Insights and Stories on Beef Cattle

Jun. 3, 2015 at 4:35 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday closed lower following sliding wholesale beef prices, traders said. June closed down 0.8 cent per pound to 152.5 cents, and August 1.375 cents lower at 150.625 cents. The choice wholesale beef price, or cutout, on Wednesday fell $2.13 […]

By Theopolis Waters

Jun. 2, 2015 at 5:58 pm CDT

Winnipeg | Reuters — Canada is whittling down its list of U.S. products that it may hit with steep tariffs in retaliation against contentious meat-labeling laws, Agriculture Minister Gerry Ritz said on Tuesday. The Canadian government is likely to target beef, pork, California wines, mattresses, cherries and office furniture, possibly […]

By Rod Nickel

Jun. 2, 2015 at 4:47 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures Tuesday settled mostly weaker on profit-taking and the morning’s soft wholesale beef prices, traders said. The reversal of a trading strategy known as bear spreads implemented on Monday propped up the June contract and further pressured August futures. June closed […]

By Theopolis Waters

Jun. 1, 2015 at 3:49 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures […]

By Theopolis Waters

Jun. 1, 2015 at 12:22 am CDT

Western Canadian feeder cattle prices were steady to $2 higher on average with limited sales occurring this past week. The Livestock Markets Association of Canada held its annual convention in Winnipeg on the weekend, so many sales barns were quiet. The market at this time of year is characterized by […]

By Jerry Klassen