Western Canadian feeder cattle prices were steady to $2 per hundredweight lower last week. Weakness in the deferred live cattle futures, along with stronger barley prices, set a negative tone. Larger volume of 800-pound-plus cattle are coming on the market and with cattle-on-feed numbers above last year, demand for replacement cattle is not as strong. […] Read more
Klassen: Feeder cattle market feels sluggish
Klassen: Feeder cattle market softens
Western Canadian feeder cattle prices were $2-$3 per hundredweight lower last week. Fed cattle prices came under pressure and barley prices surged higher, resulting in a negative tone for the feeder market. In central Alberta, mixed feeder steers averaging 584 pounds brought back $186/cwt, which was considered high compared to other auction barns. Angus-cross medium […] Read more
Klassen: Feeder cattle market feels toppy
Western Canadian feeder cattle prices were steady to $3 per hundredweight lower on average last week. Softer fed cattle prices, along with a stronger Canadian dollar, set a negative tone. U.S. feeder cattle prices were down $2-$4 per hundredweight at major auction barns in the southern U.S. Plains. General comments from the industry suggest that […] Read more
Klassen: Feeder cattle climb continues
Western Canadian feeder cattle prices were steady to $2 per hundredweight higher on average in comparison to week-ago levels. Buyers appeared to be more aggressive for cattle over 800 pounds. A large group of tan/white Charolais steers averaging 935 pounds sold for $141/cwt west of Edmonton, which is a record high for this weight category; […] Read more
Klassen: Feeder cattle ratchet higher
Feeder cattle in Western Canada were $2-$3 per hundredweight higher for the second week in a row. Strength in the deferred live cattle futures, along with stronger beef wholesale prices, set a positive tone to the feeder market. In central Alberta, a small group of red Angus-cross steers weighing 608 pounds sold for $170/cwt; large-frame […] Read more
Klassen: Feeder cattle climb starts again
Feeder cattle prices in Western Canada were steady to $3 per hundredweight higher last week after stagnating in the first half of February. A small group of medium-flesh Angus-cross steers averaging 548 pounds reached over $180/cwt at a presort sale in central Alberta. A large group of exotic steers weighing 855 pounds sold for $141 […] Read more
Klassen: Mixed tone for feeder cattle
Western Canadian feeder cattle were steady to $2 per hundredweight weaker while heavier feeder cattle were down $2-$4/cwt. Fed cattle in Alberta sold for $112/cwt, also down $2 from the previous week, which spilled over into shortkeep replacement cattle. Larger groups of quality cattle continue to hold value but buyers are more willing to discount […] Read more
Klassen: Unstable market for West’s feeder cattle
Western Canadian feeder cattle prices were $2 per hundredweight lower to $2 per hundredweight higher in comparison to a week earlier. Sellers were passing on record-high bids for heavier-weight feeder cattle, which is usually a signal that the market is due for a correction. Angus-cross light-flesh steers averaging 880 pounds sold for $141 in central […] Read more
Klassen: Feeder cattle up $2-$3/cwt in West
Light-weight feeder cattle prices in Western Canada were up $3-$5 per hundredweight on average last week while heavier feeders were up $2-$3/cwt. October and December live cattle futures made new contract highs, reaching over $131/cwt, which enhanced buying enthusiasm in the feeder complex. Large-frame age-verified Charolais-cross steers weighing 497 pounds sold for $212/cwt at a […] Read more
Klassen: Western Canadian feeder cattle surge higher
Western Canadian feeder cattle under 600 pounds were up $8-$10 per hundredweight (cwt) this past week. A small group of exotic steers averaging 570 pounds sold for $170/cwt in west-central Alberta; black Angus-cross steers averaging 535 pounds touched $185/cwt in the same region. Heavier feeders were averaging $5-$8/cwt higher over week-ago levels. A mixed batch […] Read more