Reading Time: 2 minutes There were no market reports last week due to the holiday season; however, I still received a few calls from cattle producers regarding the feeder market outlook for the first quarter of 2023. The feeder market finished 2022 at 52-week highs. Steers averaging 500 lbs. were readily trading over the psychological $300 level while 900-lb. […] Read more
Klassen: Feeder market to start 2023 on firm tone
Counter-seasonal behaviour expected
Klassen: Historically high deferred live cattle futures support feeder complex
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $2 lower to $4 higher on average. Many auction barns were on holidays last week; therefore, the buying interest appeared to be more concentrated on the major markets. There were no reports from Manitoba last week. Alberta packers were buying fed cattle on a dressed […] Read more
Klassen: Feeder market ends 2022 on firm tone
Trade expecting bullish numbers from USDA
Reading Time: 2 minutes Compared to last week, western Canadian calves were trading $4 to as much as $8 higher. Adverse weather did not influence the market this week. There appeared to be a surge in demand across all weight categories. Higher quality or pre-conditioned vaccinated, weaned, lower flesh calves in the 600–700-pound category were up as much as […] Read more
Klassen: Stronger deferred live cattle support feeder market
Cow-calf operators seen hesitant to expand
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded $2-$3 on either side of unchanged. Calf prices were mostly unchanged compared to seven days earlier; however, there were pockets where buyers reported prices up $2-$3 on average. The Alberta calf market appeared to stage a minor recovery after softening over the past month. Manitoba markets […] Read more
Klassen: Feeder cattle market experiences diverse price behaviour
Manitoba calves hold a premium over Sask., Alta.
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $2 higher while calf prices were unchanged to $4 lower. Yearling supplies are limited and there appeared to be a surge of buying interest for 850-lb. thin-fleshed replacements. Alberta fed cattle basis levels for the second quarter of 2023 have above average and the […] Read more
Klassen: Feeder market rations demand
Risk discount built in with adverse weather
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were relatively unchanged while calf prices were steady to $6 lower. Demand from Ontario buyers caused markets in Manitoba and eastern Saskatchewan to hold value. Alberta prices were under pressure as the market appears to be rationing demand. Calf prices are 25-30 per cent higher than year-ago […] Read more
Klassen: Stronger deferred live cattle futures support feeder market
Fall run seen moving into final stages
Reading Time: 2 minutes Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held […] Read more
Klassen: Adverse weather limits demand for calves
Stronger Canadian dollar adds pressure
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were steady to $2 higher. Calves traded steady to $10 lower in Alberta while markets in Saskatchewan and Manitoba were quoted $5 lower to $2 higher. Adverse weather resulted in a softer tone for calves with Lethbridge temperatures dipping to -25 to -33 C last week. The […] Read more
Klassen: Tighter supplies underpin western Canadian feeder market
Weather conditions may sway buying interest
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were unchanged to $4 higher. Heavier calves notched a week-over-week gain of $2-$4. Mid-weight and lighter calves traded steady to $5 lower in Alberta but $4-$5 on either side of unchanged in Saskatchewan and Manitoba. Yearling numbers were limited and buyers paid up for quality packages while […] Read more
Klassen: Feeder cattle market experiences weather volatility
Reading Time: 2 minutes Compared to last week, Western Canadian yearling prices traded $3 to $4 on either side of side of unchanged while calves traded $5 lower to as much as $6 higher. The calf market tends to experience a seasonal bounce every November. In certain cases, buyers appeared to step forward more aggressively last week in anticipation […] Read more
A message from April Stewart, Country Guide's Associate Editor
