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(Geralyn Wichers file photo)
Finishers, Livestock, Markets

Klassen: Feeder market consolidates

USDA report considered supportive for Q4 fed cattle

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. The steam appears to be coming off the market as larger volumes become available. Pastures have basically dried up in many areas of Western Canada, which has spurred on producer selling. The calf market was hard to define due to […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Upward momentum in feeder market eases

Feedlots seen in 'risk assessment mode'

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Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Higher-quality groups of yearling heifers appeared to trade steady to $2 higher on average while steer markets traded $3-$4 higher to $2 lower. Calf prices are unchanged from seven days earlier. The rally in deferred live cattle futures has stalled for the time […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: U.S. feeder markets lead Canadian prices higher

Dry conditions in Saskatchewan and parts of Alberta are moving yearlings off grass sooner than expected

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Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. Dryer conditions in Saskatchewan and […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: tight supplies continue to underpin feeder complex 

Feedlot operators shrug off past week's rally in the corn market

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Compared to last week, Western Canadian yearling markets traded $2-$5/cwt higher on average while calves were up $5/cwt to as much as $10/cwt in some cases. Feather light calves under 500 pounds reached fresh historical highs with 300-400 pound steers trading from $400-$450/cwt in Southern Alberta.  Finishing feedlots continue to be aggressive on yearlings for […] Read more
Photo: Canada Beef Inc.
Finishers, Livestock, Markets

Klassen: Feeder market continues climb

Futures spur larger feedlots to lock in ownership

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Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feeder market consolidates at historical highs

Higher borrowing costs offset lower feed prices

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For the week ending Saturday, western Canadian yearling steer prices were quoted $2-$4 higher; yearling heifers traded $2 higher to $5 lower. Calves were relatively unchanged although volumes were limited. Larger groups of quality genetics were well bid while second tier cattle were marginally discounted off the highs. Some ranches are liquidating yearlings about one […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

By ,
For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Fed market supports feeder complex

Strength in loonie tempers market upside

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For the week ending Saturday, western Canadian yearlings over 800 lbs. were relatively unchanged. Feeder cattle in the range of 600-700 lbs. were up $4-$8/cwt. The market was hard to define for feeder cattle under 600 lbs. due to limited numbers. Prices for quality calves were unchanged from seven days earlier while straggler types were […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: 800-lb. steers touch $300/cwt mark

Nearby cash market at odds with futures

By ,
For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more

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