wholesale beef prices bottoming out soon, traders said. […] Read more
Tag Archives beef demand
U.S. livestock: Short-covering drives CME live cattle higher
Klassen: Feeder cattle prices collapse
Western Canadian feeder cattle prices were traded $15 to $25 below week-ago levels, suffering one of the largest declines in history. Heavier replacement cattle led the market lower, trading down […] Read more
U.S. livestock: CME live cattle grind to 16-month low
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures on Tuesday quietly slid to their lowest level since late May 2014, pressured by seasonally sluggish wholesale beef demand, traders […] Read more
Klassen: Rejuvenated interest stabilizes feeder market
After a softer tone during the third week of April, western Canadian feeder cattle values stabilized trading steady to $5 higher on average this past week. Notable gains were noted […] Read more
Cattle prices seen as strong for year to come
CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry […] Read more