Western Canadian feeder cattle markets were trading $5-$10 below values seven days earlier. Sharper declines were noted on heavier replacements over 800 lbs., which at times sold for $15 below week-ago levels; quality mid-weight feeders in the range of 600 to 800 lbs. were down $8 on average. Eastern Prairie markets held value on feeders […] Read more
Klassen: Buyers risk-averse on feeder cattle
Klassen: Lower fed cattle market pressures feeders
Western Canadian feeder cattle prices were trading $5-$10 below week-ago levels on average last week. Fully weaned vaccinated calves were trading down $5-$8 while semi-weaned bawlers were down a solid $10. Shorter-keep replacements over 850 lbs. were down $8-$12 depending on flesh levels but harder-looking cattle were down sharply, as much as $15. Extremely cold […] Read more
Klassen: Feedlots risk-averse on feeder cattle purchases
Western Canadian feeder cattle markets experienced a softer tone over the past week. Alberta prices were generally steady to $4 lower while in the eastern Prairies, markets were $4 to $7 below week-ago levels. The weaker tone in the deferred futures, along with the stronger Canadian dollar, were the main factors weighing on feeder values. […] Read more
Canadian dollar likely to fall lower in value
'Ill-conceived' deficits don't help the economy in the long run
I’ve received many inquiries from cattle producers regarding the outlook for the deteriorating Canadian dollar. Many cattle producers don’t watch daily market activity and recently, we’ve seen sharper changes from week to week as the Canadian recession deepens. A dovish monetary policy from the Bank of Canada along with left-leaning fiscal policy from the ruling […] Read more
Retail specials helped sell some beef
Market Update with Jerry Klassen
The new year started off with a bounce in fed cattle prices with Alberta packer purchases in the range of $172 to $174, up from the December lows of $160. While fed cattle wholesale beef markets were declining throughout the fall period, retailers were holding up beef prices. However, during the first half of January, […] Read more
Klassen: Feeder market experiences defensive tone
Feedlot operators continue to pull in the reins on replacement cattle purchases because another month-end budget for the bank does not look healthy. Alberta sales barns experienced a soft tone, with sales $4 to $6 below week-ago while eastern Prairie regions received spillover support from U.S. markets. Manitoba markets were notably $3 to $8 higher […] Read more
Klassen: Feeders still vulnerable in financial market turbulence
Western Canadian feeder cattle prices experienced a defensive tone over the past week. Cattleman had their eyes glued to the equity market meltdown, which enhanced fears the fed cattle market would follow suit. Live cattle futures were on a roller coaster, and a late-week bounce in the Canadian dollar added to market uncertainty. Buyers were […] Read more
Klassen: Uncertainty causes feeder market volatility
Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances were down $6 to $12 in non-major feeding regions. Feeder markets were slightly softer Monday through Wednesday; however, feedlot operators were quick to back away […] Read more
Klassen: Feeder cattle jump on renewed buying interest
During the first full week of January, western Canadian feeder cattle traded $10-$15 higher compared to late December. In some cases, calves under 600 lbs. were $15-$20 higher. Strength in the nearby fed cattle market, along with the firmer tone to live cattle futures, set a positive tone. Alberta packers were buying fed cattle in […] Read more
Beef market will get worse, before it gets better
Over-supply and low demand – a deadly combination
Fed and feeder cattle markets have been trending lower throughout the fall and early winter as the market contends with growing beef supplies and lacklustre demand. Alberta packers were buying fed cattle in the range of $158 to $160 in mid-December while pen closeout breakeven values are closer to $200. Cold storage stocks of beef […] Read more
Cyber-Savvy Farmer
