Feeder cattle prices in Western Canada were steady to $2 lower last week on light volumes and limited buying interest. Feedlot demand remains sluggish as feedyard managers struggle with inefficient weight gains, higher death loss and adverse pen conditions. The market is experiencing sharp discrepancies across Western Canada with similar cattle varying by $5-$8 per […] Read more
Klassen: Feeder cattle continue lower trend
Klassen: Feeder cattle prices drop $2-$4 per cwt
Feeder cattle prices in Western Canada were $2 to $4 lower with heavier replacement cattle bearing the brunt of the decline. Alberta fed steers dipped to $97 on Friday, down nearly $3/cwt from a week earlier, which kept tempered buying enthusiasm. Adverse pen conditions have resulted in lower rates of gain and with the weak […] Read more
Klassen: Feeder cattle continue grind lower
Western Canadian feeder cattle prices were steady to $2 lower last week. Lighter-weight grass cattle held up fairly well, with heavier replacements moving in line with the slaughter market. Alberta fed steers were $2 lower trading at the $100 per hundredweight (cwt) level, down $16/cwt from the highs in early April. Feeder steers weighing 620 […] Read more
Klassen: USDA report sets negative tone
Feeder cattle prices were $2 to $3 lower across Western Canada, with prices dropping an additional $1 to $2 late in the week. Steers weighing 620 pounds sold for $135 per hundredweight (cwt) in central Alberta, down $4 from a week earlier; lighter steers weighing 500 to 550 lbs. sold in the range of $138/cwt […] Read more
Klassen: Feeder cattle remain soft
Feeder cattle prices continue to grind lower as replacement cattle are now $8 to $10 off the spring highs. For example, central Alberta feeder steers weighing 620 pounds were selling for $150 during the first week of April, but last week brought back $139. This was a demand-driven rally and consumers are now backing away […] Read more
Klassen: Flooding, rains weigh on feeder cattle prices
Feeder cattle prices were steady to $2 lower last week as larger supplies weighed on the market structure. Backgrounding operators were waiting for drier conditions to liquidate supplies and there was a short window of opportunity last week. However, feedlot operators showed very little interest with the forecast for additional rains; softer slaughter cattle values […] Read more
Klassen: Rationing beef demand weighs on feeder cattle
Feeder cattle in Western Canada were $2 to $3 lower last week despite the lower numbers coming on the market. Weakness in the fed cattle prices, along with the potential for negative feeding margins, set a softer tone in the feeder complex. Buyers were not receiving the stream of orders last week and were rather […] Read more
Klassen: Feeder cattle grinding lower
Feeder cattle prices in Western Canada continue to grind lower due to softer slaughter values and rising feedgrain prices. Alberta fed cattle dropped $2 to $4 last week, with steers trading in the range of $108.50 to $111. On Monday (April 25), cattle in Texas traded at $117, down from $119 late last week. The […] Read more
Klassen: Feeder cattle soften
Feeder cattle prices in Western Canada were $2 to $3 lower last week due to weaker slaughter values and rising barley prices. Alberta steers in the 500- to 600-pound category traded in the range of $140 to $150; auction markets reported 600- to 700-pound replacement steers in the range of $134 to $144. Overall, buyers […] Read more
Klassen: Beef demand sustains feeder prices
Feeder cattle prices in Western Canada were $1-$4 per hundredweight (cwt) lower on average for the week ending April 8. Feeder steers weighing 625 pounds sold for $155/cwt in southern Alberta while good quality 720-lb. cattle brought back $135/cwt. The Alberta slaughter market was $2 to $3 lower finishing at $113/cwt. Good framed healthy bred […] Read more