This is usually the time of year when renewed optimism surfaces amongst cattle buyers as feedlots are anxiously placing market orders for fresh yearlings and calves. However, general comments from the industry reflect lacklustre buying interest for all categories of replacement cattle. While certain Alberta feeder markets were steady to $2 higher in comparison to
Klassen: Soft feedlot demand limits strength in feeder market
Klassen: Feeder cattle prices firm as volumes increase
The market for feeder cattle is becoming more established now that volumes have increased at most auction markets in Western Canada. Feather-light steer calves under 400 pounds are regularly selling over $200 per hundredweight (cwt); however, heavier replacement cattle, 700 lbs. and heavier, are about $5-$8/cwt higher than year-ago levels. Alberta packers were buying fed
Klassen: Lower feed grains support feeder cattle market
Western Canadian feeder prices were very uneven last week, depending on the region. Barley prices continue to grind lower while feeding margins hover near break-even on current pen closeouts; both factors are the main influences underpinning the feeder market heading into the main fall run. U.S. feeder markets continue to trade near historical highs, which
Klassen: Feeder cattle steady with cautious buyers
Western Canadian feeder cattle values were steady to $2 per hundredweight (cwt) higher in comparison to two weeks earlier. Feedlot managers have a reserved attitude and the market can feel the cautious optimism for the fed market four to five months forward. Beef demand usually slows down during September and fed cattle were slightly softer
Klassen: Stronger wholesale values underpin feeder cattle
Wholesale beef prices have been trading near historical highs, which has supported fed and feeder cattle markets. Beef demand during the summer months has been slightly higher than anticipated, causing the combined weekly slaughter pace in Canada and the U.S. to exceed expectations. Favourable weather across the Midwest and Eastern Seaboard has encouraged barbecues and
Klassen: Feeder cattle climb on barley collapse
Western Canadian feeder cattle prices were generally $2 to $5 pre hundredweight (cwt) higher on average last week as the nearby barley market dropped $15 per tonne. The old-/new-crop barley price inverse finally released and there appears to be more downside risk in the short term, with harvest just around the corner. Alberta packers were
Klassen: Feeder cattle continue rise on weak feedgrains
Western Canadian feeder cattle prices continue to ratchet higher as feedgrain prices come under pressure. While overall auction volumes remain light, demand appears to be fairly aggressive for any larger groups of feeders with quality. U.S. markets continue to lead Canadian values higher trading $2 to $4 per hundredweight (cwt) in comparison to seven days
Klassen – yearling run may start two weeks later than normal
Western Canadian feeder cattle prices were generally steady to $3/cwt higher last week as feedlot managers factor in lower input costs in the new crop year. Cash barley bids in southern Alberta dropped $5/mt within a week to $265/mt for immediate delivery. At the same time, corn bids in the U.S. Midwest dropped over $1
Klassen: U.S. feeder markets lead Canadian values higher
Western Canadian feeder cattle prices jumped $3/cwt to $5/cwt last week following the previous advances of U.S. markets. Overall sale numbers were slightly higher at certain locations but most auction barns remain in holiday mode in Western Canada. Weakness in new-crop barley prices and stronger fed cattle values in the final quarter has set a
Klassen: Western Canadian feeder cattle poised for higher prices
Western Canadian auction barns have been rather quiet so far this summer. Smaller groups of feeder cattle have come up for sale which have been discounted from the regular market structure earlier in spring. Feedlot margins have been hovering near break-even, which is a positive signal, and the market is starting to focus on the