Alberta packers were buying fed cattle on a dressed basis in the range of $265-$270 delivered this past week, up $3-$5 from seven days earlier. Live prices were quoted at $159-$162 delivered using a 60 per cent grading. If the feedlot operator booked their feed grains earlier in winter, live prices are $2-$3 above breakeven […] Read more
Klassen: Stronger fed cattle prices underpin feeder complex
Limited feed and forage hinder further upside
Walmart locks in CRSB claim for in-store beef brand
Chain to be first retailer in Canada with certified-sustainable label on pack
The Canadian arm of Walmart has locked in enough of a supply of certified-sustainable beef to label its entire Your Fresh Market burger patty line accordingly. The retail giant announced Monday it’s now sourcing beef from “certified sustainable” farms and ranches according to standards set by the Canadian Roundtable for Sustainable Beef (CRSB). The company […] Read more
Klassen: Cattle producers facing drought-like conditions
Alberta packers were buying fed cattle on a dressed basis in the range of $262-$265 delivered this past week. Using a 60 per cent grading, the live price would be in the range of $157-$159. If a feedlot booked the bulk of its feed grains earlier in winter, feeding margins are now hovering in positive […] Read more
Klassen: Feeder cattle divorce from futures’ direction
Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Higher-quality yearlings and calves were steady to $4 higher in Alberta and Saskatchewan; in Manitoba, yearlings traded $2-$4 lower while calves were $3-$5 higher. Domestic cattle markets appeared to divorce from feeder and live cattle futures. June live cattle futures finished the week […] Read more
Klassen: Feeder cattle markets experience volatility
Beef prices encourage slaughter pace
Compared to the previous week, western Canadian feeder cattle markets traded $3-$4 on either side of week-ago levels. Prices were quite variable across the Prairies with four main factors influencing buyer sentiment. First, the eastern Prairie regions experienced adverse winter weather. Auction barns in Manitoba and eastern Saskatchewan had smaller volumes on offer. Buyers shied […] Read more
Klassen: Stronger demand drives feeder market
Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more
Bob Lowe re-elected as CCA president
Reading Time: < 1 minute Bob Lowe has been re-elected as president of the Canadian Cattlemen’s Association. The Nanton rancher and feedlot operator took over the CCA job just as the pandemic arrived and while dealing with issues arising from COVID remains a priority, there are other matters on the organization’s plate. Those include making the Livestock Price Insurance Program […] Read more
Nearly two decades on, BSE class-action lawsuit goes to trial
The trial is expected to last until late June and it may be next year before a verdict is handed down
Reading Time: 3 minutes A long-awaited class-action lawsuit which could award Canadian ranchers and dairy farmers reparations for damages caused from bovine spongiform encephalopathy (BSE) is finally before the courts. The class-action lawsuit against the federal government, initially launched in 2005, centres around cattle imported from the U.K. and Ireland from 1982 to 1990, when Ottawa banned the importation […] Read more
Klassen: Feeder market digests USDA acreage report
Compared to last week, western Canadian feeder cattle markets were relatively unchanged. Lower flesh yearlings appeared to trade $2-$3 higher in certain pockets of Alberta but replacements carrying excessive butter experienced severe discounts of $6 to as much as $10 in some cases. October and December live cattle futures made fresh contract highs, which underpinned […] Read more
Klassen: Feeder cattle market exhibits defensive tone
March 30 — Compared to the previous week, western Canadian feeder cattle markets traded steady to $3 lower on average. Alberta packers were buying fed cattle on a dressed basis in the range of $245-$249 delivered, down from the average value of $250 seven days earlier. Deteriorating feeding margins set a negative tone for the […] Read more
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