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(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: 800-lb. steers touch $300/cwt mark

Nearby cash market at odds with futures

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For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle under 500 lbs. jump over $400

U.S. beef output expected down in 2024

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Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Texas flooding lifts Canadian feeder market

Fed cattle in counter-seasonal trend

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For the week ending Sunday, western Canadian feeder cattle markets traded $6-$8 higher. In some cases, quality yearling packages traded as much as $10 above week-ago levels. Live and feeder cattle futures closed the week US$8-$9 higher as traders monitored flooding conditions in Texas. Alberta packers were buying fed cattle on a live basis in […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Canadian feeder market rationing demand

Improvement seen in feeding margins

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For the week ending Saturday, western Canadian feeder markets averaged $3-$6/cwt higher compared to seven days earlier. Weakness in the Canadian dollar along with strength in the deferred live cattle futures set a positive tone. Recent rains have enhanced yield potential for the Canadian barley crop, which also underpinned nearby cash values. Alberta packers were […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Lower beef production forecast drives feeder market higher

Feedlots factoring in lower feed grain values

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Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
Photo: Canada Beef Inc.
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: Feeder market remains firm on fed cattle strength

Alberta's disastrous wildfires may disrupt calf marketings

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Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Demand surges for grass cattle

Barley, corn expected to be cheaper next fall

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Compared to last week, western Canadian feeder cattle markets traded $3-$4 on either side of unchanged. Certain auction markets did not have sales due to the shortened holiday week. Adverse weather also shuttered some sales on Wednesday and Thursday in the eastern Prairie region. Southern Alberta feedlots are contending with poor pen conditions which may […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Alberta fed cattle lead feeder market higher

Traders expecting more barley acres this year

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Compared to last week, western Canadian yearling markets traded $3-$5 higher while calf prices advanced $1-$3 on average. Alberta packers were buying fed cattle on a dressed basis of $360/cwt last week, up $3-$10 from a week earlier. Using a 60 per cent grading, live prices would be equivalent to $216. Feeding margins have improved […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market eyes feed grain complex

Downside expected in new-crop barley prices

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Compared to last week, western Canadian feeder cattle markets traded steady to $2 higher on average. Alberta packers were buying fed cattle on a dressed basis in the range of $353-$357/cwt delivered last week, up from the average price of $348/cwt delivered seven days earlier. Strength in the fed cattle market continues to support the […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger fed cattle market pulls feeders upward

Feedlots becoming more current with production

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Compared to last week, western Canadian yearling and calf markets were quoted steady to $5 higher on average. Strength was noted in southern Alberta. In the Lethbridge area, prices for lighter flesh replacements were up as much as $10 from seven days earlier. Larger supplies of backgrounded cattle are coming on the market at this […] Read more

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