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Tag Archives Jerry Klassen

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

Klassen: Feeder market shrugs off lower barley production

Barley exports, domestic demand expected to be reduced

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. Prices for calves were also unchanged from average values seven days earlier. Calf markets are becoming more defined as volumes increase. There also appeared to be larger volume of high-quality yearlings available, which was a surprise. The drought hasn’t significantly […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Calf numbers down in Western Canada

StatCan figures a surprise to the trade

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Compared to last week, western Canadian yearling markets were relatively unchanged. Yearlings straight off grass were very well bid and prices held value. Yearlings over 800 lbs. on light grain ration were quoted $15-$20 discount to those cattle coming straight off pasture. We’re seeing heavier calves around 800 lbs. trade at $330-$340. Increased calf numbers […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Feedlots aggressively secure ownership

StatCan cattle inventory report due out soon

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Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more
(Geralyn Wichers file photo)
Finishers, Livestock, Markets

Klassen: Feeder market consolidates

USDA report considered supportive for Q4 fed cattle

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Compared to last week, western Canadian yearling markets traded $2-$3/cwt on either side of unchanged. The steam appears to be coming off the market as larger volumes become available. Pastures have basically dried up in many areas of Western Canada, which has spurred on producer selling. The calf market was hard to define due to […] Read more
(Geralyn Wichers photo)
Finishers, Livestock, Markets

Klassen: Upward momentum in feeder market eases

Feedlots seen in 'risk assessment mode'

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Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Higher-quality groups of yearling heifers appeared to trade steady to $2 higher on average while steer markets traded $3-$4 higher to $2 lower. Calf prices are unchanged from seven days earlier. The rally in deferred live cattle futures has stalled for the time […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: U.S. feeder markets lead Canadian prices higher

Dry conditions in Saskatchewan and parts of Alberta are moving yearlings off grass sooner than expected

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Compared to last week, Western Canadian yearling markets once again jumped $3-$5/cwt on average. Higher quality 900-pound steers are reaching up to the range of $310-$315/cwt. Comments from readers suggest that 850-900-pound steers are trading up to $315-$320/cwt. Calves in the 500-550-pound range are reaching just over the $400/cwt level. Dryer conditions in Saskatchewan and […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Cow-Calf, Finishers, Livestock

Klassen: tight supplies continue to underpin feeder complex 

Feedlot operators shrug off past week's rally in the corn market

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Compared to last week, Western Canadian yearling markets traded $2-$5/cwt higher on average while calves were up $5/cwt to as much as $10/cwt in some cases. Feather light calves under 500 pounds reached fresh historical highs with 300-400 pound steers trading from $400-$450/cwt in Southern Alberta.  Finishing feedlots continue to be aggressive on yearlings for […] Read more
Photo: Canada Beef Inc.
Finishers, Livestock, Markets

Klassen: Feeder market continues climb

Futures spur larger feedlots to lock in ownership

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Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: U.S. feeder markets pull Canadian values higher

Feedlots aggressively seek U.S. corn

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For the week ending July 1, western Canadian feeder markets traded $2-$5/cwt higher compared to seven days earlier. Quality groups of yearlings were up $8-$10/cwt from a week earlier. South of the border, major markets in Oklahoma had feeder steers and heifers trading US$5-$10/cwt above week-ago levels. The Canadian market is functioning to ration demand […] Read more
(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

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