Feedlot operators continue to pull in the reins on replacement cattle purchases because another month-end budget for the bank does not look healthy. Alberta sales barns experienced a soft tone, […] Read more
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Tag Archives beef prices
Klassen: Feeder market experiences defensive tone
Klassen: Feeders still vulnerable in financial market turbulence
Western Canadian feeder cattle prices experienced a defensive tone over the past week. Cattleman had their eyes glued to the equity market meltdown, which enhanced fears the fed cattle market […] Read more
Klassen: Uncertainty causes feeder market volatility
Western Canadian feeder cattle prices traded steady to as much as $10 lower compared to week-ago levels. Feedlot hands are contending with adverse winter conditions and cattle travelling farther distances […] Read more
U.S. livestock: Beef price rebound pulls CME live cattle higher
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts finished moderately higher on Wednesday, helped by short-covering following the day’s turnaround in wholesale beef values, traders said. February live […] Read more
Klassen: Feeder cattle jump on renewed buying interest
During the first full week of January, western Canadian feeder cattle traded $10-$15 higher compared to late December. In some cases, calves under 600 lbs. were $15-$20 higher. Strength in […] Read more
Cargill’s Q2 profit drops amid commodities slump
Chicago | Reuters –– Slumping commodities prices and weak demand in some markets took their toll on profits for global commodities trader Cargill in the quarter ending Nov. 30, sending […] Read more
Klassen: Fed cattle bounce stabilizes feeders
Alberta fed cattle prices jumped to three-month highs, reaching $174 over the past week, setting a positive tone for feeders to start off the New Year. Retailers appear to be […] Read more
Wintry blast cuts both ways in U.S. cattle country
Chicago | Reuters — A major winter storm rolling across the U.S. Plains on Monday disrupted transportation of cattle to beef packing plants in sections of the region, said experts. […] Read more
Klassen: Feeder cattle market grinds lower
Western Canadian feeder cattle prices ended the year on a soft tone, trading $5-$10 below week-ago levels; fleshier unweaned calves were down $10 to $15 because adverse weather plagued much […] Read more
Klassen: Feeder cattle market falls sharply
Western Canadian feeder cattle prices experienced a week-over-week decline of $12-$15 on average, with fleshier unweaned calves trading down $20-$25. Major feedlot operators reined in buying interest across the Prairies […] Read more
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