Klassen: Feeder market sends mixed signals

Compared to last week, western Canadian average yearling prices were steady to $3 lower while heavier replacements above 1,000 lbs. actively traded $3 to as much as $6 lower. Weakness in deferred live cattle futures, along with rising feed grain prices, caused buyers to lower their bids accordingly. Steers averaging 1,000 lbs. were readily trading


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle markets absorbing price uncertainty

Western Canadian feeder cattle markets were quite variable throughout the week due to the uncertain price structure in the deferred position. Yearling prices differentiated by nearly $15 across the Prairies while lighter calves were relatively unchanged from week-ago levels. Adverse weather throughout January and February has tempered demand for replacement cattle. Southern Alberta has received







Stronger loonie, feed costs drag on prices at auctions

Stronger loonie, feed costs drag on prices at auctions

U.S. cattle inventory grew, but not as much as expected

Manitoba cattle prices stayed under pressure during the week ended Feb. 2, but there are signs that may start to change. “Hopefully (prices are) near a near-term bottom and should pick up heading into the spring,” said Brian Perillat, senior analyst with the Canadian Cattlemen’s Association. Prices at the province’s eight major auction marts were



(JBSs.infoinvest.com.br)

JBS to shed U.S. feedlot chain

The remaining feedlots in meat packing giant JBS’s Five Rivers Cattle Feeding business, the world’s biggest cattle feeding operation, have found a buyer. JBS on Wednesday announced a deal to sell the U.S.-based assets of Five Rivers to affiliates of New York-based Pinnacle Asset Management for about US$200 million. The deal gives Pinnacle 11 feedlots