Reading Time: 2 minutes Western Canadian yearling prices were slightly softer during the second week of July, due to the historical high weekly marketings of feeder cattle south of the border; however, the market fully recovered last week. Feeder cattle prices tend to make a seasonal high in late July and this year is no exception. Market reports in […] Read more
Klassen: Feeder market jumps on optimistic outlook
Klassen: Large U.S. supplies weigh on Canadian feeder market
Reading Time: 2 minutes Compared to last week, feeder cattle prices were down $3 to as much as $6 across all weight categories. Most auction barns were closed last week for summer holidays and only small volumes traded in the key regions of Alberta. Feedyards are also running a skeleton crew, providing some much-needed time off after a busy […] Read more
Klassen: Fed cattle market leads yearlings higher
Reading Time: 2 minutes Compared to last week, yearlings traded $3 to as much as $6 higher. While many auction barns were on holidays, buyers had a full deck of orders for the limited supplies on hand. Many buyers and few sellers characterized the market environment. The quality of cattle is quite variable at this time of year but […] Read more
Klassen: Yearlings lead feeder complex higher
Reading Time: 2 minutes Compared to last week, yearlings traded $3 lower to as much as $8 higher. Lower supplies made the market hard to define in some regions but quality packages were very well bid. Heifers were somewhat softer but overall, the market continues to strengthen. Larger operations in southern Alberta were once again leading the charge higher […] Read more
Brazil’s BNDES willing to sell JBS stake
Reading Time: < 1 minute Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who asked for anonymity to discuss […] Read more
U.S. livestock: Cattle futures limit up on better cash sales
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures surged by their three cents/lb. daily price limit on Friday, boosted by investment fund buying and better-than-expected sales in cash cattle markets, traders and analysts said. Feeder cattle futures also climbed by their daily limit, of 4.5 cents/lb., tracking the higher prices in the more […] Read more
Klassen: Weaker barley prices enhance yearling prices
Reading Time: 2 minutes Compared to last week, yearlings traded $3 to as much as $8 higher, with strong buying interest noted from Lethbridge-area feedlots. Supplies of quality feeders are rather snug at this time of year and buyers were extremely aggressive on local packages. Prices in the non-major feeding areas appeared to lag southern Alberta markets but orders […] Read more
U.S. feedlots draw more cattle than expected in May
Reading Time: 2 minutes Chicago | Reuters — Ranchers in May drove more cattle into U.S. feedlots than anticipated compared with the same period a year ago, said analysts after Friday’s U.S. Department of Agriculture monthly Cattle on Feed report. The data also showed the June 1 feedlot cattle supply climbed 4.1 per cent from a year earlier — […] Read more
Klassen: Stronger demand sustains feeder cattle market
Reading Time: 2 minutes Western Canadian feeder cattle markets were relatively unchanged from week-ago levels. Feeder cattle numbers are declining at this time of year, so those buyers looking to secure ownership had to be more aggressive. Higher-quality packages were available in Saskatchewan, which traded at a small premium to Alberta markets. In central and southern Alberta, there appeared […] Read more
Klassen: Weaker corn, barley prices support feeder market
Reading Time: 2 minutes Western Canadian yearling prices traded $3 to as much as $8 above week-ago levels while calves were steady to $2 higher. Alberta packers were buying fed cattle in the range of $140-$143, unchanged from week-ago levels; however, a fortuitous $5 bounce in the U.S. fed cattle market bolstered buying enthusiasm for replacements. Feeder cattle futures […] Read more
A message from April Stewart, Country Guide's Associate Editor
