I receive many calls from cow-calf producers regarding the timing of feeder cattle sales. Ranchers often feel they are at the mercy of the market. Cow-calf producers often feel they have no control on their marketing schedule. Many producers sell at the same time every year because that was the marketing strategy for their parents […] Read more
Feeder cattle sales are all about timing
Market Update: It’s important to have some choice when marketing calves
Klassen: Feeder market percolates higher amid finicky buyers
Ontario feedlots bring demand for West's calves
Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta […] Read more
Klassen: Feeder market’s upward trend continues
Manitoba, Saskatchewan see limited gains
Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
Cow-calf producers have opportunity for expansion
Calf prices expected to remain strong for at least two years, and perhaps three
Throughout the fall, I received many inquiries from cow-calf producers regarding herd expansion. During the latter half of November, good bred cows and higher-quality bred heifers were trading in the range of $1,800-$2,200 in central and southern Alberta. Younger cow-calf pairs were selling in the range of $1,600-$2,100 in the same regions. With current prices […] Read more
Klassen: Feeder market price discovery continues
Ontario buying interest leading Prairie market
In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
Klassen: Feeder market looks upward
Quality of available cattle contributes to volatility
Western Canadian feeder cattle prices were quite variable. Compared to three weeks ago, Alberta prices were steady to $2/cwt higher while in Saskatchewan, prices were $8-$10/cwt higher on average with lighter-weight cattle jumping as much as $15. For example, in central Alberta, higher-quality 800-lb. steers were trading from $230 to $235 and 600-pounders were valued […] Read more
Beef supplies will tighten by mid-2023
Market Update with Jerry Klassen: Feeder cattle market will function to encourage expansion
Western Canadian feeder cattle prices trended lower throughout the fall. During late August and the first half of September, higher-quality yearlings in Manitoba weighing 850 pounds were trading in the range of $255-$260/cwt. In early December, replacement cattle of similar quality in the same region were quoted at $240. Calves had a similar trend, dropping […] Read more
Klassen: Feeder market to start 2023 on firm tone
Counter-seasonal behaviour expected
There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more
Klassen: Historically high deferred live cattle futures support feeder complex
Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
Klassen: USDA lowers beef production estimates for 2023
Three months needed to clean up the backlog in Canadian feedlots
During the third week of November, Alberta packers were buying fed cattle on a dressed basis in the range of $303-$305/cwt f.o.b. the plant for late December delivery. Live prices in Alberta were quoted at $178-$180 f.o.b. the feedlot. Feedlots in Alberta and Saskatchewan are backed up with market-ready supplies of fed cattle. Carcass weights […] Read more
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