Reading Time: 2 minutes For the week ending June 17, western Canadian feeder cattle prices were quoted $2-$5/cwt higher on average compared to seven days earlier. However, larger packages of quality yearlings traded $8-$10/cwt above week-ago levels. The market was hard to define because available supplies are dwindling at this time of year. The quality of cattle was extremely […] Read more
Klassen: 800-lb. steers touch $300/cwt mark
Nearby cash market at odds with futures
Taiwan formally opens to OTM Canadian beef
BSE-era restriction now lifted
Reading Time: 2 minutes Taiwan has officially lifted its import ban on Canadian beef and beef products from animals over 30 months of age (OTMs). Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau announced the move Friday, saying Taiwan’s decision “will offer an opportunity to expand Canadian beef exports to Taiwan and diversify export markets in the […] Read more
Klassen: Feeder cattle under 500 lbs. jump over $400
U.S. beef output expected down in 2024
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices for 800-lb.-plus cattle traded $8-$10/cwt higher. Feeder cattle in the range of 600-800 lbs. were up $6-$8/cwt on average. Calves weighing 500-600 lbs. were unchanged to $10 higher, although supplies were limited. Feather-light calves under 500 lbs. traded $10 to as much as $30 over week-ago levels. […] Read more
Klassen: Texas flooding lifts Canadian feeder market
Fed cattle in counter-seasonal trend
Reading Time: 2 minutes For the week ending Sunday, western Canadian feeder cattle markets traded $6-$8 higher. In some cases, quality yearling packages traded as much as $10 above week-ago levels. Live and feeder cattle futures closed the week US$8-$9 higher as traders monitored flooding conditions in Texas. Alberta packers were buying fed cattle on a live basis in […] Read more
Klassen: Canadian feeder market rationing demand
Improvement seen in feeding margins
Reading Time: 2 minutes For the week ending Saturday, western Canadian feeder markets averaged $3-$6/cwt higher compared to seven days earlier. Weakness in the Canadian dollar along with strength in the deferred live cattle futures set a positive tone. Recent rains have enhanced yield potential for the Canadian barley crop, which also underpinned nearby cash values. Alberta packers were […] Read more
Taiwan pledges full access for Canadian beef
Market to reopen in 'a couple weeks,' minister says
Reading Time: 2 minutes Canadian beef exporters can expect to regain full market access to Taiwan within the next couple of weeks, Canada’s international trade minister said Thursday. Posting on Twitter Thursday from the Asia Pacific Economic Cooperation (APEC) trade ministers’ meeting in Detroit, Mary Ng said Taiwanese officials have confirmed the decision, which she hailed as “great news […] Read more
Klassen: Weather forecasts underpin feeder market
High forage costs pose problem for cow-calf expansion
Reading Time: 2 minutes For the week ending Saturday, western Canadian feeder cattle markets were relatively unchanged from seven days earlier. The finishing feedlot operator appears to be dominating the feeder market across all weight categories. Ontario interest was creeping all the way into Alberta, especially for Limousin-type genetics. There were limited numbers on offer in Manitoba and Saskatchewan […] Read more
U.S. reports case of atypical BSE
Reading Time: < 1 minute Chicago | Reuters — The U.S. Department of Agriculture (USDA) announced on Friday an atypical case of bovine spongiform encephalopathy (BSE), in an older beef cow at a slaughter plant in South Carolina. USDA said the animal never entered slaughter channels and the agency did not expect any trade impacts as a result. It was […] Read more
Klassen: Lower beef production forecast drives feeder market higher
Feedlots factoring in lower feed grain values
Reading Time: 2 minutes Compared to the week ending May 6, western Canadian yearling prices were $2-$4 higher while calf values were up $2 to as much as $8 on average. The feeder market was well bid across all weight categories. Demand for grass cattle appeared to be more aggressive this past week. Yearling supplies will decrease over the […] Read more
Klassen: Feeder market remains firm on fed cattle strength
Alberta's disastrous wildfires may disrupt calf marketings
Reading Time: 2 minutes Compared to last week, western Canadian prices for yearlings over 800 lbs. were quoted steady to $4 higher; feeders between 600-800 lbs. were relatively unchanged while calves under 600 lbs. were $5-$10 higher. The market for calves under 600 lbs. was hard to define due to limited volumes. Alberta packers were buying fed cattle on […] Read more
A message from April Stewart, Country Guide's Associate Editor
