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Tag Archives Jerry Klassen

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle demand surges

Cow-calf producers already thinking spring

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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
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Finishers, Livestock, Markets

Klassen: Cold weather slows feeder cattle market activity

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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
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market bounces on optimistic outlook

Feed barley remains near historical highs

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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
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

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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
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Higher feed grain prices continue to pressure feeders

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Compared to mid-December, western Canadian yearlings traded $3-$5 lower; mid-weight calves are down $4-$6 while calves under 550 lbs. remained firm. Buyers exhibited a defensive tone on heavier yearlings and discounts were more severe on fleshier cattle last week. There is absolutely no risk appetite for 850-plus-lb. cattle at this time of year. Demand for […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

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The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] Read more

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