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Finishers

Klassen: Stronger demand supports feeder market
Beef Cattle, Finishers, Livestock, Markets

Klassen: Stronger demand supports feeder market

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Western Canadian feeder cattle markets jumped $2-$5 last week, after adverse weather caused buyers to shy away earlier in October. Major feedlot operators were very aggressive on quality yearling packages and heavier weaned vaccinated calves. Many operations have limited ownership at this time of year because wet, cold weather conditions delayed purchases. The market appeared […] Read more
The feeder cattle market remains firm heading into fall, says Jerry Klassen.
Cattleman’s Corner, Feed markets, Finishers

Cattle producers eyeing feed grain prices

Market Update: Feeding expected to get more expensive — something has to give

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Feedlot operators have had a very strenuous spring and summer. Margins have been hovering in negative territory while feed barley prices have been percolating higher. Feeder cattle prices are actually higher than year-ago levels despite the strong feed grain prices and a year-over-year increase in the U.S. calf crop. The Canadian dollar has been trading […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Finishers, Livestock, Markets

Klassen: Feeder cattle market holding value

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Compared to last week, western Canadian yearling prices were steady to as much as $4 higher while calf values traded within $5 on either side of unchanged. Current feedlot margins are hovering around break-even, but profitability will improve during October and November, given the recent strength in the deferred live cattle futures. Therefore, short-keep feeders […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market eyes April live cattle futures

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Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market waiting for direction

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Average western Canadian feeder prices were relatively unchanged from week-ago levels; however, the yearling market in southern Alberta traded $3-$5 higher as feedlot operators focused on sourcing local cattle. High-quality yearlings are coming on the market and steady demand was evident across the Prairies. Strength in the deferred live cattle futures along with the deterioration […] Read more

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