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U.S. continues with lower beef production
Cattleman’s Corner, Livestock, Markets

U.S. continues with lower beef production

Market Update: Feeder market is sending signals to increase heifer retention and herd expansion

By
During the second week of January, Alberta packers were buying fed cattle on a dressed basis at an average price of $312/cwt delivered, up $8-$10/cwt from mid-December. The backlog of market-ready supplies is slowly being alleviated, which has caused the fed cattle basis to strengthen.  Western Canadian carcass weights are now below year-ago levels. Wholesale […] Read more
Alberta fed cattle basis levels have been quite strong for the second quarter of 2023.
Cattleman’s Corner, Livestock, Markets

Feeder cattle sales are all about timing

Market Update: It’s important to have some choice when marketing calves

By
I receive many calls from cow-calf producers regarding the timing of feeder cattle sales. Ranchers often feel they are at the mercy of the market. Cow-calf producers often feel they have no control on their marketing schedule. Many producers sell at the same time every year because that was the marketing strategy for their parents […] Read more
The U.S. beef cow slaughter is projected to reach up to 3.900 million head, up from 2021.
Beef Cattle, Cattleman’s Corner, Markets

Cow-calf producers have opportunity for expansion

Calf prices expected to remain strong for at least two years, and perhaps three

By
Throughout the fall, I received many inquiries from cow-calf producers regarding herd expansion. During the latter half of November, good bred cows and higher-quality bred heifers were trading in the range of $1,800-$2,200 in central and southern Alberta. Younger cow-calf pairs were selling in the range of $1,600-$2,100 in the same regions. With current prices […] Read more
Photo: iStock/Getty Images
General, Markets, Reuters

Mintec acquires Agribriefing to expand agrifood data offering

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Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
While the fed cattle market has held value, the feeder market has come under pressure.
Beef Cattle, Cattleman’s Corner, Markets

Prairie feeder outlook bullish in the long term

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

By
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: Canada Beef
Beef Cattle, Finishers, Livestock, Markets

Klassen: Feeder cattle market experiences weather volatility 

By ,
Compared to last week, Western Canadian yearling prices traded $3 to $4 on either side of side of unchanged while calves traded $5 lower to as much as $6 higher. The calf market tends to experience a seasonal bounce every November. In certain cases, buyers appeared to step forward more aggressively last week in anticipation […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Livestock, Markets

Klassen: Alberta feedlot backlog limits demand for feeder cattle 

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Compared to last week, Western Canadian yearling prices traded steady to $2 lower on average while calf markets were down $3 to $5. Feedlots in Alberta and Saskatchewan are backed up with significant numbers of market ready fed cattle which has set a negative tone for replacement cattle. Carcass weights are nearing historical highs. Barley […] Read more
The cattle market will move through a transition phase in the fourth quarter of 2022.
Beef Cattle, Cattleman’s Corner, Markets

U.S. cattle herd continues to contract

Market Update: Lower feed grain prices this fall will improve feeder margins

By
During the first half of August, Alberta packers were buying fed cattle on a live basis in the range of $173-$176 FOB the feedlot in southern Alberta. Fed cattle prices have been relatively flat over the past month as the U.S. market contends with a sizeable year-over-year increase in fed cattle supplies. Alberta basis levels […] Read more
Cattleman’s Corner, Livestock, Markets

U.S. beef herd contraction confirmed

Market Update with Jerry Klassen: Now is a good time for western ranchers to be buying bred cows and cow-calf pairs

By
During the first week of February, Alberta packers were buying fed cattle on a dressed basis in the range of $260-$270 delivered. Live prices were quoted from $160-$162 FOB the feedlot. Western Canada is contending with a backlog of market-ready supplies due to the sharp year-over-year increase in feedlot placements in the latter half of […] Read more

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