Feeder cattle prices were $2 to $3 lower across Western Canada, with prices dropping an additional $1 to $2 late in the week. Steers weighing 620 pounds sold for $135 per hundredweight (cwt) in central Alberta, down $4 from a week earlier; lighter steers weighing 500 to 550 lbs. sold in the range of $138/cwt
Klassen: USDA report sets negative tone
Klassen: Feeder cattle remain soft
Feeder cattle prices continue to grind lower as replacement cattle are now $8 to $10 off the spring highs. For example, central Alberta feeder steers weighing 620 pounds were selling for $150 during the first week of April, but last week brought back $139. This was a demand-driven rally and consumers are now backing away
Klassen: Flooding, rains weigh on feeder cattle prices
Feeder cattle prices were steady to $2 lower last week as larger supplies weighed on the market structure. Backgrounding operators were waiting for drier conditions to liquidate supplies and there was a short window of opportunity last week. However, feedlot operators showed very little interest with the forecast for additional rains; softer slaughter cattle values
Klassen: Rationing beef demand weighs on feeder cattle
Feeder cattle in Western Canada were $2 to $3 lower last week despite the lower numbers coming on the market. Weakness in the fed cattle prices, along with the potential for negative feeding margins, set a softer tone in the feeder complex. Buyers were not receiving the stream of orders last week and were rather
Klassen: Feeder cattle grinding lower
Feeder cattle prices in Western Canada continue to grind lower due to softer slaughter values and rising feedgrain prices. Alberta fed cattle dropped $2 to $4 last week, with steers trading in the range of $108.50 to $111. On Monday (April 25), cattle in Texas traded at $117, down from $119 late last week. The
Klassen: Feeder cattle soften
Feeder cattle prices in Western Canada were $2 to $3 lower last week due to weaker slaughter values and rising barley prices. Alberta steers in the 500- to 600-pound category traded in the range of $140 to $150; auction markets reported 600- to 700-pound replacement steers in the range of $134 to $144. Overall, buyers
Klassen: Beef demand sustains feeder prices
Feeder cattle prices in Western Canada were $1-$4 per hundredweight (cwt) lower on average for the week ending April 8. Feeder steers weighing 625 pounds sold for $155/cwt in southern Alberta while good quality 720-lb. cattle brought back $135/cwt. The Alberta slaughter market was $2 to $3 lower finishing at $113/cwt. Good framed healthy bred
Klassen: Feeder cattle prices consolidate
Feeder steers ranging from 700 to 750 pounds brought back $133 per hundredweight (cwt) in central Alberta last week while lighter eight-weight cattle sold for $126/cwt. The feeder market appears to be consolidating at the higher levels, with feedyard managers extremely cautious after last week’s U.S. Department of Agriculture report. U.S. corn stocks as of
Klassen: Feeder cattle trend stalls
Western Canadian feeder cattle prices took a break from the upward trend and traded on a softer tone last week. Adverse wet weather in the most regions had buyers discounting the market as they factor in feedlot inefficiencies. At the same time, the Alberta slaughter market was steady to $2 higher, limiting the slippage in
Klassen: Feeder cattle hold value
Western Canadian feeder cattle markets were $1 to $2 higher despite the weaker tone in other commodity markets. Fed cattle were steady to $1 lower causing feedlot buying interest to remain strong throughout the week. Healthy feeding margins along with weakness in the corn market appeared to override the Japanese demand uncertainty. In central Alberta,