For the week ending December 21, Western Canadian backgrounded cattle and heavier calves were unchanged to $5 lower on average. Calves in the 600-800 pound range were relatively unchanged while calves under 600 pounds were steady to $10 higher.
Tag Archives markets — page 7
Klassen: Feeder market finishes 2024 on strong tone
Klassen: Feeder market consolidates at higher levels
The market continues to digest the U.S. border closure to Mexican feeder cattle, which is drawing more U.S. demand towards Western Canada. Auction market volumes are declining at this time of year. The quality of cattle was sub-par in some regions which caused prices to be quite variable.
Klassen: Feeder market continues to surge higher
For the week ending December 7, Western Canadian feeder cattle weighing 700 pounds plus traded $10 to $20 higher compared to seven days earlier. Calves under 700 pounds were up $8 to $10 on average. The markets in Manitoba and Eastern Saskatchewan were premium to Alberta in the heavier categories due to stronger U.S. and Ontario buying interest.
Bearish speculative bets rise in canola futures
Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Politics driving trade
The ICE Futures canola market climbed off nearby lows over the week ended Dec. 4, although the correction ran into resistance and values remain at the whim of outside forces.
Prairie forecast: Melting in the west, milder in the east
Forecast issued Dec. 4, covering Dec. 4 to 11, 2024
Things are looking not too bad for those who want to see snow or deep freeze temperatures. As we start this forecast period, a strong area of Arctic high pressure is dropping southeastwards over the eastern Prairies behind the strong area of low pressure that zipped through on Tuesday. Over the western Prairies, the weather models show a strong ridge of high pressure building over B.C. which is expected to transition eastwards.
Klassen: Canadian feeder market jumps on trade disruptions
For the week ending November 29, feeder cattle market reports from Manitoba had prices up $20-$40/cwt from week-ago levels. Prices in Saskatchewan and Alberta were up $10 to $20 on average. The market was hard to define this past week with a wide range prices across Western Canada for similar quality and weight cattle.
Klassen: Upward momentum continues for feeder cattle prices
For the week ending November 23, Western Canadian feeder cattle markets traded $3 to $6 higher with some quality heifer packages up as much as $10 compared to seven days earlier.
Klassen: Feeder market climbs another step
For the week ending November 16, Western Canadian calves over 650 pounds were up $3-$6/cwt compared to seven days earlier. Calves under 650 pounds traded $4/cwt to as much as $10/cwt higher.
Klassen: Strong demand continues to sustain feeder market
The weaker Canadian dollar has enhanced the feeding margin structure on incoming replacement calves and this translated into stronger values on premium genetic packages. Finishing feedlot operators in Alberta and Ontario were fairly aggressive in Manitoba and Saskatchewan markets.
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