Reading Time: 2 minutes Improving feedlot margins contributed to the stronger feeder market. Alberta packers were buying finished cattle on a dressed basis at $500/cwt delivered which was fresh record high. Using a 60 per cent grading, this equates to a live price of $300/cwt. Feedlot breakeven pen closeouts are in the range of $260-$270/cwt. Feedlots are anxious to reload and larger groups of quality packages are limited at this time of year.
Klassen: Lower beef production forecasts support feeder complex
Klassen: Buying interest for feeder cattle subsides
Reading Time: 2 minutes For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.
Anthrax found in Saskatchewan cattle
Lab results have confirmed that cattle in northwestern Saskatchewan died of anthrax.
Reading Time: 2 minutes Lab results have confirmed that cattle in northwestern Saskatchewan died of anthrax.
Klassen: Feedlot operators become cautious on purchases
Reading Time: 2 minutes For the week ending May 10, Western Canadian feeder cattle markets traded steady to $5 higher on average. Quality packages of lighter calves were priced $10-$15 above week ago levels. Many auction barns are only holding sales every two or three weeks at this time of year with limited numbers on offer. This made the market hard to define in certain weight categories.
Klassen: Feeder market consolidates as supplies decrease
Reading Time: 2 minutes For the week ending May 2, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. The heifer discount to steers continues to narrow. Steady buying interest from Ontario was noted in Manitoba and certain locations in Saskatchewan.
Klassen: Higher packer bids enhance feeder complex
Reading Time: 2 minutes For the week ending April 26, Western Canadian feeder cattle markets traded $3 to $5 higher compared to seven days earlier.
Klassen: Fall fed cattle supply concerns strengthen feeder complex
Reading Time: 2 minutes For the week ending April 19, Western Canadian feeder cattle markets traded $2 to $3 above week-ago levels. Many auction barns did not have sales due to Good Friday but sale volumes were also smaller at active locations.
U.S. livestock: Cattle lower amid broad selling pressure
Reading Time: < 1 minute Cattle futures on the Chicago Mercantile Exchange were lower on Monday, retreating from early gains as the livestock markets found themselves caught up in the broad weakness triggered by threats from United States President Donald Trump to remove Federal Reserve chair Jerome Powell.
US beef off the menu as the trade war hits Beijing’s American-style restaurants
US beef exports to China worth $125 million a month at risk
Reading Time: 2 minutes Beijing | Reuters – At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef – once the star ingredient – will soon be off the table. Home Plate’s beef, previously sourced entirely from the U.S., is increasingly Australian. The restaurant uses about 7 to 8 […] Read more
Klassen: Feeder market returns to historical highs
Reading Time: 2 minutes For the week ending April 12, Western Canadian feeder cattle markets traded stead to as much as $10 higher compared to seven days earlier. The market has fully recovered from U.S. tariff uncertainty. Strength in the fed cattle market and healthy feeding margins continue drive replacement prices upward.
A message from April Stewart, Country Guide's Associate Editor
