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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market consolidates

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Compared to last week, western Canadian feeder cattle markets traded $2-$3 on either side of unchanged. In central and southern Alberta, quality yearling steers weighing 800 lbs. continue to hover at the psychological range of $200-$210; lower-flesh steers fresh off grass weighing 900 lbs. are readily quoted in the range of $185-$190. Saskatchewan values are
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market calm but firm

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Compared to last week, western Canadian feeder cattle prices were unchanged. Most auction markets were closed due to Canada Day. It’s been a busy spring period; there is no doubt about it. Pastures are quickly deteriorating under the intense heat and many ranchers will sell yearlings 30-45 days sooner than normal. The good news is
CME October 2021 feeder cattle (candlesticks) with Bollinger (20,2) bands. (Barchart)
Livestock, Markets

Klassen: Feeder market percolating higher

Weakness in feeder futures seen as temporary hiccup

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Compared to last week, western Canadian yearling prices were $1-$4 higher on average; calves were steady to $2 higher. Limited volume of calves under 600 lbs. made the market hard to define; however, strong demand was surfacing across all weight categories. The weaker Canadian dollar, along with stronger live cattle futures, set a positive tone.
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

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Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market in consolidation mode

Feeder values in West showing premium over U.S.

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Compared to last week, western Canadian feeder cattle prices were quite variable depending on the weight category. Replacement cattle weighing over 800 lbs. were steady to $4 lower while feeders weighing 700-800 lbs. traded steady to $4 higher on average. Feeder cattle under 600 lbs. were unchanged from seven days earlier. The fed cattle market
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle divorce from futures’ direction

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Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Higher-quality yearlings and calves were steady to $4 higher in Alberta and Saskatchewan; in Manitoba, yearlings traded $2-$4 lower while calves were $3-$5 higher. Domestic cattle markets appeared to divorce from feeder and live cattle futures. June live cattle futures finished the week
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle markets experience volatility

Beef prices encourage slaughter pace

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Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied

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