(Photo courtesy Canada Beef Inc.)

Klassen: Stronger barley prices limit upside for feeder cattle complex

Feedlot operators make barley purchases, price feeder cattle accordingly

Compared to last week, western Canadian yearling markets traded $2 higher to as much as $5 lower. A softer tone was noted on yearlings in the eastern Prairie regions. Calf prices were steady to $4 lower on average compared to seven days earlier. Quality yearling packages fresh off grass held value but backgrounded heavier replacements


CME April 2023 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Klassen: April live cattle futures pull nearby cash feeder market higher

More feedlots switching back to barley

Compared to last week, western Canadian yearling markets traded steady to $3 higher on average. Quality yearling packages of larger volume traded $2-$3 above week-ago levels. The calf market is becoming more defined. Larger calf volumes were on offer in Saskatchewan and Manitoba but smaller numbers were noted in Alberta. Therefore, we can’t accurately compare

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market ratchets higher

Compared to last week, western Canadian yearling prices markets traded $2-$5 higher on average. Calves were quite variable. This was the first week when larger groups of calves were featured on the internet sales. Prices on the internet appeared to be significantly stronger than smaller groups under 10 head moving through auction rings. Feedlot operators


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder markets digest StatCan data

Barley crop expected up 34 per cent on year

Compared to last week, western Canadian yearling markets traded steady to $2 higher. Yearling prices have strengthened by $8-$10 over the past four weeks. Calf values were relatively unchanged but the market was hard to define due to limited volumes. Alberta packers were buying on a dressed basis from $300 to $302 delivered, up $1-$2