No bright lights ahead in beef market

Market Update with Jerry Klassen

The fed and feeder cattle market have many fundamental factors to digest over the next few months. Alberta packers were buying fed cattle near $169 in late October, which is down from the late spring highs of $204. Breakeven values on pen closeouts are in the range of $195 to $198 so in the best-case […] Read more




(Photo courtesy Canada Beef Inc.)

Klassen: Live cattle futures lead feeder market higher

Western Canadian feeder cattle prices continued to climb last week for the second week in a row, as feedlot buying interest absorbed larger available supplies. Calves over 600 lbs. and yearlings were $3-$6 above week-ago levels on average while calves under 600 lbs. traded $5-$10 higher. Weakness in the Canadian dollar enhanced demand from south […] Read more






(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market remains under pressure

Western Canadian feeder cattle prices traded $3 to $7 lower in comparison to week-ago levels as the market continues to digest the weaker fed market and softer wholesale beef values. Feedlot operators were more cautious, realizing the current prices don’t pencil profitably, while the deferred live cattle futures dropped like a power window. Financial risk […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market momentum eases

The upward momentum in the feeder cattle complex appears to have subsided over the past week. Western Canadian prices were relatively stable with week-ago levels but there were cases of quality yearling packages (800-plus lbs.) trading $2 to $4 higher. Excellent pasture conditions and optimal weather have delayed feature sales this year in the eastern […] Read more