Western Canadian feeder cattle prices were steady with week-ago levels while certain classes of replacement cattle were $2-$3 per hundredweight (cwt) lower. Auction market volumes are increasing and cattle buyers are starting to be more demanding with feedlot margins under pressure. Marginal discounts were noted on cattle with no special features. Caution was further granted
Klassen: Feeder cattle steady with soft tone
Klassen: Delayed yearling run enhances feeder market
Western Canadian feeder cattle prices were steady to $2 per hundredweight higher last week. The main yearling run has been delayed by approximately three weeks because of favourable pasture conditions and plentiful forage. Therefore, feedlot operators are bidding more aggressively for the smaller available supplies. Lighter-weight feeder cattle had a mixed tone. The grain harvest
Klassen: Feeder cattle prices ratchet higher
Western Canadian feeder cattle prices were $2 to $4 per hundredweight (cwt) higher than week-ago levels. Auction markets are starting to experience larger volumes and feedlots are running with seasonally low numbers. Feedlot managers are stepping forward more aggressively with the deferred feeder and live cattle futures pointing to higher prices into the fall period.
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were steady with week-ago levels as the yearling run moves into full gear. Feedlot managers continue to step forward quite aggressively, with many lots running less than 50 per cent capacity. Lighter weight calves were actually up $2-$3 per hundredweight (cwt) on average due to strength in the deferred live
Klassen: Yearling run starts season on firm tone
Western Canadian feeder cattle prices were $1-$3 per hundredweight (cwt) higher last week as the yearling run started the season on a firm tone. Satellite sales experienced larger volumes over the past seven days and regular auction markets are planning larger sales over the next week. Feedlot operators are stepping forward more aggressively in the
Klassen: High feed prices have little influence on feeders
Feedgrain prices had little effect on the feeder market this past week, with feeder cattle running $2-$3/cwt higher on average. The yearling run has been delayed by approximately one month and lower volumes of feeder cattle were met with firm demand. Fed cattle prices were steady with week-ago levels at $113/cwt, as the stronger Canadian
Klassen: Feeder cattle market edges higher
Western Canadian feeder cattle prices were $2-$4 per hundredweight higher last week. Relatively low volumes continue to characterize the feeder market but buying enthusiasm has strengthened relative to the number of feeder cattle available. Pasture conditions remain favourable in most regions, which has delayed the early yearling run. Beef demand appears to be improving and
Klassen: Feeder cattle market finds support
Western Canadian feeder cattle prices were $2 per hundredweight lower to $3/cwt higher last week as thin volumes continue to characterize the market. Fed cattle prices were $2/cwt higher, which appeared to set a positive tone in the feeder complex. Barley prices have also come off the highs, which provided some breathing room to bid
Klassen: Feeder cattle grind lower on higher feed costs
Western Canadian feeder cattle continue to drift lower amid higher feed costs and softer fed cattle prices. The barley harvest has started in Manitoba and will be more widespread in a couple of weeks. However, feed prices remain near historical highs. U.S. values were down $3/cwt to $5/cwt on average as ongoing drought conditions plague
Klassen: Weak U.S. feeder market leads Canadian values lower
U.S. feeder cattle prices were $4 to $8 per hundredweight (cwt) lower last week, which spilled over into western Canadian markets. Western Canadian prices were down $2-$4/cwt on average with little volume defining the price structure. Most of Western Canada has received greater than 125 per cent of normal precipitation over the past 60 days,