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Tag Archives cattle markets

Cattleman’s Corner, Livestock, Markets

Cattle market in a transition stage

Market Update with Jerry Klassen: It may take a coronavirus vaccine before beef demand improves

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During the last half of October, Alberta packers were buying fed cattle on a live basis in the range of $134 to $136 f.o.b. the feedlot, which is relatively unchanged from the average price levels in September. At the same time, fed cattle in the U.S. Southern Plains were selling at US$108, up about US$6 […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market digests rising COVID-19 cases

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Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves […] Read more
Finishers, Livestock, Markets

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

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Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more
Cattleman’s Corner, Livestock, Markets

Feeder prices divorce from fed cattle market

It will take time to work through the backlog of market-ready cattle

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During the third week of May, Alberta fed cattle were selling in the range of $150 to $153. However, the backlog of market-ready supplies has caused prices to come under pressure. A month later in the last week of June, Alberta fed cattle prices were averaging $123 on a live basis. During the same period, […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market in summer mode

Set-aside program not having much effect yet on prices

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Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Volumes are quite thin at this time of year, which makes the market hard to define. Steady demand surfaced on quality groups of yearlings and calves, while late stragglers and heavier-flesh feeders were severely discounted. Pasture conditions are favourable across the Prairies and […] Read more
Cattleman’s Corner, Livestock, Markets

Cattle producers facing a pandemic market

Options include being prepared to background steers, keep replacement heifers

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Over the past couple of weeks I’ve received many calls in regards to the market situation for fed and feeder cattle. The conversation usually starts with “What should I do?” This is a very difficult environment, to say the least. The shuttering of one major Alberta beef plant (as of late April) and reduced slaughter […] Read more
Finishers, Livestock, Markets

Klassen: Weaker fed cattle prices weigh on feeder market

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It appears finishing feedlots and cattle buyers are coming to terms with the fact that the COVID-19 pandemic may last longer than earlier anticipated. The “hope” factor that this environment will be short-lived has evaporated. Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $10 lower, with yearlings absorbing […] Read more

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