Klassen: Feeder market stronger but volatile

Klassen: Feeder market stronger but volatile

The Western Canadian feeder cattle market appeared to gain momentum this week.  Feeder cattle prices were extremely volatile compared to last week trading $5 lower to as much as $10 higher in the Eastern Regions.  When April live cattle futures were higher, the bids flowed more aggressively but on days when the futures struggled, buyers […] Read more




(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle prices stabilize

Western Canadian feeder cattle prices stabilized over the past week, trading $5 to $8 higher in comparison to seven days earlier. In Manitoba and eastern Saskatchewan, calves traded up $10 to $15 higher largely due to a resumption in U.S. buying interest. The market was functioning to encourage demand, and with prices $25 to $30 […] Read more



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live cattle limit up on strong cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures climbed sharply on Friday, with October settling up the three cents per pound daily price limit, ignited by short-covering after initial cash prices beat expectations. Spot October closed at 135.95 cents/lb. and December rose 2.875 cents, to 139.425 (all figures US$). Live cattle’s trading limit […] Read more






(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle market momentum eases

The upward momentum in the feeder cattle complex appears to have subsided over the past week. Western Canadian prices were relatively stable with week-ago levels but there were cases of quality yearling packages (800-plus lbs.) trading $2 to $4 higher. Excellent pasture conditions and optimal weather have delayed feature sales this year in the eastern […] Read more