Insights and Stories on Feeder Cattle

Jul. 9, 2024 at 4:07 pm CDT

CME live and feeder cattle futures turned lower on Tuesday as cutout values fell and consumer demand waned following the end of major steak-eating holidays, traders said.

By Heather Schlitz, Reuters

Jul. 9, 2024 at 9:25 am CDT

For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.  

By Jerry Klassen

Jul. 8, 2024 at 4:43 pm CDT

Chicago Mercantile Exchange cattle futures turned lower on Monday, shedding a post-holiday rally on demand concerns and news that beef-loving Argentines are cutting back on buying steaks as the country's economy slumps.

By P.J. Huffstutter, Reuters

Jul. 5, 2024 at 3:27 pm CDT

Chicago Mercantile Exchange live cattle futures closed higher on Friday as consumer demand for beef remains high and as U.S. cattle herds continue to undergo a period of contraction, traders said.

By Heather Schlitz, Reuters

Jul. 3, 2024 at 5:34 pm CDT

Chicago Mercantile Exchange live cattle futures closed higher for a second session on Wednesday, supported by strong wholesale beef prices and light technical trading ahead of the U.S. July Fourth holiday, traders said.

By Julie Ingwersen, Reuters