Chicago | Reuters –– Cattle movement into U.S. feedlots in November fell 11 per cent from a year ago to their lowest level since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Analysts attributed last month’s much smaller-than-expected placements to deteriorating margins that prompted feedyards to […] Read more
Tag Archives feedlots — page 38
U.S. Nov. feedlot cattle placements slump to record low
Klassen: Feeder cattle stabilize near annual lows
Western Canadian feeder cattle prices traded $5 lower to $5 higher relative to week-ago levels. The market was quite variable across the Prairies, with eastern markets coming under more pressure comparable to southern Alberta. Feedlot operators and backgrounding farmers that were holding back on purchases earlier in the fall were stepping forward more aggressively this […] Read more
Klassen: Weaker fed cattle pressure feeder market
Alan Paton stated when men are ruled by fear, they strive to prevent the very changes that will abate it. The feeder cattle market is contending with a negative round of feeding margins over the next few months, which continues to result in weaker values. Western Canadian feeder cattle prices were generally $3 to $8 […] Read more
Klassen: Feedlots curb buying interest
Despair is the price one pays for setting an impossible aim. Given the phone calls over the past week, producers have been expecting something the market cannot offer. Western Canadian feeder cattle prices were under severe pressure, with 700-plus-pound cattle down $8-$12 from seven days earlier; calves under 700 lbs. traded $4-$8 below week-ago levels. […] Read more
Sept. U.S. feedlot cattle placements near 20-year low
Chicago | Reuters — The number of cattle moved into U.S. feedlots in September fell to its lowest since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Last month’s placement results were nearly in line with analysts’ forecasts, mostly based on the fall in prices for […] Read more
Alta. feed prices hang steady despite swings in quality
CNS Canada –– As harvest winds to a close across the Prairies, some feedlot operators say they’ve noticed more feed barley and feed wheat out there than they initially thought. The quality of the feed varies greatly, with some second-cut wheat being accepted as high-quality with reasonable protein, while other loads arrive with sprouting, bleaching […] Read more
Klassen: Narrow margins weigh on feeder market
Western Canadian feeder cattle prices were under pressure the week ending Sept. 19, trading $5 to as much as $10 lower compared to seven days earlier. Negative feeding margins along with a major selloff in live cattle futures destroyed the buying enthusiasm that was evident earlier in August. Feedlot operators appeared to be in disarray, […] Read more
Lethbridge feed barley prices move upward, watch U.S. corn
CNS Canada — Hot, dry conditions in Alberta and western Saskatchewan are delaying and stressing this year’s barley crop — but action in U.S. corn is now the barley market’s primary driver, according to one expert. “This recent rally in corn has helped barley and feed wheat move higher; we’re in a market driven by […] Read more
Fewer cattle placed in U.S. feedlots in May than anticipated
Chicago | Reuters –– The number of cattle placed in U.S. feedlots last month was lower than anticipated, a government report showed on Friday, reflecting healthy pastures that allowed ranchers to grow livestock longer outside of feedyards, said analysts. Producers retained more heifers to help restore the U.S. cattle herd, now at its third lowest […] Read more
Feed barley feeling ‘downward sag,’ trader says
CNS Canada — Feedlot demand for cash barley is weakening slightly as cattle producers prepare to turn animals loose on pastures, but prices are still hanging in there, according to one participant. “Farmers aren’t really selling a whole lot at these levels,” said Allen Pirness of Market Place Commodities in the feedlot alley near Lethbridge, […] Read more
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