Insights and Stories on Beef Cattle

Jul. 23, 2014 at 11:52 am CDT

CNS — Feed grain prices are above milling prices in some areas of Western Canada right now due to complicated travel logistics and patient farmers, says an industry analyst. “Just in general right now, farmers aren’t really big sellers of crop,” said Charlie Pearson, a provincial crops market analyst at […]

By Marney Blunt

Jul. 22, 2014 at 4:55 pm CDT

Reuters — Chicago Mercantile Exchange live cattle futures rose almost 2 per cent on Tuesday, fueled by short-covering in response to record-high beef prices, traders said. Tuesday morning’s wholesale price for choice beef surged $3.07 per hundredweight (cwt) from Monday to an all-time high of $253.59. Select beef climbed $2.10 […]

By Theopolis Waters

Jul. 22, 2014 at 9:05 am CDT

Shanghai/Reuters — The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks , Burger King Worldwide Inc and others, as well as McDonald’s products as far away as Japan. McDonald’s Corp and KFC’s parent Yum Brands Inc apologized to Chinese customers on Monday after it […]

By adam-jourdan

Jul. 21, 2014 at 4:05 pm CDT

Chicago Mercantile Exchange live cattle futures gained for a third straight session, fuelled by sharply higher wholesale beef prices, traders said. August live cattle finished 1.325 cents per lb higher at 152.950 cents, and October 0.925 cent higher at 155.250. Monday morning’s wholesale price for choice beef jumped $2.02 per […]

By Theopolis Waters

Jul. 21, 2014 at 9:02 am CDT

Fed cattle prices in Alberta reached record highs last week trading the range of $164/cwt to $165/cwt. Feedlot margins surged into positive territory, once again reinforcing the price structure for feeder cattle. It appears the fed cattle market is incorporating a risk premium due to the uncertainty in production. For […]