steers Archives - Page 10 of 17

CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

Klassen: Feeder cattle market remains volatile

By Jerry Klassen, GFM Network News September 24, 2019

Western Canadian yearling markets appeared to stabilize after coming under pressure earlier in the month. Compared to last week, yearling prices were unchanged to $4 higher on average while calf markets traded $2-$3 on either side of unchanged. Major feedlots were more aggressive for 800-plus-lb. cattle as feed grain prices continue to grind lower. Favourable […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle market recovers

By Jerry Klassen, GFM Network News August 27, 2019

Compared to last week, western Canadian yearling markets traded $4-$6 higher on average; some packages in Alberta sold $8 to as much as $10 above week-ago levels. Larger feedlot operations were very aggressive on 750- to 900-pounders. The quality of yearlings is excellent at this time of year. Comments from the front row suggest most […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market enters summer doldrums

By Jerry Klassen, GFM Network News July 1, 2019

Compared to last week, western Canadian feeder cattle markets traded steady to $5 lower on average. Small volumes were available last week, which distorted the price structure. Many feedlot hands will rotate holidays through July; therefore, feedlot operators don’t want to bring in fresh replacements with a skeleton staff. Recent rains across Saskatchewan and Alberta […] Read more

Finishers, Livestock, Markets

Klassen: Rising feed grains weigh on feeder market

By Jerry Klassen, GFM Network News May 28, 2019

Compared to the previous week, western Canadian feeder cattle markets traded steady to $3 lower over the past week. In some cases, calves were down $4 to as much as $6. Rising feed grain costs weighed on the overall feeder complex. Feed barley in southern Alberta traded in the range of $265-$275 per tonne delivered, […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market continues to soften

By Jerry Klassen, GFM Network News May 13, 2019

Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more

CME November 2019 feeder cattle with 20- and 50-day moving averages. (Barchart)

Finishers, Livestock, Markets

Klassen: Feeder cattle rally loses steam

By Jerry Klassen, GFM Network News May 6, 2019

Compared to last week, western Canadian yearlings traded $2-$5 lower while calves were solidly $3 to as much as $8 lower. There’s a limit how far the cash trade can divorce from the futures market. November feeder cattle futures have dropped $12 from contract highs and there is no sign that this slide is over; […] Read more

Finishers, Livestock, Markets

Klassen: Cash feeder market shrugs off lower futures

By Jerry Klassen, GFM Network News April 29, 2019

This past week, Alberta packers were buying fed cattle in the range of $270-$274 on a dressed basis, up $2-$4 from seven days earlier. Strength in the fed cattle market spilt over into the feeder complex as feeding margins moved into positive territory for the first time this year. Compared to last week, western Canadian […] Read more

CME April 2020 live cattle with 20- and 50-day moving averages. (Barchart)

Finishers, Livestock, Markets

Klassen: Feeder market remains volatile

By Jerry Klassen, GFM Network News April 23, 2019

Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. Many auction barns were closed last week and the ones holding sales had smaller numbers. Quality packages of yearlings were on the higher end of the range while smaller groups of fleshier replacements were discounted. Alberta feedlots were focusing […] Read more

Finishers, Livestock, Markets

Klassen: Feeder market incorporates risk premium

By Jerry Klassen, GFM Network News April 9, 2019

Fed and feeder cattle markets have incorporated a risk premium due to the uncertainty in beef production. Adverse weather has plagued much of the U.S. Midwest over the past couple of months and the six- to 10-day forecast calls for above-normal precipitation. Compared to last week, western Canadian yearling markets traded $2-$3 higher on average […] Read more

CME May 2019 feeder cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Finishers, Livestock, Markets

Klassen: Feeder market incorporates risk premium following U.S. floods

By Jerry Klassen, GFM Network News March 29, 2019

Compared to the previous week, western Canadian feeder cattle sold steady to $4 higher the week ending March 23. Favourable spring weather enhanced demand for yearlings from major finishing operations; Lethbridge-area markets were notably $3-$5 higher as feedlots focused on local cattle. While feeding margins remain in negative territory, strength in the deferred live cattle […] Read more

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Tag Archives steers

Klassen: Feeder cattle market remains volatile

Klassen: Feeder cattle market recovers

Klassen: Feeder market enters summer doldrums

Klassen: Rising feed grains weigh on feeder market

Klassen: Feeder market continues to soften

Klassen: Feeder cattle rally loses steam

Klassen: Cash feeder market shrugs off lower futures

Klassen: Feeder market remains volatile

Klassen: Feeder market incorporates risk premium

Klassen: Feeder market incorporates risk premium following U.S. floods

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