Insights and Stories on Beef Cattle

Mar. 24, 2020 at 6:29 pm CDT

Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 […]

By Julie Ingwersen

Mar. 24, 2020 at 10:37 am CDT

Compared to last week, western Canadian feeder cattle prices were quite variable. Compared to seven days earlier, Alberta feeder prices were unchanged to $5 lower; however, the markets in northern Alberta, Saskatchewan and Manitoba were down $5 to as much as $10 in some cases. Weakness in the yearling markets […]

By Jerry Klassen

Mar. 23, 2020 at 8:25 pm CDT

Chicago | Reuters — U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium, traders said. Benchmark June live cattle futures […]

By Julie Ingwersen

Mar. 20, 2020 at 7:08 pm CDT

Chicago | Reuters — U.S. livestock futures rose on Friday on a spate of technical buying as the market tried to recover from its steep discount to the cash market, traders said. Strong demand from consumers at grocery stores due to worries about the coronavirus underpinned the gains. “They want […]

By Mark Weinraub

Mar. 19, 2020 at 7:44 pm CDT

Chicago | Reuters — U.S. livestock futures rose on Thursday, part of a broad recovery in the agriculture markets stemming from a rebound in crude oil prices and export hopes, traders said. Strong demand for meat in the retail sector underpinned the gains as the industry scrambled to restock grocery […]

By Mark Weinraub