(Photo courtesy Canada Beef Inc.)

Klassen: Yearling price trend stalls while calves ratchet higher

Larger players aggressively securing lightweight calves on expectations of low yearling supplies

Western Canadian feedlots are carrying sufficient numbers for the time being and feeding margins remain deep in red ink on unhedged cattle. Secondly, carcass weights are sharply above year-ago levels and Alberta finishing lots are backed up with market-ready supplies.