Feeder cattle prices remain under pressure in Western Canada due to lower fed cattle prices, negative feedlot margins and weaker deferred live cattle futures. There is little optimism in the cattle business as the Canadian dollar continues to trade near US95 cents. Canadian triple AAA prices continue to trade near two-year lows as the beef […] Read more
Klassen: feeder cattle prices continue under pressure
Fed Cattle Prices Remain Soft
Fed cattle prices in Southern Alberta continue to hover near the 2009 lows. Steers were trading hands in the range of $79 to $81 in mid-November as the strong Canadian dollar continues to weigh on domestic prices. In addition to slower slaughter cattle exports, beef product values have also come under pressure as exports due […] Read more
Hog Prices Turning Around
Cash hog prices in Peoria were reported at $34/ cwt in mid-November, up from the lows of $29 in October. At the same time, Canadian prices in Manitoba were reported at $1.05/kg for nearby delivery, up approximately $0.10/ kg from a month earlier. The market is starting to realize an increase in demand while supplies […] Read more
Klassen: Larger supplies anticipated in Canada, U.S.
Dec. 1 — Feeder cattle prices in Western Canada remain soft due to larger available supplies and negative margins in the finishing feedlot sector. Values were $1 to $2 per hundredweight (cwt) lower on average this past week, with cattle merchants reporting additional pressure on the heavier calves. “Tax deferred” buying is starting to step […] Read more
Klassen: Feeder cattle exports way down
Nov. 23 — Feeder cattle markets were steady to $2 lower in Western Canada for the week ending Nov. 20. Margins for the finishing feedlot remain deep in red ink and there is very little buying enthusiasm among feedlot managers these days. The fed cattle market in Alberta traded in the range of $76-$78 per […] Read more
Klassen: Supplies weighing down feeder market
Nov. 17 — According to CanFax, the number of feeder cattle placed in Alberta and Saskatchewan feedlots during January through October was 1.682 million head, which is down 5.3 per cent from 1.776 million head for the same timeframe in 2008. Canadian feeder cattle exports to the U.S. for the first 10 months of 2009 […] Read more
Klassen: Enthusiasm hits feeder market
NEW FEATURE: Jerry Klassen, an independent commodity trader well known to readers of Canadian Cattlemen and the Cattleman’s Corner section in Grainews for his analysis of the livestock markets, now brings a new weekly column on cattle markets to AGCanada.com and its affiliated sites. Nov. 9 — U.S. feeder prices are $3-$4 per hundredweight (cwt) […] Read more
Hog Prices Improving For 2010
U. S. Hog Inventory Sept 1 All hogs and pigs Kept for breeding Market hogs Under 60 pounds 60 to 119 pounds 120 to 179 pounds 180 pounds and over 2009 as % of 2008 97.7 96.9 97.8 96.3 97.9 98.6 99.7 Hog prices will likely stay under pressure for the remainder of 2009 but […] Read more
Klassen: Feeders higher on lower Canadian dollar
NEW FEATURE: Jerry Klassen, an independent commodity trader well known to readers of Canadian Cattlemen and the Cattleman’s Corner section in Grainews for his analysis of the livestock markets, now brings a new weekly column on cattle markets to AGCanada.com and its affiliated sites. Nov. 3 — Feeder cattle prices in Western Canada have been […] Read more
Cdn Beef Herd Still Contracting
The cattle market appears to be stabilizing after absorbing the burdensome supplies during the summer months. In early September, fed steers in the U. S. southern plains were trading at $85/cwt, which is up from $82 a month earlier. At the same time, market ready cattle were selling in the range of $81 to $82 […] Read more