(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market starts new year on firm tone

February live cattle futures reached six-month highs during the last week of 2016, which quickly spilled over into western Canadian feeder cattle markets. While most auction barns were closed for the holiday season, there was some direct off-farm-to-feedlot movement. Limited sales were reported, but values were $2-$6 higher compared to the third week of December.

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle prices climbing

Western Canadian feeder cattle markets were trading $5-$7 above week-ago levels, with higher-quality cattle trading as much as $10 higher. It’s difficult to quarrel with one’s bread and butter; feedlot margins are now in positive territory and cattle feeders are keen on ownership with the positive outlook into the March timeframe. Feature presort calf sales





(Photo courtesy Canada Beef Inc.)

Klassen: Strong demand underpins feeder market

Western Canadian feeder cattle markets traded steady to $3 above week-ago levels; however, weaned lower-flesh calves were $3 to as much as $6 higher. Southern Alberta calf sales are winding down while other regions are just getting started. This resulted in surreptitious behaviour from Lethbridge-area feedlot operators. Orders stretched across the Prairies, like a slow-moving

Photo: Canada Beef Inc.

Klassen: Feeder cattle markets establish fundamental equilibrium

Western Canadian feeder cattle markets were relatively unchanged from week-ago levels as most auction barns held featured or pre-sort calf sales. However, premiums of $3 to as much as $8 were noted on pre-conditioned, quality-weaned replacements. Time in the market is more important than timing the market; longer term risk adverse feeding reinforced the fact






(USDA.gov via Flickr)

USDA requires meat packers to report online cattle auction deals

Chicago | Reuters –– The U.S. Department of Agriculture said Thursday it will require meat packers to report cattle purchases they make through online auctions to the agency starting next week, a move that stoked traders’ hopes for more transparent markets. USDA will begin including transactions from auctions on the Fed Cattle Exchange in pricing