Insights and Stories on Feeder Cattle

Apr. 26, 2016 at 11:30 am CDT

Just when I thought feeder cattle prices were stabilizing, once again the unexpected occurs. A sharp rally in U.S. grain futures, along with weaker fed cattle prices, caused western Canadian feeder cattle to trade $6-$12 lower compared to week-ago levels. Auction markets reported limited buying interest, with often only two […]

By Jerry Klassen

Apr. 25, 2016 at 3:53 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday, helped by short covering and futures’ discounts to last week’s cash prices, traders said. April live cattle closed 0.825 cent/lb. higher at 125.55 cents, and June ended 1.95 cents/lb. higher at 116.6 cents (all figures US$). […]

By Theopolis Waters

Apr. 22, 2016 at 5:12 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures sped to new contract lows, accelerated by bearish fundamentals and positioning before the government’s monthly Cattle on Feed report at 2 p.m. CT, traders said. Simultaneously, the U.S. Department of Agriculture will issue its monthly cold storage data that will […]

By Theopolis Waters

Apr. 21, 2016 at 3:30 pm CDT

Chicago | Reuters — Most Chicago Mercantile Exchange live cattle futures closed weak on Thursday after investors sold deferred months and bought April futures based on preliminary cash prices, traders said. April live cattle closed up 0.2 cent/lb. to 126.5 cents. June ended down 0.375 cent/lb. to 116.9 cents, and […]

By Theopolis Waters

Apr. 20, 2016 at 5:52 pm CDT

Chicago | Reuters –– Chicago Mercantile Exchange live cattle contracts slid for an eighth day in a row on Wednesday as long liquidation continued, said traders. April live cattle closed 1.025 cents/lb. lower at 126.3 cents, and June ended down 1.3 cents/lb. at 117.275 cents (all figures US$). Both contracts […]

By Theopolis Waters