Jerry Klassen Archives - Page 22 of 29

CME May 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Feeder market remains volatile

Feed grain values remain firm

By Jerry Klassen, GFM Network News March 24, 2021

Last week, western Canadian yearling markets were traded $2-$4 above week-ago levels from Monday through Wednesday; however, buyers backed away from the market on Thursday and Friday as feeder cattle futures fell nearly $7 from Wednesday’s high. By the end of the week, yearlings were relatively unchanged from week-ago levels. Calf prices were relatively flat […] Read more

Finishers, Livestock, Markets

Klassen: Deferred live cattle futures pull feeder market higher

By Jerry Klassen, GFM Network News March 9, 2021

Compared to last week, western Canadian yearling markets traded $5 lower to $3 higher while calves under 600 lbs. were $2 to as much as $7 higher. Yearlings were somewhat sluggish in the eastern Prairie regions, as feedlot operators in Alberta focused on local cattle. Fleshier backgrounded cattle are coming on the market at this […] Read more

Finishers, Livestock, Markets

Klassen: Steady demand supports feeder cattle prices

By Jerry Klassen, GFM Network News March 2, 2021

Compared to last week, western Canadian yearling prices were unchanged while calves were steady to $2 higher on average. Auction barns received larger supplies of backgrounded cattle and there was a fair amount of direct trade of yearlings off farm. Larger supplies of heavier-weight feeders appeared to limit the upside but there was no slippage. […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle demand surges

Cow-calf producers already thinking spring

By Jerry Klassen, GFM Network News February 23, 2021

Compared to last week, western Canadian yearlings sold $3-$5 higher while calves traded $6 to as much as $10 higher. The return of moderate temperatures enhanced buying enthusiasm across the Prairies. Strength in deferred live cattle futures appeared to offset strong feed grain values. Yearling prices were rather soft through January and the first half […] Read more

Finishers, Livestock, Markets

Klassen: Cold weather slows feeder cattle market activity

By Jerry Klassen, GFM Network News February 16, 2021

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Extreme temperatures blanketed Western Canada last week. Many auction barns cancelled sales or had limited numbers on offer. Buyers attended sales either in person or via the internet, which was supportive to the overall price structure. Many backgrounders and cow-calf producers delayed sales […] Read more

Finishers, Livestock, Markets

Klassen: Lower U.S. calf crop spurs buying interest

By Jerry Klassen, GFM Network News February 9, 2021

Compared to last week, western Canadian yearling markets traded steady to $2 higher; calves in the range of 550-800 lbs. were up $2-$4; and calves under 550 lbs. surged $4-$8 on average. Certain auction barns reported that grassers traded $8-$12 above week-ago levels. Colder temperatures caused some sellers to delay sales; however, there was no […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market bounces on optimistic outlook

Feed barley remains near historical highs

By Jerry Klassen, GFM Network News February 2, 2021

Compared to last week, western Canadian yearling prices traded $2-$4 higher; prices for mid-weight calves were quoted $4-$8 above week-ago levels. Calves under 550 lbs. traded $6 to as much as $10 higher compared to seven days earlier. Improving feedlot margins were the main factor driving the feeder market. June and August live cattle futures […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle demand improving

By Jerry Klassen, GFM Network News January 26, 2021

The feeder market received a shot of adrenaline last week as corn futures came under pressure while live cattle futures surged. During the first half of the week, western Canadian yearlings were quite sluggish and calf prices steady to $3 lower compared to seven days earlier. Some yearling packages moving direct off-farm in certain areas […] Read more

Barley prices, and feed grains in general are expected to remain strong or high going into 2021, which can be a good or bad thing depending on which side of the feed bunk you are standing on.

Cattleman’s Corner, Feed markets, Markets

Strong barley prices will continue in 2021

Market Update with Jerry Klassen: Weather-related impacts and greater demand are key factors

By Jerry Klassen January 21, 2021

I’ve received many inquiries from cattle producers regarding the feed barley outlook for the remainder of the 2020-21 crop year. Barley prices have rallied nearly $80 per metric tonne (mt) from the harvest lows. There is an old saying among commodity traders that markets are understood looking backwards but have to be traded looking forward. […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle market in price-discovery phase

By Jerry Klassen, GFM Network News January 19, 2021

Compared to last week, Alberta feeder cattle markets were relatively unchanged while Manitoba and Saskatchewan prices were down $2 to as much as $5 in some cases. Alberta packers were buying fed cattle on a dressed basis in the range of $248-$250, up $4-$5 from last week. Strength in the fed cattle market spilt over […] Read more

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

GFM Network News

U.S. livestock: Cattle futures hit new highs on resilient consumer demand

Corteva raises annual profit forecast after strong first-half performance

U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds

Tag Archives Jerry Klassen

Klassen: Feeder market remains volatile

Klassen: Deferred live cattle futures pull feeder market higher

Klassen: Steady demand supports feeder cattle prices

Klassen: Feeder cattle demand surges

Klassen: Cold weather slows feeder cattle market activity

Klassen: Lower U.S. calf crop spurs buying interest

Klassen: Feeder market bounces on optimistic outlook

Klassen: Feeder cattle demand improving

Strong barley prices will continue in 2021

Klassen: Feeder cattle market in price-discovery phase

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