Feeder cattle prices in Western Canada were $2 to $4 lower with heavier replacement cattle bearing the brunt of the decline. Alberta fed steers dipped to $97 on Friday, down nearly $3/cwt from a week earlier, which kept tempered buying enthusiasm. Adverse pen conditions have resulted in lower rates of gain and with the weak […] Read more
Klassen: Feeder cattle prices drop $2-$4 per cwt
Klassen: Feeder cattle continue grind lower
Western Canadian feeder cattle prices were steady to $2 lower last week. Lighter-weight grass cattle held up fairly well, with heavier replacements moving in line with the slaughter market. Alberta fed steers were $2 lower trading at the $100 per hundredweight (cwt) level, down $16/cwt from the highs in early April. Feeder steers weighing 620 […] Read more
Klassen: USDA report sets negative tone
Feeder cattle prices were $2 to $3 lower across Western Canada, with prices dropping an additional $1 to $2 late in the week. Steers weighing 620 pounds sold for $135 per hundredweight (cwt) in central Alberta, down $4 from a week earlier; lighter steers weighing 500 to 550 lbs. sold in the range of $138/cwt […] Read more
Klassen: Feeder cattle remain soft
Feeder cattle prices continue to grind lower as replacement cattle are now $8 to $10 off the spring highs. For example, central Alberta feeder steers weighing 620 pounds were selling for $150 during the first week of April, but last week brought back $139. This was a demand-driven rally and consumers are now backing away […] Read more
Klassen: Flooding, rains weigh on feeder cattle prices
Feeder cattle prices were steady to $2 lower last week as larger supplies weighed on the market structure. Backgrounding operators were waiting for drier conditions to liquidate supplies and there was a short window of opportunity last week. However, feedlot operators showed very little interest with the forecast for additional rains; softer slaughter cattle values […] Read more
Klassen: Rationing beef demand weighs on feeder cattle
Feeder cattle in Western Canada were $2 to $3 lower last week despite the lower numbers coming on the market. Weakness in the fed cattle prices, along with the potential for negative feeding margins, set a softer tone in the feeder complex. Buyers were not receiving the stream of orders last week and were rather […] Read more
Klassen: Feeder cattle grinding lower
Feeder cattle prices in Western Canada continue to grind lower due to softer slaughter values and rising feedgrain prices. Alberta fed cattle dropped $2 to $4 last week, with steers trading in the range of $108.50 to $111. On Monday (April 25), cattle in Texas traded at $117, down from $119 late last week. The […] Read more
Klassen: Feeder cattle soften
Feeder cattle prices in Western Canada were $2 to $3 lower last week due to weaker slaughter values and rising barley prices. Alberta steers in the 500- to 600-pound category traded in the range of $140 to $150; auction markets reported 600- to 700-pound replacement steers in the range of $134 to $144. Overall, buyers […] Read more
Klassen: Beef demand sustains feeder prices
Feeder cattle prices in Western Canada were $1-$4 per hundredweight (cwt) lower on average for the week ending April 8. Feeder steers weighing 625 pounds sold for $155/cwt in southern Alberta while good quality 720-lb. cattle brought back $135/cwt. The Alberta slaughter market was $2 to $3 lower finishing at $113/cwt. Good framed healthy bred […] Read more
Klassen: Feeder cattle prices consolidate
Feeder steers ranging from 700 to 750 pounds brought back $133 per hundredweight (cwt) in central Alberta last week while lighter eight-weight cattle sold for $126/cwt. The feeder market appears to be consolidating at the higher levels, with feedyard managers extremely cautious after last week’s U.S. Department of Agriculture report. U.S. corn stocks as of […] Read more