Western Canadian feeder cattle markets continue to consolidate at the higher levels. Most auction markets were closed due to the Canada Day holiday, so all eyes were on focused south of the border for market sentiment. Average U.S. feeder prices were steady to $3 lower at major sales in Oklahoma and Missouri as the U.S. […] Read more
Tag Archives fed cattle
Klassen: Feeder market consolidates
Klassen: Lower grain production weighing on feeder market
Western Canadian feeder cattle prices experienced a mixed tone over the past week, with auction markets reporting prices $3 lower to $3 higher in comparison to seven days earlier. The Prairie region continues to experience above-average temperatures causing significant deterioration to pasture and crops in Alberta and western Saskatchewan. Certain auction markets experienced slightly larger […] Read more
Klassen: Feeder market experiences softer tone
Western Canadian feeder cattle prices experienced a soft tone this past week on very light volumes. It’s that time of year where producers market the “stragglers,” or late bloomers, that were not up to standard earlier in spring. Therefore, the market was difficult to define but the overall sentiment felt malleable with various-quality cattle on […] Read more
Klassen: Drier conditions soften feeder market
Alberta and Saskatchewan feeder cattle prices were $2 to $5 lower on average last week due to rising barley prices and deteriorating pasture conditions. All weight categories were under pressure, with sharper slippage on shorter-keep replacements. Alberta packers were buying fed cattle in the range of $202 to $204, but rising feed grain prices caused […] Read more
Klassen: Feeder market dealing with limited precipitation
Western Canadian feeder cattle prices traded $3 to $5 higher on average over the past week. Wholesale beef prices have come off their highs and appear to be weakening in line with the seasonal tendency. However, Alberta packers were buying fed cattle in the range of $201-$203, basically in line with the market seven days […] Read more
Klassen: Strong beef prices spill over into feeder market
U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more
Klassen: Feeder cattle spurt higher on stronger beef prices
Western Canadian feeder cattle prices were solidly $3 to $5 higher on average this past week compared to seven days earlier. Improved beef demand has drawn down stocks in the production pipeline, allowing packers to increase bids for fed cattle. Alberta packers were buying fed cattle in the range of $201 to $202, up $2 […] Read more
Klassen: Feeder cattle market reflects diverse tone
Western Canadian feeder cattle traded from $4 lower to $3 higher over the past week. Feeders coming on the market at this time of year have various quality features which caused a wide range of prices for similar-weight cattle. Alberta packers were buying fed cattle in the range of $199 to $200, down $2 from […] Read more
Klassen: Rejuvenated interest stabilizes feeder market
After a softer tone during the third week of April, western Canadian feeder cattle values stabilized trading steady to $5 higher on average this past week. Notable gains were noted on cattle under 700 pounds in Manitoba and Saskatchewan, where prices were $3 to as much as $8 higher. Available feeder cattle supplies are starting […] Read more
Klassen: Feeder market’s upward momentum eases
Western Canadian cattle prices were extremely volatile this past week, trading $2 higher to as much as $5 lower in comparison to seven days earlier. The feeder cattle market appeared to stall out at the higher levels, with most auction barns experiencing smaller volumes. Spring-like temperatures and seeding preparation kept the small cattle farmer/producer at […] Read more
Cyber-Savvy Farmer
