Insights and Stories on Beef Demand

Mar. 17, 2020 at 10:57 am CDT

Compared to last week, western Canadian yearling prices were down $12-$18; mid-weight calves were down $10 to as much as $15 while calves under 550 lbs. were down $4-$8. The market is incorporating a risk discount due to uncertainty in beef demand for the second and third quarters of 2020. […]

By Jerry Klassen

Mar. 16, 2020 at 3:55 pm CDT

Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most […]

By Mark Weinraub

Feb. 11, 2020 at 10:20 am CST

Compared to last week, western Canadian prices for yearling and heavier calves were down $2-$4 on average. The calf market was hard to define; Alberta markets traded $3 lower to $4 higher but notable strength was evident in Saskatchewan and Manitoba where values were steady to $4 higher. Favourable weather […]

By Jerry Klassen

Jan. 27, 2020 at 6:18 pm CST

MarketsFarm — Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the new coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef […]

By Phil Franz-Warkentin

Aug. 20, 2019 at 7:25 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the Labour Day holiday weekend, analysts said. Retailers are stocking their meat cases this week ahead of the Labour Day holiday on Sept. 2, […]

By Julie Ingwersen