For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
Tag Archives yearlings — page 6
Klassen: Feeder rally stalls
Klassen: Western Canadian yearling prices hit fresh record highs
The year-over-year decline in last year’s calf crop has caused the market to set new records. Larger finishing feedlots are setting the price structure as many of these lots have seasonal low inventory. The quality of yearlings coming off grass is excellent with buyers shopping for feed efficiencies.
Klassen: Feeder market leaps higher
For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
Klassen: Buyers tasting feeder cattle prices for fall run
For the week ending July 2, Western Canadian yearling prices were steady to $5 higher compared to seven days earlier for larger packages. Small groups of 800-pound-plus cattle were $10 to $15 discounted to pen-sized lots. Calf markets were relatively unchanged from the prior week, although volume was limited. There is significant open demand for yearlings and finishing feedlot operators are watching how prices develop.
Klassen: Calves remain firm while yearlings falter
Compared to last week, western Canadian yearling markets traded $3-$5 lower while calves and grassers traded within $5 on either side of unchanged. Calves were extremely variable with similar weight cattle sometimes trading $6-$8 apart at the same sale. Supplies of calves coming on the market appear to be lower than last year. This may […] Read more
Klassen: Feeder cattle market recovers
Compared to last week, western Canadian yearling markets traded $4-$6 higher on average; some packages in Alberta sold $8 to as much as $10 above week-ago levels. Larger feedlot operations were very aggressive on 750- to 900-pounders. The quality of yearlings is excellent at this time of year. Comments from the front row suggest most […] Read more
Klassen: Feeder prices ratchet higher
Compared to last week, western Canadian yearling markets traded $3-$5 higher on average; however, there were a few feature sales quoted $8 to as much as $10 above week-ago levels. Finishing feedlots were fairly aggressive on backgrounded cattle, which was the main source of yearlings last week. Early grassers are starting to come on the […] Read more
Klassen: Rising feed grains weigh on feeder market
Compared to the previous week, western Canadian feeder cattle markets traded steady to $3 lower over the past week. In some cases, calves were down $4 to as much as $6. Rising feed grain costs weighed on the overall feeder complex. Feed barley in southern Alberta traded in the range of $265-$275 per tonne delivered, […] Read more
Klassen: Feeder market continues to soften
Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more
Klassen: Feeder cattle rally loses steam
Compared to last week, western Canadian yearlings traded $2-$5 lower while calves were solidly $3 to as much as $8 lower. There’s a limit how far the cash trade can divorce from the futures market. November feeder cattle futures have dropped $12 from contract highs and there is no sign that this slide is over; […] Read more
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