Reading Time: 2 minutes Feeder cattle prices in Western Canada have been trending higher throughout 2010. Last week’s prices for cattle weighing over 600 pounds are up 25 per cent in comparison to December of 2009 while lighter weight cattle are up 30-40 per cent over year-ago levels. Prices have gone from 10-year lows to historical highs within a […] Read more
Klassen: In review and looking forward
Klassen: Feeder cattle price momentum continues
Reading Time: 2 minutes Feeder cattle prices in southern Alberta were $3 to $4 higher for all weight categories last week. Stronger demand was noted for animals weighing 700 pounds and heavier, but good quality calves were also well bid. Calves under 400 pounds reached $175 per hundredweight (cwt); 400- to 500-pound steers sold for $150-$160/cwt; and 5-weight cattle […] Read more
Klassen: In feeder cattle, the trend is your friend
Reading Time: 2 minutes The western Canadian feeder cattle market was steady to $2 per hundredweight (cwt) firmer last week for animals in the 6-weights and higher categories; lightweight feeders were up $5-$8/cwt in comparison to the previous week. We saw 700- to 800-pound steers in southern Alberta trade in the range of $116-$126/cwt while lightweights under 400 pounds […] Read more
Klassen: Feeder market stays firm, looks upward
Reading Time: 2 minutes The feeder cattle market is moving to levels where buyers have “ticker shock” and are becoming overwhelmed. Earlier in fall, many feedlot operators were holding back on purchases in hopes of softer values, but we now see these buyers step forward more aggressively before year-end. This last week, we saw 5-weight steers reach $145 per […] Read more
Klassen: Feeder market resumes upward trend
Reading Time: 2 minutes Feeder cattle markets in Western Canada held steady last week. The initial cold shock usually tempers buying enthusiasm, but we now find cattle buyers accustomed to the wintry conditions. Black Angus seven-weight steers touched $128 per hundredweight. Demand for lighter cattle was also firm with 500-weight cattle trading in the range of $135 to $143; […] Read more
Klassen: Feeder cattle futures near historical highs
Reading Time: 2 minutes Feeder cattle futures reached over $117 per hundredweight last week on softer corn values and strengthening fed cattle prices. Western Canadian feeder cattle weighing less than 600 pounds were steady to $2 higher last week; cattle weighing 600 to 800 pounds were $1 to $2 weaker while 8-weight feeders were down $2 on average. Barley […] Read more
Klassen: Calf prices holding at higher levels
Reading Time: 2 minutes Calf prices in Western Canada were steady to $2 higher last week with 570-weight steers moving at $130 per hundredweight; tan steers weighing 540 pounds sold for $134/cwt. We continue to see strong demand from both feedlot operators and backgrounding operations. New technology implants and treating methods have caused the large feedlot operator to feel […] Read more
Klassen: Feeder cattle trend stalling out
Reading Time: 2 minutes Softer slaughter values in Alberta and stronger barley prices have tempered the upward trend in the feeder cattle market. Steers weighing 840 pounds in southern Alberta sold for $116 last week, which was steady with values earlier in November. Limited discounts were shown for Manitoba cattle as 775-lb. steers brought back $115 in the central […] Read more
Klassen: Feeder cattle prices stay firm
Reading Time: 2 minutes Feeder cattle prices in Western Canada held firm near 10-year highs over the last week. Exotic yearling steers weighing 880 pounds brought back $116 per hundredweight (cwt) in central Alberta. Calf prices also remain near historical highs as age-verified black Angus steers weighing 600 lbs. touched $128/cwt. There is an obvious opportunity here for cow-calf […] Read more
Klassen: Feeder cattle keep trending higher
Reading Time: 2 minutes Black steers in central Alberta weighing 550 pounds have sold for just over $130 per hundredweight (cwt) while 515-pound steers reached $142. Presorted red steers averaging 420 pounds touched $155/cwt. Sharply higher fed cattle values were quickly passed onto the feeder market, as local auctions reported prices $2 to $4 higher than a week earlier. […] Read more