Jerry Klassen

U.S. yearling prices were $3-$4 per hundredweight (cwt) lower last week as Chicago Board of Trade (CBOT) corn futures reached their highest levels in two years. U.S. calves were moving $3-$7/cwt lower amidst lower demand and increasing head counts. Buying interest for replacement cattle has subsided, with feeding margins under pressure and deferred live cattle […] Read more

U.S. feeder values for weaned calves and yearlings were $3 to $5 lower last week due to stronger feedgrain values. Chicago Board of Trade (CBOT) corn futures made new highs last week, resulting in lower bids for replacement cattle, despite the strength in the deferred live cattle futures. Canadian prices held values, with 800-pound steers […] Read more

Feeder cattle prices in Western Canada were steady with week-ago levels with strong feedlot demand noted for heavier yearlings. The recent CanFax Alberta and Saskatchewan cattle on feed report showed feedlot supplies at four-year lows. Feedlots are running at below normal capacity for this time of year and enthusiasm for replacements has stayed strong, despite […] Read more

Feeder cattle futures were under pressure last week as December corn futures moved above the psychological $4.50 level. Top-quality steers weighing just over 900 pounds were selling for $106 in southern Alberta; 825-pound steers reached up to $114. Basis levels in Western Canada strengthened by $3 to $6 last week as auction market prices were […] Read more

Feeder cattle futures made new contract highs last week due to tight available supplies and stronger fed cattle prices. While it is not unusual to see a correction after a surge higher, prices are expected to be well supported into the fall period. U.S. feeder cattle were $1 to $3 higher last week on average, […] Read more

Feeder cattle prices in Alberta and Saskatchewan were steady to $1 higher last week; U.S. values were $1 to $3 higher for yearlings while lighter calves traded $2 higher to $2 lower. Most of the auction market activity occurred before the surge in U.S. fed cattle prices. Nebraska steers jumped $5 to $7 last week, […] Read more

Yearling prices in Western Canada reached their highest levels in two years as top-quality 800-pound steers in southern Alberta were trading in the range of $112 to $115 per hundredweight. Stronger fed cattle prices and tighter yearling numbers have resulted in the firmer tone. Lighter-weight 6-weight calves were being purchased in the range of $110 […] Read more

Feeder cattle prices were steady to $1 higher in comparison to the previous week as stronger live cattle prices spilled over into local auction markets. The beginning of the yearling run is always quite strong and this year is no different with renewed optimism in the feedlot sector. Live cattle futures are making new highs […] Read more

Feeder cattle prices in Western Canada were uneven over the past week, with certain locations showing $1 to $2 higher while others were $1 to $2 lower. Very little activity was noted in Manitoba and Saskatchewan and with the lighter volume it was difficult to get a handle on the actual price structure. U.S. markets […] Read more