Western Canadian feeder cattle markets were unchanged from week-ago levels despite the strengthening Canadian dollar, stronger feed grain values and weaker fed cattle prices. Feedlot operators are wondering if this […] Read more
Tag Archives feeder cattle
Klassen: Feeder market firm despite outside influences
U.S. livestock: Improved cash prices lift CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished firmer on Friday, led by higher cash prices than earlier this week, traders said. Technical buying and futures’ discounts […] Read more
U.S. livestock: Live cattle slump on profit-taking, cash caution
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Thursday, erasing most of Wednesday’s gains, pressured by profit-taking and caution while awaiting remaining cash prices, traders […] Read more
U.S. livestock: CME live cattle jump
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures gained sharply on Wednesday, fueled by short-covering in response to higher-than-expected preliminary cash prices, said traders. They said fund buying […] Read more
U.S. livestock: CME live cattle buckle under technical pressure
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, hit by profit-taking and technical selling, said traders and analysts. They said some funds sold August […] Read more
Klassen: Renewed optimism supports feeder market
Compared to last week, western Canadian feeder cattle markets were trading $3 lower to as much as $5 higher. Once again, most auction barns were either closed or had limited […] Read more
U.S. livestock: Lean hogs draw support from cash price discounts
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures finished higher on Monday, helped by their discounts to cash prices and technical buying, traders said. Thinly-traded July, which expired […] Read more
U.S. livestock: Short covering lifts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts closed higher on Friday, aided by short covering and futures’ discounts to this week’s better-than-expected cash prices, said traders. CME […] Read more
U.S. livestock: Beef, profit-taking weaken CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts on Thursday eased from Wednesday’s three-cent per pound limit-up settlement, pressured by profit-taking and seasonally struggling wholesale beef values, said […] Read more
U.S. livestock: CME live cattle limit up on cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts on Wednesday settled up the three cents per pound daily price limit, driven by fund buying and futures’ discounts to […] Read more