Insights and Stories on Beef Prices

Dec. 6, 2016 at 2:15 am CST

Alberta packers were buying fed cattle at $150 this past week, which was $5 above breakeven pen closeout values. This rally in the fed cattle market was a long time coming and renewed optimism surged across the Prairies. Feeder cattle prices traded $3-$5 above week-ago levels, with lighter calves leading […]

By Jerry Klassen

Oct. 19, 2016 at 6:11 pm CDT

Chicago | Reuters — U.S. live cattle futures fell the most in 1-1/2 weeks on Wednesday in a selloff linked to lacklustre demand from meat packers and government data that showed the lowest wholesale beef prices in four years, traders said. Feeder cattle futures dropped the most so far this […]

By Michael Hirtzer

Sep. 12, 2016 at 9:53 pm CDT

Alberta packers were buying fed cattle in the range of $128-$130 this past week — the lowest levels since December 2013 and down nearly $18 from a month ago. Weekly beef production continues to defy expectations, bludgeoning feeding margins across the Prairies. Western Canadian feeder cattle markets were quick to […]

By Jerry Klassen

Sep. 6, 2016 at 5:57 pm CDT

Chicago | Reuters — U.S. live cattle futures declined more than two per cent on Tuesday, nearing their lowest levels in six years on pressure from big supplies of cattle and beef and lower wholesale meat prices, traders said. Cattle broke below the psychological threshold of 100 cents/lb. for the […]

By Michael Hirtzer

Aug. 30, 2016 at 3:49 am CDT

Comments from the country this week suggested the market was slightly firmer than week-ago levels. However, market reports stated prices were relatively unchanged and actually softened late in the week. The old saying that even a priest lies about his car’s gas mileage applies to overly optimistic cattlemen trying to […]

By Jerry Klassen