Compared to last week, western Canadian yearling markets traded $3-$5 higher while calf prices advanced $1-$3 on average. Alberta packers were buying fed cattle on a dressed basis of $360/cwt last week, up $3-$10 from a week earlier. Using a 60 per cent grading, live prices would be equivalent to $216. Feeding margins have improved […] Read more
Klassen: Alberta fed cattle lead feeder market higher
Traders expecting more barley acres this year
Feed grain outlook lifts feeder cattle market
Market Update with Jerry Klassen: The outlook for corn in U.S. and Brazil is for near-record production
The April 2024 live cattle futures have been trading near historical highs. As of early March, the contract was at $172.85/cwt. The live cattle futures are the feeder cattle futures five months forward. While the April live cattle futures are making fresh all-time highs, the November feeder cattle futures have been trading around $220/cwt. The […] Read more
Klassen: Feeder market eyes feed grain complex
Downside expected in new-crop barley prices
Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle market continues to support the […] Read more
Klassen: Stronger fed cattle market pulls feeders upward
Feedlots becoming more current with production
Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more
Lower cattle supplies will be the theme for 2023
Market Update with Jerry Klassen: Consumers keep buying despite inflation and high interest rates
As of mid-February, Alberta packers were buying fed cattle in a live basis in the range of $195-$196/cwt delivered, up $10/cwt from 30 days earlier. The market had been percolating higher due to tighter supplies of market-ready fed cattle. Dressed cattle marketing weights have been declining on both sides of the border, giving the feedlot […] Read more
Klassen: Feeder market scaling fresh heights
Heifer retention expected in U.S. this spring
Compared to last week, western Canadian yearling markets traded $5 to as much as $10 higher. Replacements in the 650- to 800-lb. category were up $6-$12; calves under 650 lbs. were relatively unchanged although volumes were limited. Lightweight calves were hard to come by last week. Weather may have been a factor. Many factors contributed […] Read more
Klassen: Feeder market continues the climb
Statistics show tightening supplies in Canada, U.S.
Compared to last week, western Canadian feeder markets yearling markets traded $2-$5 higher. Replacements in the 700- to 800-lb. weight category appeared to jump $5 to as much as $15 in some cases. Calves weighing 500-700 lbs. were unchanged to $4 higher on average after rallying nearly $20 over the past month. There were limited […] Read more
Understanding feedlot margins
Market Update with Jerry Klassen: Much depends on having a risk management plan in place
Feeding cattle is a unique business. Feedlot margins are often in negative territory. When there is a profitable period, it is relatively short lived. I often receive calls from cow-calf producers and other readers asking about margins for the feedlot operator. How can feedlots continue to operate after a prolonged period of negative margins? In […] Read more
Klassen: Calves jump on corn outlook
Softer barley values underpin yearling market
Compared to last week, western Canadian feeder cattle markets traded $5 to as much as $12 above week-ago levels. Alberta packers were buying fed cattle on a dressed basis in the range of $332-$335 delivered, up $5-$8 from last week. Stronger fed cattle prices and softer barley values underpinned the yearling market. Buyers were finicky […] Read more
Klassen: Feeder market stabilizes after recent climb
Calf prices in Manitoba show premium over Alberta
Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Replacements weighing 650-800 lbs. appeared to traded steady to $4 higher while calves under 650 lbs. were steady to $4 lower. The cost per pound gain is reaching unprecedented levels and fleshier cattle were discounted quite severely in some cases. […] Read more