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
Tag Archives yearlings — page 7
Klassen: Feeder cattle rally loses steam
Klassen: Feeder market incorporates risk premium
Fed and feeder cattle markets have incorporated a risk premium due to the uncertainty in beef production. Adverse weather has plagued much of the U.S. Midwest over the past couple of months and the six- to 10-day forecast calls for above-normal precipitation. Compared to last week, western Canadian yearling markets traded $2-$3 higher on average […] Read more
Klassen: Feeder market incorporates risk premium following U.S. floods
Compared to the previous week, western Canadian feeder cattle sold steady to $4 higher the week ending March 23. Favourable spring weather enhanced demand for yearlings from major finishing operations; Lethbridge-area markets were notably $3-$5 higher as feedlots focused on local cattle. While feeding margins remain in negative territory, strength in the deferred live cattle […] Read more
Klassen: Feeder market sends mixed signals
Compared to last week, western Canadian yearling markets were steady to $4 lower while calves were steady to $2 higher. Barley prices have jumped $3-$6 per tonne over the past week, with winter conditions hindering off-farm logistics. Alberta packers were buying fed cattle in the range of $149-$150 last week; however, in Nebraska, fed cattle […] Read more
Klassen: Fed cattle weakness pressures yearlings
Compared to last week, western Canadian yearlings and calves over 700 lbs. traded steady to $3 lower on average. Weakness in the fed cattle market weighed on the heavier replacements. Alberta packers were buying fed cattle at $155 on a live basis, down $7 from the highs seven days earlier. Barley prices were up $3-$5 […] Read more
Klassen: Fed cattle market lifts feeder prices
Compared to last week, western Canadian feeder cattle markets traded $4 on either side of unchanged. Early in the week, the market was rather sluggish but a fortuitous bounce in the live cattle futures quickly spilled over into the feeder complex. Yearlings and heavier calves ended the week $2 to $4 higher. Feeding margins are […] Read more
Klassen: Feeder market bounces off recent lows
Compared to last week, yearlings traded $5 to as much as $10 higher while calf markets strengthened by $4-$8. Southern Alberta experienced winds of extreme nature over the past few weeks, which caused buyers to shy away from the market; however, with year-end right around the corner, pent-up demand stepped forward with a vengeance in […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, Western Canadian yearling prices were $2 to $3 lower on average. Feedlots were more aggressive on replacements that will finish for the March April fed cattle market. April live cattle futures continue to trade at a $8 premium to the June contract so lighter yearlings were discounted accordingly. The quality was […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, Western Canadian feeder cattle markets traded $2 to as much as $5 lower. Feedlot margins have come under pressure over the past week which resulted in lower bids for all weight categories. Alberta and Saskatchewan feedlot inventories are running 18 to 20 per cent above year-ago levels. Pen space is at […] Read more
Klassen: Feeder cattle market volatility continues
Compared to last week, Western Canadian yearlings sold $4 to $6 lower while calves were extremely variable dropping $4 to as much as $10 in some cases. Many auction barns held feature sales last week and larger supplies weighed on the market. Weakness in the deferred live cattle futures also contributed to the softer tone. Feeder […] Read more
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