Insights and Stories on Feeder Cattle

Apr. 27, 2017 at 5:29 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth […]

By Karl Plume

Apr. 26, 2017 at 5:21 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Wednesday reached its highest level in a year, ignited by short-covering and futures’ discounts to initial cash prices, traders said. They said bargain buying briefly sent some deferred live cattle months to fresh highs and up their three-cents-per-pound daily price […]

By Theopolis Waters

Apr. 25, 2017 at 8:56 am CDT

Western Canadian feeder cattle continued the upward trend trading $5 to $8 above week-ago levels on average with higher quality feeders as much as $12 higher. Alberta packers were buying cattle near $177 on a live basis, which is about $35 above breakeven pen closeouts. Ongoing strength in the fed […]

By Jerry Klassen

Apr. 18, 2017 at 3:56 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle on Tuesday spiked to their highest since mid-April 2016, driven by improved wholesale beef demand that may underpin cash prices this week, said traders. They said profit-taking pulled back-month futures down from new contract highs achieved earlier in the session. April […]

By Theopolis Waters

Apr. 17, 2017 at 8:34 pm CDT

Western Canadian feeder cattle markets traded $3-$5 above week-ago levels on average; stronger buying interest was noted on short-keep cattle with prices quoted $5 to as much as $8 higher. Feedlot operators stepped forward more aggressively with ideas that yearling supplies will dwindle over the next month. Quality cattle are […]

By Jerry Klassen