Western Canadian feeder cattle prices were steady to $2 per hundredweight (cwt) lower in comparison to week-ago levels. Many feedlots are running on skeleton crews through Christmas and New Year’s and they don’t want to be processing large numbers at this time. Auction market numbers were lower and the market was characterized by non-feature small […] Read more
Klassen: Feeder prices finish year on solid demand
Klassen: Feeder prices stay firm late in the year
Western Canadian feeder cattle prices were steady with week-ago levels as mild temperatures and limited precipitation provided optimal conditions for feedlot placements. Despite the softer tone for fed cattle, buying interest came forward from larger feedlot operators and the smaller farmer feedlot backgrounder. Run-of-the-mill black Angus-cross age-verified steer calves weighing 520 pounds sold for $164 […] Read more
Klassen: Feeder cattle prices hold value
Western Canadian feeder cattle prices were steady with week-ago levels. Auction market volumes remain quite high for this time of year; however, buying interest has subsided, with many feedlot operators comfortable with current numbers on feed heading into the New Year. Colder temperatures also set a negative tone as buyers factor in a slightly higher […] Read more
Klassen: Positive economic data supports feeder cattle
Western Canadian feeder cattle prices were steady to $2 per hundredweight (cwt) higher last week. Stronger buying interest was attributed to positive feeding margins, year-end buying and positive economic data. Run-of-the-mill mixed steer calves in central Alberta averaging 524 pounds brought back $167/cwt. Red Angus-Simmental cross steers with Ralgro implants averaging just over 600 lbs. […] Read more
Klassen: Feeder cattle outlook remains positive
Western Canadian feeder cattle prices were $2-$4 per hundredweight (cwt) lower on average last week. Run-of-the-mill red and black large-framed heifers averaging 638 pounds with no special qualities sold for $138/cwt landed in southern Alberta. Red and black Angus steers averaging 600 lbs. sold for $147/cwt in central Alberta. Simmental-red Angus fancy large-framed steer calves […] Read more
Klassen: Feeder cattle prices remain volatile
Western Canadian feeder cattle prices continue to trade in a mixed volatile pattern. A Pfizer Gold age-verified group of Charolais-cross steers averaging 520 pounds sold for $162 per hundredweight in central Alberta. Run-of-the-mill Simmental-cross steers averaging 510 lbs. sold for $151/cwt in the same region. The market is starting to reflect sharper discounts for lower-quality […] Read more
Klassen: Mixed volatile prices characterize feeder market
Feeder cattle prices across Western Canada were $2 lower to $3 higher last week depending on the location of the sale. Feeder cattle prices are running 20 per cent above year-ago levels and available financing is limiting the buying power. Despite the equity buildup over the past year, many feedlot operators and custom feeders are […] Read more
Klassen: Feeder cattle prices edge higher
Western Canadian feeder cattle prices were steady to $2 higher on average last week. Alberta fed cattle prices reached $110 per hundredweight, up $3 from a week ago, and this strength spilled over into the feeder complex. A group of 100 Charolais-cross steers averaging 875 pounds, looking green and a bit fleshy, sold for $139/cwt […] Read more
Cattle Price Outlook Remains Bright
Fed cattle in Alberta traded in the range of $107 to $111/cwt in the first half of October, up from the September highs of $104. At the same time, fed cattle in Texas sold for $119 while cattle in Nebraska moved at $119/cwt on a live basis and $189/cwt on a dressed basis. Market ready […] Read more
Klassen: Feeder cattle prices hold value
Western Canadian feeder cattle traded steady with week-ago levels. A softer fed cattle market, along with the firmer Canadian dollar, tempered strength in the feeder complex. Light-weight calves were in high demand as Black 480-weight steers on the Pfizer Gold program sold for $171 per hundredweight (cwt), f.o.b. the ranch in British Columbia. Simmental-Red Angus […] Read more