Photo: Canada Beef Inc.

Klassen: Feeder market continues to climb

Canadian values appear to be one week behind the U.S. market

For the week ending February 10, Western Canadian the market for yearlings over 800 pounds was $3/cwt to $6/cwt compared to a week earlier. Feeder cattle suited for grass and calves were up $8/cwt to as much as $25/cwt in some cases compared to the week prior. Quality steers averaging 600 pounds were readily trading in the range of $410-$425 up from the range of $380-$395 last week.












Klassen: Positive fed outlook buoys feeder market

Klassen: Positive fed outlook buoys feeder market

Market telling producers to own lighter cattle sooner rather than later

Western Canadian feeder cattle prices for 800-pound plus cattle were $2/cwt to $4/cwt higher on average for the week ending January 27. Feeders in the 500-800-pound category were up $3/cwt to $6/cwt with higher quality groups up as much as $10/cwt in some cases. Feeders 500 pounds and lower were unchanged from seven days earlier.

CME live cattle LEJ24 on Jan. 29 with Bollinger bands. (Barchart)

U.S. livestock: CME cattle futures ease on profit-taking after 2-1/2-month peak

Lean hog futures ended modestly higher; firm cash hog prices lent support

CME April live cattle futures LCJ24 settled down 0.450 cent at 181.225 cents per pound, retreating after rising to 183.450 cents, the contract's highest point since Nov. 7. Last week's firm cash cattle prices and technical buying underpinned the market, traders said.