Reading Time: 2 minutes Chicago | Reuters — Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline […] Read more
U.S. cattle placements spike in August
Klassen: Feeder market experiences renewed optimism
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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: Lethbridge demand drives up yearling market
Reading Time: 2 minutes Western Canadian feeder cattle markets traded $5-$8 above week-ago levels. The first major yearling sales occurred in southern Alberta, which appeared to kick-start the buying momentum. Alberta fed cattle prices and wholesale beef values were under pressure; however, feedlot operators were extremely tenacious. Buyers capriciously worked orders throughout the week and by the Friday, quality […] Read more
Klassen: Feeder market softens on trade comments
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices steady to $5 lower while calves traded steady to as much as $10 lower. Alberta feedlots were shopping across the Prairies; light demand surfaced from eastern Canadian buyers while subdued buying interest was noted from the U.S. Limited numbers were on offer in the eastern Prairie regions […] Read more
U.S. July feedlot cattle placements smaller than expected
Reading Time: 2 minutes Chicago | Reuters — Ranchers in July placed 2.7 per cent more cattle in U.S. feedlots than a year ago, the U.S. Department of Agriculture reported on Friday, which fell short of average analysts’ forecasts. Dwindling profits for feedyards, after being paid less for their cattle by packers, discouraged them from buying calves for fattening […] Read more
Klassen: Yearlings define feeder market
Reading Time: 2 minutes Western Canadian feeder cattle markets became more established this past week as early yearling sales captivated major feedlot operators. Prices were relatively unchanged from week-ago levels; however, larger volumes confirmed the price structure. Higher-quality lower-flesh cattle were featured weighing 850 to 1,050 lbs. at most sales. Feedlots have plenty of pen space and with the […] Read more
Klassen: Strong demand surfacing for feeder cattle
Reading Time: 2 minutes Western Canadian feeder cattle markets were quite variable over the past week. Auction barns in Manitoba and Saskatchewan remain in holiday mode. However, markets are coming to life in Alberta. Certain ranchers are starting to sell early bloomers and there’s no shortage of demand for these yearlings. In east-central Alberta, a couple of small groups […] Read more
Klassen: Feeder market anticipates higher feed grain prices
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices were steady to $5 higher. Across the prairies, strong demand was noted on limited offerings. Most auction barns are gearing up for major sales over the next couple weeks; however, it appears that a few ranchers were testing the waters and the results were quite surprising. Feedlot operators […] Read more
Klassen: Renewed optimism supports feeder market
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets were trading $3 lower to as much as $5 higher. Once again, most auction barns were either closed or had limited numbers on offer. Lighter-weight yearlings were in high demand, especially after the triple-digit gains in the live and feeder cattle futures on Wednesday and Thursday. […] Read more
A message from April Stewart, Country Guide's Associate Editor
