Western Canadian yearling markets were trading $3 to as much as $6 above week-ago levels while calf prices were relatively unchanged. The Canadian dollar was under pressure all week, closing Friday at US77.85 cents, the lowest levels since mid-July. At the same time, April live cattle futures made fresh contract highs, reflecting a week-over-week gain […] Read more
Klassen: Feeder cattle market remains firm
Klassen: Feeder cattle market surges
Western Canadian feeder cattle markets experienced a precipitous bounce over the past week. Compared to seven days earlier, yearling traded $4-$6 higher; calf markets were trading $3 to as much as $10 above week-ago levels; prices for feather-light bawlers surged with 300- to 400-pounders touching the magical $300 level in some areas. Optimal weather enhanced […] Read more
Klassen: Feeder market maintains upward momentum
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $8 higher. Strong gains in the live and feeder cattle futures, along with the softer Canadian dollar, set a positive tone for all weight categories. Central and southern Alberta feedlot operators were quite aggressive on local cattle, which caused major […] Read more
Klassen: Feeder market experiences renewed optimism
Compared to last week, yearlings traded $3-$5 higher while calf prices were $5 to as much as $10 higher in some cases. Southern Alberta yearling prices were unchanged this week after trading at premium to western Canadian markets earlier in September. The U.S. Department of Agriculture came out on Tuesday and lowered its beef production […] Read more
Klassen: Strong Canadian dollar weighs on feeder market
Compared to last week, western Canadian yearling prices were down $3-$6 on average while calf values dropped $5 to as much as $10 in some cases. Most auction barns held feature yearling sales last week; there were small groups of calves available but the market was quite variable and hard to define in the lighter […] Read more
Klassen: Feeder cattle market experiences mixed tone
Western Canadian feeder cattle markets were rather subdued this past week; average prices were unchanged from seven days earlier. However, the bloom has come off the rose as the extreme highs from earlier in May have evaporated. Late in the week, shorter-keep cattle appeared to trade $3-$5 higher, especially on higher-quality larger groups. Major feedlot […] Read more
Klassen: Strong demand underpins feeder market
Western Canadian feeder cattle markets traded steady to $3 above week-ago levels; however, weaned lower-flesh calves were $3 to as much as $6 higher. Southern Alberta calf sales are winding down while other regions are just getting started. This resulted in surreptitious behaviour from Lethbridge-area feedlot operators. Orders stretched across the Prairies, like a slow-moving […] Read more
Klassen: Feeder cattle market experiences mixed tone
Western Canadian feeder cattle markets experienced a diverse tone across the Prairies, with notable buying interest surfacing on yearlings. Compared to seven days earlier, prices for yearlings in southern Alberta were $5-$7 higher on average, as feedlots focused on purchasing local cattle. In southern Alberta, larger-frame lower-flesh black steers weighing 900 lbs. were quoted at […] Read more
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