While the fed cattle market has held value, the feeder market has come under pressure.

Prairie feeder outlook bullish in the long term

Market Update with Jerry Klassen: Prices are encouraging many Canadian producers to keep replacement heifers

During the first half of October, Alberta packers were buying fed cattle on a dressed basis in the range of $300-$305 delivered. Using a 60 per cent grading, this would equate to $180-$183/cwt on a live basis. For March and April delivery, Alberta packers have been forward contracting in the range of $345-$350 cwt on […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Looming corn imports to keep lid on Prairie barley

MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more


CME August 2023 live cattle (candlesticks) beneath CME December 2023 live cattle (top line),  The spread between the two has been influencing the price structure for calves, Jerry Klassen writes. (Barchart)

Klassen: Stronger deferred live cattle futures support feeder market

Fall run seen moving into final stages

Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME live cattle up on firm cash, speculative buying

February lean hogs end lower

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) hit the highest in nearly three weeks on Friday, supported by firm cash cattle markets and what appeared to be speculative buying, analysts said. Most-active CME February live cattle futures settled up 0.45 cent at 155.85 cents/lb. after reaching 156.125 cents, the […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: More corn, oats in feed rations

'Very weird situation to be seeing again'

MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more

(WPohlDesign/iStock/Getty Images)

Klassen: Tighter supplies underpin western Canadian feeder market

Weather conditions may sway buying interest

Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Heavier calves notched a week-over-week gain of $2-$4. Mid-weight and lighter calves traded steady to $5 lower in Alberta but $4-$5 on either side of unchanged in Saskatchewan and Manitoba. Yearling numbers were limited and buyers paid up for quality packages while […] Read more





File photo of cattle on feed near Champion, Alta., about 75 km north of Lethbridge. (James_Gabbert/iStock/Getty Images)

Klassen: Uncertain fed cattle market weighs on feeder cattle

U.S. feeder demand seen relatively sluggish

Compared to last week, western Canadian yearlings (900 lbs. and over) appeared to trade $6-$8 lower on average; yearlings weighing 800-900 lbs. off grass were unchanged. Backgrounded yearlings were also $6-$8 lower. Mid-weight calves were unchanged but calves under 600 lbs. were $3 to as much as $10 lower in some cases. Feedlot operators pulled […] Read more