Articles by Jerry Klassen | Manitoba Co-operator

Klassen: Higher feed grain prices continue to pressure feeders

Compared to mid-December, western Canadian yearlings traded $3-$5 lower; mid-weight calves are down $4-$6 while calves under 550 lbs. remained firm. Buyers exhibited a defensive tone on heavier yearlings and discounts were more severe on fleshier cattle last week. There is absolutely no risk appetite for 850-plus-lb. cattle at this time of year. Demand for

Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

By GFM Network News, Jerry Klassen January 5, 2021

The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the

Beef cattle, Livestock, Markets

Klassen: Lighter calves end year on positive tone

By GFM Network News, Jerry Klassen December 29, 2020

Compared to last week, Western Canadian feeder cattle prices were $2 lower to $3 higher depending on the region. Many auction markets were in holiday mode last week and thinner volumes made the market harder to define. Generally speaking, the market was supported by stronger deferred live cattle futures and a slightly weaker Canadian dollar;

Beef cattle, Livestock, Markets

Klassen: Fed cattle prices supporting calf market

By GFM Network News, Jerry Klassen December 22, 2020

Alberta packers were buying fed cattle in the range of $139 to $140 last week, up $1 to $2 from seven days earlier. Strength in the nearby fed cattle market along with the recent rally in the live cattle futures has been supportive for calves under 600 pounds. Compared to last week, Western Canadian yearling

Beef cattle, Livestock, Markets

Klassen: Feeder cattle market volatility continues

By GFM Network News, Jerry Klassen December 16, 2020

Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). Fed and feeder cattle futures

Beef cattle, Livestock, Markets

Klassen: Feeder market takes direction from live cattle futures

By GFM Network News, Jerry Klassen December 8, 2020

Compared to last week, western Canadian yearling markets traded steady to $4 lower; midweight calves traded $3 lower to $3 higher and calves under 550 lbs. were relatively unchanged. Yearling supplies are limited at this time of year but demand is also hard to find. These cattle will come on the fed market during the

Livestock, Markets

Klassen: Feeder market stabilizes on demand hopes

By GFM Network News, Jerry Klassen December 1, 2020

Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier; however, market reports were quite variable depending on the region and weight category. In most cases, prices for calves under 550 lbs. were $2 to as much as $10 higher while values in the heavier weight categories were $3 lower to $3

Livestock, Markets

Klassen: Feeder market incorporates risk discount

By GFM Network News, Jerry Klassen November 24, 2020

Compared to last week, western Canadian yearling prices were unchanged; however, calves weighing 550 to 800 lbs. traded $3-$5 lower. The market for calves under 550 lbs. traded $5 lower to $3 higher. Early in the week, prices were showing some strength in the lighter weight categories but buying enthusiasm waned from Wednesday through Friday.

Livestock, Markets

Klassen: Calf prices ratcheting higher

By GFM Network News, Jerry Klassen November 18, 2020

Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; mid-weight calves were also unchanged while lighter calves traded steady to as much as $6 higher. Alberta and Saskatchewan have experienced adverse weather over the past couple of weeks; however, feedlots in southern Alberta appeared to be more aggressive for

Livestock, Markets

Klassen: Feeder market experiencing bottoming behaviour

By GFM Network News, Jerry Klassen November 10, 2020

Compared to last week, western Canadian yearling prices were down $4-$6 on average; however, mid-weight and lighter calves traded $4 lower to as much as $8 higher. The market was extremely variable for calves. Early in the week, prices in the Lethbridge area were actually $10 above values from seven days earlier but this faded

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Author Archives Jerry Klassen

Klassen: Higher feed grain prices continue to pressure feeders

Klassen: Feeder cattle prices digesting uncertainty

Klassen: Lighter calves end year on positive tone

Klassen: Fed cattle prices supporting calf market

Klassen: Feeder cattle market volatility continues

Klassen: Feeder market takes direction from live cattle futures

Klassen: Feeder market stabilizes on demand hopes

Klassen: Feeder market incorporates risk discount

Klassen: Calf prices ratcheting higher

Klassen: Feeder market experiencing bottoming behaviour

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