Western Canadian feeder cattle prices were steady to $4 higher relative to week-ago levels. Yearling volumes are starting to increase in central and northern Alberta while the southern and eastern regions experienced limited activity. Buyers’ opaque attitudes resulted in a firmer tone and no one could feel guilty for a minor intemperance. However, the circumspect […] Read more
Klassen: Feeder market brewing but caution prevails
Klassen: Feeder cattle market comes back to life
Western Canadian feeder cattle prices were $4-$6 higher on average — in some cases as much as $10 higher in the major feeding regions of Alberta. A couple of auction barns held their first yearling sale of the year and optimism returned with a vengeance. A minor bounce in feeder and live cattle futures along […] Read more
Klassen: Feeder cattle market seeking stability
Western Canadian feeder cattle prices continued on a downward trajectory trading $3-$5 below week-ago levels. Erratic buying interest resulted in inconsistent price action across the Prairies which made the market difficult to define. Smaller groups of various quality cattle were on offer, justifying the softer tone, but feedlot operators demonstrated unwavering fortitude even on genetically […] Read more
Klassen: Feeder cattle market remains sluggish
Western Canadian feeder cattle prices traded $3 to as much as $10 below week ago levels due to deteriorating feedlot margins and building beef supplies. Once again the bulk of the pressure was on the heavier weight categories as the deferred live cattle futures made fresh contract lows. Alberta packers showed limited interest in fed […] Read more
Market says plan on backgrounding cattle
Market Update with Jerry Klassen: Feedlot margins are not expected to improve until 2017
Alberta fed cattle prices dropped to a two-year low of $143 in late June as the beef complex absorbed the larger production. Cattle-on-feed inventories continue above year-ago levels, enhancing the weekly slaughter volumes. Wholesale beef prices have come under pressure and we are starting to see weakness in the retail market. Wholesale and retail beef […] Read more
Klassen: Feeder market remains in summer doldrums
Western Canadian feeder cattle prices were quite variable over the past week. Cattle weighing over 700 lbs. were under pressure while calves appeared to trade steady with week-ago levels. The Calgary Stampede period is one week that cattle men and women don’t worry about markets and just enjoy the celebration of fine culture. Small groups […] Read more
Klassen: Feeder market weathering summer storms
Western Canadian feeder cattle were traded $3 to $5 below week-ago levels, with replacements over 700 lbs. absorbing the bulk of the decline. Despite the sharp drop in barley prices, uncertainty in the deferred cash fed cattle prices caused feedlots operators to back away from the market. Secondly, ideas are that yearling prices will weaken […] Read more
Klassen: Feeder cattle market experiences thin trade
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Many auction barns are in holiday mode and the shortened holiday week further shrunk market activity. In any case, feedlot operations on both sides of the border are focused on selling fed cattle and assessing current financial damage rather than bringing in replacements. The […] Read more
Klassen: Large beef supplies weigh on feeder market
Western Canadian feeder cattle prices experienced a week-over-week decline of $8-$12 on average while isolated sales dropped nearly $20. The sharp fall in the fed cattle market was the main reason for the deteriorating buying interest. Just when feedlots thought the worst was over, the market gave them another dose of reality. The retail market […] Read more
Klassen: Feeder market enters summer doldrums
Western Canadian feeder cattle markets experienced a softer tone over the past week as many auction barns are in summer holiday mode. Weakness in live and feeder cattle futures set a negative tone and by Friday, Alberta packers had dropped bids by nearly $12 on a dressed basis. Feedlot operators were once again on the […] Read more