Western Canadian feeder cattle markets traded $3 to as much as $8 below week-ago levels as feedlot managers anticipate growing beef supplies during the late spring and summer. Heavier weight categories absorbed the brunt of the selling pressure, with backgrounding operators liquidating fall-placed calves. Certain groups of higher-quality heifers held value with the purpose of […] Read more
Klassen: Feeder cattle drop on cautious feedlot demand
Klassen: Tenacious feeder market softens on supply forecasts
Western Canadian feeder cattle prices traded steady to as much as $5 lower over the past week. Early in the week, buyers incorporated a risk discount due to the extremely cold temperatures, especially in the Eastern prairie regions. By Thursday, markets were factoring in the larger beef supply forecasts from the U.S. Department of Agriculture, […] Read more
Klassen: Feeder cattle markets digest USDA inventory report
Western Canadian feeder cattle markets traded $5 higher to as much as $10 lower compared to week-ago levels. The U.S. Department of Agriculture’s Cattle on Feed report, along with U.S. inventory data, confirmed larger beef supplies in upcoming months, which set a negative sentiment amongst feedlot operators. Auction markets experienced variable price ranges on similar-weight […] Read more
Klassen: Fed cattle uncertainty restricts upside in feeders
Western Canadian feeder cattle were actively trading $3-$5 higher compared to week-ago levels. Order buyers felt like they were groping in the dark but realized there was a fair amount of buying interest by the week’s end. Alberta and Ontario orders were floating aggressively into Manitoba and eastern Saskatchewan, which kept the market flat across […] Read more
Klassen: Feeder cattle market between hammer and anvil
The western Canadian feeder cattle market was hard to define this past week. Heavier feeder cattle were $3 lower to as much as $4 higher compared to week-ago levels; however, calf prices and lighter-weight feeders were steady to as much $6 higher. Alberta feedlot operators led the charge on calves with buying activity noted across […] Read more
Klassen: Feeder cattle prices lukewarm on mixed factors
Western Canadian feeder cattle markets were steady to $2 higher compared to week-ago levels. All weight classes experienced lukewarm buying interest, despite improving margins in the feedlot sector. Most auction barns experienced minimal numbers; cow-calf producers are holding back on sales hoping for stronger values and extreme cold temperatures hindered cattle movement, especially in the […] Read more
Klassen: Demand for shortkeep feeders drives complex higher
Most auction barns were in holiday mode last week, which made the market hard to define. However, comments from local buyers suggest demand is building for shorter-term replacements due to healthy feedlot margins. Small groups were on offer with limited numbers available, and there was a wide range on similar weight classes across the Prairies. […] Read more
Klassen: Feeder market starts new year on firm tone
February live cattle futures reached six-month highs during the last week of 2016, which quickly spilled over into western Canadian feeder cattle markets. While most auction barns were closed for the holiday season, there was some direct off-farm-to-feedlot movement. Limited sales were reported, but values were $2-$6 higher compared to the third week of December. […] Read more
Klassen: Feeder cattle resume upward trend
Western Canadian feeder cattle prices resumed the upward trend after a brief dip during the first major snowstorm of the year. Feeder cattle weighing above 750 lbs. traded $2-$4 above week-ago levels while calves were readily selling for $4 to as much as $8 higher. Optimism abounds in the feedlot sector, as Alberta fed cattle […] Read more
Klassen: Winter conditions weigh on feeder market
Western Canadian feeder cattle prices traded steady to $3 lower compared to seven days earlier. The market tends to soften during the first major snowstorm each year, but the established risk discount was not as severe as in past years. Notwithstanding the cold temperatures and adverse weather conditions, feedlot operators continued to step forward fairly […] Read more
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