Compared to last week, western Canadian feeder cattle markets traded steady to $5 lower on average. Small volumes were available last week, which distorted the price structure. Many feedlot hands will rotate holidays through July; therefore, feedlot operators don’t want to bring in fresh replacements with a skeleton staff. Recent rains across Saskatchewan and Alberta […] Read more
Klassen: Feeder market enters summer doldrums
Klassen: Fed cattle bounce supports yearling market
Compared to last week, western Canadian yearling prices were relatively unchanged while calf values were extremely variable. In Alberta, calf prices were holding value but in Saskatchewan and Manitoba, feeder cattle under 650 lbs. were $3 to as much as $8 lower in some cases. Recent rains in Saskatchewan have come too late and auction […] Read more
Klassen: Feeder market shrugs off feed grain rally
Compared to last week, western Canadian feeder cattle prices were $2-$5 higher on average. Noted strength was in the 700-plus-lb. categories, which spilt over into the lighter calves. Quality groups of yearlings were limited and the scarcity fear factor had a grip on the market. The U.S. Department of Agriculture lowered its fourth-quarter beef production […] Read more
Klassen: Feeder cattle demand softens
Compared to last week, western Canadian yearling prices were $2-$4 lower on average while calves were down $3-$5 depending on the region. Weakness in the fed cattle market continues to spill over into the feeder complex, as margins drift further into red ink. Alberta packers were buying fed cattle in the range of $245-$246 delivered […] Read more
Feed weekly outlook: A tale of two Prairie grain markets
MarketsFarm — Tight old-crop supplies may be keeping nearby barley bids underpinned on the Prairies — but expectations for increased acres in 2019 mean new-crop bids are at a considerable discount. “It’s a tale of two markets right now,” said Glen Loyns, general manager of JGL Commodities at Moose Jaw, pointing to the large spread […] Read more
Klassen: Feeder cattle rally loses steam
Compared to last week, western Canadian yearlings traded $2-$5 lower while calves were solidly $3 to as much as $8 lower. There’s a limit how far the cash trade can divorce from the futures market. November feeder cattle futures have dropped $12 from contract highs and there is no sign that this slide is over; […] Read more
R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices
Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more
Klassen: Alberta demand drives feeder market higher
Compared to last week, western Canadian yearling prices were $2-$4 higher while calves were relatively unchanged. Stronger fed cattle prices in the deferred positions along with lower new-crop barley values resulted in a firmer tone. We’re in the last half of April and quality cattle will be hard to come by in 30 days; this […] Read more
Klassen: Feeder market balancing many variables
Compared to last week, western Canadian yearling markets traded steady to $3 higher while calves were $4 lower to $5 higher depending on the region. Weakness in the live and feeder cattle futures contributed to the variable price structure; however, Alberta packers were buying fed cattle in the range of $268-$270 on a dressed basis, […] Read more
Fed steer prices seen improving towards spring
The average Canadian beef cut-out value has strengthened about 10 per cent since the start of the year
Reading Time: 2 minutes A number of factors have been affecting recent fed steer and hay markets. Jason Wood, provincial livestock market analyst with Alberta Agriculture and Forestry, has an update. Wood says that the Canfax reported price for Alberta fed, or slaughter, steers averaged just over $151 per cwt for the week ending February 8, 2019. That price […] Read more