Compared to last week, western Canadian feeder cattle markets traded $2-$3/cwt higher on average. Southern Alberta appeared to lead Western Canada. Prices in the Lethbridge area were up $8/cwt to as much as $15/cwt from week-ago levels. Major operations have liquidated a significant amount fed cattle and become more current with production. There was a […] Read more
Klassen: Feeder market’s upward trend continues
Manitoba, Saskatchewan see limited gains
Klassen: Feeder market price discovery continues
Ontario buying interest leading Prairie market
In last week’s issue, we mentioned there was a large discrepancy in prices across Western Canada. Compared to the third week of December, prices in Manitoba were up $8/cwt to as much as $15/cwt, while Alberta markets were steady to $2/cwt higher. This past week, feeder prices in the eastern Prairie regions were relatively unchanged […] Read more
Goodbye and good riddance — 2022 was not kind to cattle feeders
The COVID hangover, more cattle on feed, and lots of labour woes all contributed to a year to forget
Reading Time: 4 minutes The fed cattle sector couldn’t catch a break in 2022 and it wasn’t any one thing that created the problem. “This has been going on for sure since February/March,” said Jacob Bueckert, who operates Driland Feeders near Warner and is chair of the Alberta Cattle Feeders Association. “I don’t know if we ever fully caught […] Read more
Klassen: Feeder market looks upward
Quality of available cattle contributes to volatility
Western Canadian feeder cattle prices were quite variable. Compared to three weeks ago, Alberta prices were steady to $2/cwt higher while in Saskatchewan, prices were $8-$10/cwt higher on average with lighter-weight cattle jumping as much as $15. For example, in central Alberta, higher-quality 800-lb. steers were trading from $230 to $235 and 600-pounders were valued […] Read more
McDonald’s reported set to exit Kazakhstan on Russia war spillover
Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian […] Read more
Klassen: Feeder market to start 2023 on firm tone
Counter-seasonal behaviour expected
There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more
Consider feed requirements for beef cattle during cold weather
A measure called LCT can be used to calculate the increase in total digestible nutrients required
Reading Time: 3 minutes When the weather outside is frightful, cattle need a helping hand. “The ability of cattle to withstand cold conditions is impacted by the lower critical temperature, or LCT,” said Karl Hoppe, a livestock specialist with North Dakota State University’s extension service. “When the temperature drops below the LCT, maintenance requirements will increase and performance can […] Read more
Klassen: Historically high deferred live cattle futures support feeder complex
Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
Klassen: Feeder market ends 2022 on firm tone
Trade expecting bullish numbers from USDA
Compared to last week, western Canadian calves were trading $4 to as much as $8 higher. Adverse weather did not influence the market this week. There appeared to be a surge in demand across all weight categories. Higher quality or pre-conditioned vaccinated, weaned, lower flesh calves in the 600–700-pound category were up as much as […] Read more
Alberta cattleman right at home at UN climate change conference
Many anti-meat critics have no idea how cattle are raised, but Bob Lowe is always willing to explain
Reading Time: 4 minutes Bob Lowe, a cattle feeder from Nanton, isn’t afraid to enter a conference hall full of vegans — and there was a sizeable contingent of people opposed to meat production at this year’s global climate conference. As part of his trip to COP27 in Egypt last month, the veteran cattle producer paid a visit to […] Read more
Cyber-Savvy Farmer
