MarketsFarm — While not as widespread as last year’s historic drought, some parts of Alberta are still struggling with hot and dry conditions. Suzanne Leclerc, owner of Market Master Ltd. in Edmonton, said growing conditions for feed grains across the province are varied. “As usual for the last couple of years, such a mixed review,” […] Read more
Tag Archives Feedlot
Feed weekly outlook: Prices lower despite mixed growing conditions
Klassen: Alberta yearling market makes fresh 52-week high
The western Canadian feeder cattle market is in price discovery mode. There was a light test of yearlings and calves this past week, with prices setting fresh 52-week highs. New-crop supplies of grass cattle are coming on the market from drier pockets of Alberta. At the same time, regular feedlot backgrounded replacements are trading at […] Read more
Klassen: Feeder cattle market adjusts for lower barley prices
Compared to last week, western Canadian yearling prices climbed $2-$4 on average. Calf markets were unchanged. For the second week in a row, the market was hard to define due to limited numbers on offer. Small packages under five head and single stragglers were common. Larger groups of green thin yearlings were well bid by […] Read more
Feed weekly outlook: Grain prices coming down
MarketsFarm — As futures prices fall back, those for feed have been following, according to Jenny Redshaw, a trader with Agfinity at Stony Plain, Alta. “There are lots of things going on,” she said, noting demand has been somewhat lacklustre. “The feedlots aren’t breaking down any doors,” she added. With prices down across the board […] Read more
Klassen: Negative feeding margins temper strength in feeder market
Compared to last week, western Canadian yearlings weighing over 800 lbs. traded steady to $2 lower on average. Feeder cattle under 800 lbs. were relatively unchanged. Alberta packers were buying fed cattle on a dressed basis at an average price of $288 delivered, down from the range of $288-$290 seven days earlier. Using a 60 […] Read more
Klassen: Steady demand supports feeder cattle prices
Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Weakness in deferred live cattle futures and uncertainty in the feed grain market tempered the upside for all weight categories of replacement cattle. Alberta packers were buying fed cattle on a dressed basis in the range of $288-$290 delivered, steady to $2 lower […] Read more
Klassen: Canadian feeder market divorces from feeder cattle futures
Timing of new-crop feed grains leads to shift
Compared to last week western Canadian yearling markets traded $3-$4 on either side of unchanged. The quality was quite variable resulting in the wide price structure; however, decent genetic and lower flesh packages were red hot. Feedlot operators were extremely aggressive on 700- to 800-lb. steers although higher weight categories were also well bid. Auction […] Read more
Klassen: Feedlot demand up prior to seasonal rally
Market for calves 'boiling hot' in Manitoba
For the week ending April 30, western Canadian feeder cattle prices were quite variable. Yearlings traded $8 lower as much as $5 higher. Severe discounts were noted on fleshier cattle; some auction barns reported the bulk of cattle over 800 pounds were medium to heavier flesh. Deferred live cattle futures were under pressure but the […] Read more
Klassen: Feeder cattle market experiences volatility
Compared to last week, western Canadian yearling markets traded $2 higher to as much as $5 lower depending on the region. Mid-weight calves weighing 650-800 lbs. were relatively unchanged while lighter weight calves were steady to $3 higher on average. June live cattle are off $9 from their mid-February highs while the December 2022 live […] Read more
Klassen: Surge in feed grain prices shocks feeder cattle market
Compared to last week, western Canadian yearling markets traded $3-$5 lower on average. Feeder cattle weighing 650 to 800 lbs. were relatively unchanged to $3 lower. Calves under 650 lbs. were steady to $4-$6 lower in Alberta, unchanged in Saskatchewan and $3-$5 higher in Manitoba. Fleshier yearlings and calves were heavily discounted last week with […] Read more
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