(Photo courtesy Canada Beef Inc.)

Klassen: Improving margins support feeder market

Average western Canadian feeder cattle prices were $3-$5 above week-ago levels, with top-quality larger groups trading as much as $8-$10 higher. While current pen closeouts remain underwater, the deferred positions are somewhat brighter, which has rejuvenated buying enthusiasm. Most risk management strategies rely on cattle feeders staying in the game all year. There appears to



(Photo courtesy Canada Beef Inc.)

Klassen: Drop in fed cattle prices weighs on feeder complex

Alberta fed cattle prices dropped sharply last week, with dressed sales falling $10 to $20 from seven days earlier. Despite the weakening Canadian dollar, wholesale beef prices also fell US$10/cwt which offset any currency benefit. Feedlot operators froze with disbelief as the market suffered one of the sharpest week-over-week declines in recent memory. The hot



The cattle cycle is headed for a downturn in prices, an industry official says.

The cattle market is heading into a downturn

Canadians will have lower inventories and lower prices

A significant drop in North American cattle prices is coming within the next two years, market analyst Anne Wasko told an April 20 livestock producer seminar in Winnipeg. Wasko said the cattle price cycle peaked in 2014-15 after the U.S. beef herd underwent a major liquidation following a severe drought in 2012. The resulting shortage