Compared to last week, western Canadian yearlings over 800 lbs. jumped $4 to as much as $10 in some cases. Steers in the 700- to 800-lb. category appeared to be up $10-$12 while similar-weight heifers were up $8-$10. Calves under 700 lbs. were up $10-$20. The feeder market was hard to define in some cases. […] Read more
Tag Archives cattle prices
Klassen: Feeder market factors in lower barley prices
Strength in deferred live cattle futures also supportive
Klassen: Uncertain fed cattle market weighs on feeder cattle
U.S. feeder demand seen relatively sluggish
Compared to last week, western Canadian yearlings (900 lbs. and over) appeared to trade $6-$8 lower on average; yearlings weighing 800-900 lbs. off grass were unchanged. Backgrounded yearlings were also $6-$8 lower. Mid-weight calves were unchanged but calves under 600 lbs. were $3 to as much as $10 lower in some cases. Feedlot operators pulled […] Read more
Klassen: Feedlots value feeders on finished cattle price projections
Compared to the week ending March 2, western Canadian yearling prices were $3-$5 lower on average. Mid-weight replacements in the range of 650-800 lbs. were down $8-$12. Steer calves under 650 lbs. traded steady to $5 lower. Heifer calves under 650 lbs. were also down $8-$12. The market was hard to define for heifer calves […] Read more
Klassen: Steady fed cattle market supports feeder complex
Compared to last week, western Canadian yearling prices were $2-$4 higher on average while calves were steady to as much as $5 higher. Alberta packers were buying fed cattle on a dressed basis in the range of $273-$275 delivered; live prices were quoted at $161 f.o.b. the feedlot. There is a severe backlog of market-ready […] Read more
Klassen: Optimistic fed cattle outlook supports feeder market
Compared to last week, western Canadian feeder cattle markets traded $2-$4 higher. Strong demand was noted on yearlings, which spilt over into the lighter weight categories. Major feedlot operators in Alberta set the price structure, with aggressive orders flowing across the Prairies. Some operators have been holding back on purchases due to higher prices; however, […] Read more
Klassen: Yearlings hold value while calves remain under pressure
Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more
Klassen: Feeder market bounces on optimistic outlook
Feed barley remains near historical highs
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
Klassen: Feeder cattle market in price-discovery phase
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
Klassen: Feeder cattle prices digesting uncertainty
Defensive tone likely through January
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
Klassen: Feeder market grinds lower
'Is there no grain in this country?'
Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more