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Finishers

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle prices surge

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Western Canadian feeder cattle prices once again traded $3-$5 above week-ago levels, with shorter-keep quality cattle as much as $8 higher. Historically strong feeding margins, along with triple-digit gains in the futures market from Wednesday through Friday, set the positive tone. Feedlots that were holding back on purchases finally stepped forward, pushing the market to […] Read more
(Dave Bedard photo)
Finishers, Livestock, Reuters

Cargill to exit U.S. cattle feeding business

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Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Renewed confidence lifts feeder cattle market

By ,
Western Canadian feeder cattle markets traded $3-$5 above week-ago levels on average; stronger buying interest was noted on short-keep cattle with prices quoted $5 to as much as $8 higher. Feedlot operators stepped forward more aggressively with ideas that yearling supplies will dwindle over the next month. Quality cattle are starting to thin out at […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle upward trend stalls

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Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Noticeable slippage was noted in shorter-keep cattle while lighter weight categories experienced spurts of $2-$3 above last week’s prices. Alberta packers were buying fed cattle at $292 on a dressed basis, up about $4-$6 from week-ago levels. However, auction rings experienced a subdued tone […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle jump on healthy margin structure

By ,
Western Canadian feeder cattle jumped $3-$5 on average last week, with 800-plus-lb. yearlings trading as much as $8 higher. Historically high finishing margins finally resonated with feedlot operators and a precarious attitude from recent weeks was thrown by the wayside. Order buyers were inundated with interest as bids were relatively firm across the Prairies. Adverse […] Read more

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