Feeder cattle in Western Canada were steady to $1 higher on average last week, with active feedlot demand chasing good-quality cattle. In Southern Alberta, seven-weight steers were selling for $114 to $120 while cattle in the 800- to 900-pound category were bringing back $103 to $106. Oklahoma markets saw cattle weighing 750 pounds bring back […] Read more
Klassen: stronger beef demand and positive margins support feeder cattle
Klassen: look for feeder prices to strengthen Sept.-Oct.
Western Canadian feeder cattle prices continue to ratchet higher due to spillover strength from the fed cattle. Prices for seven-weight steers were steady to $2 higher last week but volumes were rather light. Many auction markets are still in holiday mode and few cattlemen are willing to put grassers on the market at this time. […] Read more
Klassen: Larger sales set stage for fall feeder run
Feeder cattle prices in Western Canada were steady to $2 higher last week; volumes were rather light with many auction markets still closed for summer holidays. There are not many cattle coming on the market in Western Canada, which makes it difficult to get a handle on the current price structure. Fed cattle were selling […] Read more
Klassen: Feeder cattle feel vulnerable
Feeder cattle prices in Western Canada were steady to $1 higher over the holiday week while U.S. values were steady to $3 higher. Volumes were rather light and many sales barns were closed. Canadian feeder cattle exports have dropped under 2,000 head per week, with little buying interest surfacing for the few feeders coming available. […] Read more
Klassen: Feeder cattle market turns quiet
Feeder cattle prices in Western Canada were $1 to $3 higher this past week for calves weighing less than 700 pounds. Prices were slightly softer for heavier feeders in Saskatchewan and Manitoba, while regular demand in Alberta kept prices firm. Available feeder cattle numbers are dwindling and this upcoming week will be very slow, with […] Read more
Klassen: Feeder cattle prices bounce
Feeder cattle prices are $2 to $4 higher for the second week in a row. Prices have bounced off the recent lows as the available supplies begin to decline. Auction markets are experiencing the seasonal slowdown while buyers are contending with excessive rain. Alberta and Saskatchewan feedlot conditions remain poor, with cattle up their bellies […] Read more
Klassen: Feeder cattle percolate higher
Cash feeder prices in Western Canada were $1 to $3 higher last week. Demand was steady for 6- to 7-weight cattle but buying interest picked up for feeders in the 8-weight and heavier category. Export movement has slowed with weekly numbers under 5,000 head per week; however, U.S. order buyers were showing interest for the […] Read more
Klassen: Feeder prices marginally recover
Feeder cattle prices in Western Canada were steady to $2 higher last week; U.S. prices were $1 to $3 higher on average. Despite the U.S. Memorial Day holiday, the market was fairly solid as U.S. fed cattle sold for $1 to $2 higher. Gains in the slaughter market were transferred immediately into the feeder complex […] Read more
EU Instability Affects NA Markets
European economic instability appears to be shaking North American equity and energy markets. Economic gains made since last October have stalled for the time being and it looks like consumer confidence could erode into the summer the months. Consumer expenditures are the largest factor influencing beef demand and cattle merchants remember how consumption patterns can […] Read more
Klassen: Swampy feedlot conditions limit feeder demand
Feeder cattle prices were $2 to $5 lower last week as excessive rains plagued most of Western Canada. Feedlots are contending with horrible pen conditions along with major inefficiencies in weight gains as cattle are up to their waists in manure. Lower prices did little to spur on buying enthusiasm as potential for higher death […] Read more
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