Alberta and Saskatchewan feeder cattle prices were $2 to $5 lower on average last week due to rising barley prices and deteriorating pasture conditions. All weight categories were under pressure, with sharper slippage on shorter-keep replacements. Alberta packers were buying fed cattle in the range of $202 to $204, but rising feed grain prices caused […] Read more
Klassen: Drier conditions soften feeder market
TMX turning to cattle sales
Reuters — TMX Group, operator of Canada’s TSX stock exchange, hopes to rope a piece of the $90 billion North America cattle sector, and said Tuesday it would offer the continent’s first online sales platform of its kind. The expansion into a new business comes weeks after the TMX completed a six-month operations review, which […] Read more
U.S. livestock: CME live cattle rally on discount to cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight […] Read more
Klassen: Feeder cattle prices remain firm
Western Canadian feeder cattle prices were steady to $2 higher on average with limited sales occurring this past week. The Livestock Markets Association of Canada held its annual convention in Winnipeg on the weekend, so many sales barns were quiet. The market at this time of year is characterized by small packages of various quality, […] Read more
Klassen: Strong beef prices spill over into feeder market
U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more
Klassen: Feeder cattle spurt higher on stronger beef prices
Western Canadian feeder cattle prices were solidly $3 to $5 higher on average this past week compared to seven days earlier. Improved beef demand has drawn down stocks in the production pipeline, allowing packers to increase bids for fed cattle. Alberta packers were buying fed cattle in the range of $201 to $202, up $2 […] Read more
Klassen: Feeder cattle market reflects diverse tone
Western Canadian feeder cattle traded from $4 lower to $3 higher over the past week. Feeders coming on the market at this time of year have various quality features which caused a wide range of prices for similar-weight cattle. Alberta packers were buying fed cattle in the range of $199 to $200, down $2 from […] Read more
Klassen: Rejuvenated interest stabilizes feeder market
After a softer tone during the third week of April, western Canadian feeder cattle values stabilized trading steady to $5 higher on average this past week. Notable gains were noted on cattle under 700 pounds in Manitoba and Saskatchewan, where prices were $3 to as much as $8 higher. Available feeder cattle supplies are starting […] Read more
Cattle prices seen as strong for year to come
CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said Brian Perillat, a manager and […] Read more
Klassen: Feeder market’s upward momentum eases
Western Canadian cattle prices were extremely volatile this past week, trading $2 higher to as much as $5 lower in comparison to seven days earlier. The feeder cattle market appeared to stall out at the higher levels, with most auction barns experiencing smaller volumes. Spring-like temperatures and seeding preparation kept the small cattle farmer/producer at […] Read more
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