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CME May 2023 feeder cattle (candlesticks) with 20-day moving average and CME March 2023 feeder cattle (brown O/H/L/C). (Barchart)
Finishers, Livestock, Markets

Klassen: Canadian feeder market rationing demand

Demand from Ontario remains aggressive

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Compared to last week, western Canadian yearling prices were up $4-$6 while calf markets traded $6 to as much as $10 above week-ago levels. May feeder cattle futures are trading at a $8 premium to the nearby March contract. The carrying charge in the futures market has encouraged buyers to step forward sooner rather than […] Read more
The nutritional requirements of calved-out first-calf heifers is much different than that of mature cows, yet the feed needs to be presented into a denser post-calving diet due to the heifers’ smaller dry matter intake (DMI) and lower forage gut-capacity.
Cattleman’s Corner, Cow-Calf, Livestock

First-calf heifers need to be prepared for rebreeding

They need to calve in good condition and then be kept in good condition as they also continue to grow and nurse a calf

By
It’s easy to envision beef heifers that give birth to their first calf only as a younger version of mature brood cows. However, they do have extra challenges after calving that must be addressed to get rebred in the next few months. As young animals, giving birth for the first time and nursing a newborn […] Read more
Photo: Canada Beef
Finishers, Livestock, Markets

Klassen: Feeder market percolates higher amid finicky buyers

Ontario feedlots bring demand for West's calves

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Compared to last week, western Canadian feeder cattle markets traded steady to $4 higher on average. Certain pockets in Manitoba and eastern Saskatchewan had steer calves up $4-$8 from week-ago levels. Alberta values were relatively unchanged from seven days earlier on all weight categories. Steady demand was noted from Ontario feedlots for calves while Alberta […] Read more
(WPohlDesign/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market’s upward trend continues

Manitoba, Saskatchewan see limited gains

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Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
(PBouman/iStock/Getty Images)
Finishers, Livestock, Markets

Klassen: Feeder market price discovery continues

Ontario buying interest leading Prairie market

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In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder market looks upward

Quality of available cattle contributes to volatility

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Western Canadian feeder cattle prices were quite variable. Compared to three weeks ago, Alberta prices were steady to $2/cwt higher while in Saskatchewan, prices were $8-$10/cwt higher on average with lighter-weight cattle jumping as much as $15. For example, in central Alberta, higher-quality 800-lb. steers were trading from $230 to $235 and 600-pounders were valued […] Read more
CME April 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Historically high deferred live cattle futures support feeder complex

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Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
CME August 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Finishers, Livestock, Markets

Klassen: Stronger deferred live cattle support feeder market

Cow-calf operators seen hesitant to expand

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Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle market experiences diverse price behaviour

Manitoba calves hold a premium over Sask., Alta.

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Compared to last week, western Canadian yearling markets traded steady to $2 higher while calf prices were unchanged to $4 lower. Yearling supplies are limited and there appeared to be a surge of buying interest for 850-lb. thin-fleshed replacements. Alberta fed cattle basis levels for the second quarter of 2023 have above average and the […] Read more

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