An overhead shot of cattle in wooden pens at Perlich Bros. Auction Mart as they await their turn in the sales ring.

Western Canadian feeder cattle market recovers

Feedlots are fairly current with production, but the nearby fed cattle basis deteriorates due to struggling packing margins

Western Canadian yearling prices traded back up to historical highs over the past week while calf markets made fresh highs at many locations.







Photo: Clinton Austin/Getty Images Plus

U.S. livestock: Cattle futures mixed

Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, after dropping sharply the previous session. The December live cattle contract was up by 1.350 cents per pound at 241.175 cents. However, more deferred months were lower. Feeder cattle saw a continuation of Wednesday’s selloff, with the November contract down 2.775 cents at 361.450 […] Read more