Western Canadian feeder cattle prices were relatively unchanged from week-ago levels as extremely cold temperatures hinder market activity. Most auction barns reported small groups of various quality cattle on offer, which made the market hard to define. In the major markets of Alberta such as Lethbridge, there were very few yearlings available. This forced major […] Read more
Tag Archives feedlots — page 32
Klassen: Feeder markets experience lacklustre trade
Feed weekly outlook: Alberta prices see wide range
CNS Canada — A tale of two markets is emerging in Alberta as feed users in the south take advantage of cheap corn trucked in from Manitoba, while users farther north pay higher prices. “As far as Red Deer north goes, it’s quite different than feedlot alley,” said Joseph Billett, general manager of Agfinity in […] Read more
Klassen: Feeder market stabilizes on U.S. inventory data
Compared to last week, western Canadian feeder cattle prices were relatively unchanged but there was a wide variation across the Prairies. Major markets in Alberta traded steady to as much as $5 higher, while Saskatchewan and Manitoba prices were quoted $3 higher to as much as $5 lower. Major finishing operations in Alberta focused on […] Read more
Feed weekly outlook: Demand shifting at Alberta feedlots
CNS Canada — Demand has shifted at Alberta feedlots this year with more forward contracting and less business taking place in the spot market, according to an analyst. “In a lot of years we’ve seen the demand has stayed in the spot market but this year there were more forward purchases that were done by […] Read more
Southern Plains drought slows U.S. cattle herd growth
Chicago | Reuters — Encroaching drought in the U.S. southern Plains contributed to the smallest rise in the nation’s cattle population in three years, analysts said after the government’s semi-annual cattle inventory report on Wednesday. Insufficient moisture in parts of Texas and Oklahoma, along with areas of persistent dryness in the northern Plains, hurt winter […] Read more
Klassen: Feeder market grinds lower
Compared to last week, western Canadian feeder cattle prices traded $4-$6 lower; however, yearlings and heavier calves experienced a week-over-week decline of $4 to as much as $8 with significant weakness noted in the eastern Prairie regions. Finishing feedlots continue to sit on their hands. Order buyers were active on a scale-down basis and surprised […] Read more
Drought lands more cattle into U.S. feedlots than expected
Chicago | Reuters — Ranchers sent nearly one per cent more cattle to U.S. feedlots in December than the same time a year earlier, the U.S. Department of Agriculture reported on Friday. The result topped most analysts’ predictions, mainly led by worsening drought in the U.S. southern Plains that shriveled available winter wheat grazing pasture. […] Read more
Prairie feed barley softens as packers bid up cattle
CNS Canada — Feed barley prices in the Lethbridge area are showing signs of softening as the February lull approaches and warmer weather moves into the province. According to Allan Pirness of Market Place Commodities, both feed barley and feed wheat prices are around the $220 per tonne mark, down a touch from the pre-Christmas […] Read more
Klassen: Fed cattle market leads feeders higher
Alberta packers were buying fed cattle in the range of $280-$282 delivered on a dressed basis, which equates to $168-$171 on a live basis. Yearlings bought last summer are bringing back $150-$180 margin, which has reinforced buying enthusiasm. Western Canadian yearlings traded $3 to as much as $8 above week-ago levels; calves were relatively unchanged […] Read more
Klassen: Feeder market remains firm into 2018
Western Canadian feeder cattle markets experienced limited activity over the past week because most auction barns were closed for the holiday season. There was some reported activity in certain regions such as central Alberta and prices were relatively unchanged from seven days earlier. Frigid temperatures tempered buying activity. Feedlots in the nearby area of the […] Read more
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