Reading Time: 2 minutes Western Canadian feeder cattle prices traded $5-$8 above week-ago levels with quality groups of steers selling for as much as $10 higher. Renewed optimism surfaced amongst feedlot operators as feeding margins appear to be moving above break-even pen closeout values. Auction markets that only had two or three major buyers at previous sales in spring […] Read more
Klassen: Feeder market bounces off previous lows
U.S. asked to seize Bundy cattle to protect tortoises
Reading Time: 2 minutes Reuters –– Environmental groups have asked the U.S. government to seize hundreds of jailed militant rancher Cliven Bundy’s cattle, saying unregulated grazing of his herd on public lands in Nevada threatens habitat for federally protected desert tortoises. The request from nine organizations in a letter sent on Monday to the U.S. Bureau of Land Management […] Read more
Klassen: Drop in fed cattle prices weighs on feeder complex
Reading Time: 2 minutes Alberta fed cattle prices dropped sharply last week, with dressed sales falling $10 to $20 from seven days earlier. Despite the weakening Canadian dollar, wholesale beef prices also fell US$10/cwt which offset any currency benefit. Feedlot operators froze with disbelief as the market suffered one of the sharpest week-over-week declines in recent memory. The hot […] Read more
Earls retreats from U.S. beef sourcing
Reading Time: 3 minutes Canadian upscale-casual dining chain Earls Restaurants has pulled back from its recent public commitment to the “Certified Humane Beef” brand. Mo Jessa, president of Vancouver-based Earls, said Wednesday the company will instead begin to “work with local ranchers to build our supply of Alberta beef that meets our criteria” for animal care and treatment. The […] Read more
Klassen: Downward price trend continues for feeder cattle
Reading Time: 2 minutes The feeder cattle market feels like a falling dagger — and trying to pick a bottom can be painful. Western Canadian auction markets saw heavier replacements over 800 lbs. fall $8-$12 compared to last week; calves were generally $5-$8 below week-ago levels. Feedlot buying interest was once again limited to two or three major operations […] Read more
Earls ups ante on beef sourcing
Reading Time: 2 minutes Vancouver-based Earls Restaurants, owner of the upscale-casual dining chain Earls Kitchen + Bar, has gone all in on Certified Humane Beef — but has also gone outside Canada to get it. The company, which operates 59 Earls restaurants in Canada and seven in the U.S., on Tuesday billed itself as the first North American chain […] Read more
Klassen: Limited buying interest softens feeder market
Reading Time: 2 minutes Just when I thought feeder cattle prices were stabilizing, once again the unexpected occurs. A sharp rally in U.S. grain futures, along with weaker fed cattle prices, caused western Canadian feeder cattle to trade $6-$12 lower compared to week-ago levels. Auction markets reported limited buying interest, with often only two or three larger feedlots stepping […] Read more
Klassen: Feeder cattle market garners support
Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively stable over the past week while prices in the major feeding regions were $2 to $5 higher. Alberta fed cattle prices were $2 higher, trading in the range of $170 to $172, which bolstered buying enthusiasm in the heavier weight categories. Feedlot operators in the Lethbridge area were […] Read more
Oklahoma senators seek tougher cattle rustling penalties
Reading Time: 2 minutes Oklahoma City | Reuters — Oklahoma lawmakers sent a measure to the governor on Tuesday to increase penalties for cattle rustling, in an attempt to curtail a crime associated with the Wild West that has seen a resurgence from ranch hands stealing livestock to feed their drug habits. The bill approved by the Oklahoma Senate […] Read more
Klassen: Feeder cattle markets remain sluggish
Reading Time: 2 minutes Compared to last week, Canadian feeder cattle prices were steady to $5 lower across the Prairies while lighter-weight categories suffered a week-over-week decline of $4 to $6. Feedlots were a bit more aggressive on yearlings as quality backgrounded cattle are starting to dwindle at this time of year. A larger group of larger-frame lower-flesh Simmental […] Read more
A message from April Stewart, Country Guide's Associate Editor
