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Tag Archives fed cattle — page 33

(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle demand softens

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Compared to last week, western Canadian yearling prices were $2-$4 lower on average while calves were down $3-$5 depending on the region. Weakness in the fed cattle market continues to spill over into the feeder complex, as margins drift further into red ink. Alberta packers were buying fed cattle in the range of $245-$246 delivered […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market finds support

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Compared to last week, western Canadian yearling markets traded steady to $2 lower while calves traded $3 higher to as much as $8 lower. Adverse weather across much of the U.S. Midwest set a negative tone on both sides of the border. U.S. feeder cattle markets were down US$3-$6 from seven days earlier. Corn futures […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market continues to soften

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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)
Livestock, Markets

Klassen: Feeder cattle rally loses steam

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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
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market incorporates risk premium

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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
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market balancing many variables

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Compared to last week, western Canadian yearling markets traded steady to $3 higher while calves were $4 lower to $5 higher depending on the region. Weakness in the live and feeder cattle futures contributed to the variable price structure; however, Alberta packers were buying fed cattle in the range of $268-$270 on a dressed basis, […] Read more
CME May 2019 feeder cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets

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

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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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