Photo: Canada Beef Inc.

Klassen: Feeder market continues to climb

Canadian values appear to be one week behind the U.S. market

For the week ending February 10, Western Canadian the market for yearlings over 800 pounds was $3/cwt to $6/cwt compared to a week earlier. Feeder cattle suited for grass and calves were up $8/cwt to as much as $25/cwt in some cases compared to the week prior. Quality steers averaging 600 pounds were readily trading in the range of $410-$425 up from the range of $380-$395 last week.







Absent a significant rally in Chicago June and August live cattle, the market for backgrounded cattle is not sustainable moving forward.

Fed cattle market softens

The longer-term outlook remains bright, despite lots of cattle on feed

During the first week of January, Alberta packers were buying fed cattle on a dressed basis in the range of $363-$365 per hundredweight delivered. This was down marginally from the price range of $368-$370/cwt. during the week of December. In Kansas and Texas, live prices were US$171/cwt., down US$4/cwt. from 30 days earlier. U.S. packers […] Read more






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Protein sector faces labour crunch: report

Nearly two thirds of agri-food companies can't hire all the workers they need

Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report.