Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed sharply lower on Monday, with nearby contracts down by their three-cent-pr-pound daily price limit, shaken by sell stops and fund liquidation, traders said. April and June live cattle ended down by the three-cent limit at 128.475 and 119.175 cents/lb., respectively (all figures US$). Live […] Read more
Tag Archives beef prices — page 11
U.S. livestock: Fund selling drops CME live cattle limit down
Klassen: Feeder cattle market garners support
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
U.S. livestock: Cattle tumble on technical selloff, beef woes
Chicago | Reuters –– U.S. live cattle futures fell to 1-1/2-month lows and feeder cattle declined by nearly three per cent on Tuesday in a technical selloff triggered by ample supplies and lower beef prices, traders and analysts said. Live cattle eased their third straight session, briefly falling by the daily limit of three cents/lb. […] Read more
Klassen: Feedlot operators throw in towel on feeder market
Weaker wholesale beef values, along with softer fed cattle prices, set a negative tone for the feeder cattle market this past week. Western Canadian feeder markets were trading $4-$8 below week-ago levels, with calves trading as much as $10 lower in some cases. Producers can become nauseous watching these live cattle futures, but this is […] Read more
U.S. livestock: Live cattle, feeders mixed on beef declines
Chicago | Reuters — U.S. live cattle and feeder cattle futures were flat to narrowly mixed on Monday as lower wholesale beef prices suggested demand for the meat was slowing, traders said. Lean hogs were slightly lower in light trading at the Chicago Mercantile Exchange. Losses in outside markets kept a lid on gains in […] Read more
Klassen: Feeder cattle trade lower
The “one-week wonder” from seven to 10 days ago appears to have evaporated; a softer sentiment blanketed Western Canada this week, with feeder markets dropping $4 to $6 on average. A significant slide in live cattle futures, along with softer cash prices, caused feedlots to move into a risk-averse mentality. Heavier replacements took the brunt […] Read more
Klassen: Feeder cattle mixed across the Prairies
Market sentiment can be extremely variable and this week, we saw a large divergence in the price structure across the Prairies. Alberta feeder cattle prices were generally $3 to $6 higher and in some cases as much as $10 above week-ago levels. Buying interest appeared to fade moving east, with Manitoba markets dropping $4-$8 from […] Read more
Klassen: Buyers risk-averse on feeder cattle
Western Canadian feeder cattle markets were trading $5-$10 below values seven days earlier. Sharper declines were noted on heavier replacements over 800 lbs., which at times sold for $15 below week-ago levels; quality mid-weight feeders in the range of 600 to 800 lbs. were down $8 on average. Eastern Prairie markets held value on feeders […] Read more
Klassen: Lower fed cattle market pressures feeders
Western Canadian feeder cattle prices were trading $5-$10 below week-ago levels on average last week. Fully weaned vaccinated calves were trading down $5-$8 while semi-weaned bawlers were down a solid $10. Shorter-keep replacements over 850 lbs. were down $8-$12 depending on flesh levels but harder-looking cattle were down sharply, as much as $15. Extremely cold […] Read more
Klassen: Feeder market experiences defensive tone
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
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