Reading Time: 2 minutes Compared to last week, western Canadian yearlings sold $3 to as much as $6 higher while calf markets were relatively unchanged. Feeder cattle futures experienced a $5-$7 rally, which quickly renewed optimism in the cash trade. Ideas that yearling supplies will drop below year-ago levels on both sides of the border this August spurred on […] Read more
Klassen: Feeder market undergoes minor recovery
Klassen: Fed cattle market drops, feeder market follows
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were trading $3-$5 lower; markets for calves and feeders fit for grass were unchanged to $3 lower. Alberta packers were buying fed cattle at $242 on a dressed basis, down $20-$28 from seven days earlier. The sharp drop in the fed cattle market caused feedlot operators to […] Read more
Klassen: Spring weather revitalizes feeder market
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $4-$6 higher. Yearlings led the charge higher with quality packages selling $5 to as much as $8 above week-ago levels. The return of seasonal temperatures provided a shot of adrenaline for the feeder market. There are quite a few operations carrying minimal numbers because of […] Read more
Klassen: Feeder market stabilizes
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Stronger export demand appears to be supporting the market in Manitoba and certain pockets in Saskatchewan; however, Alberta feedlot interest remains subdued. Adverse weather continues to plague southern Alberta. Snow and freezing temperatures followed by brief melting periods have resulted in very poor […] Read more
Klassen: Feeder market continues lower trend
Reading Time: 2 minutes Western Canadian feeder cattle markets traded $5 to $8 below week-ago levels; noticeable declines were noted in the lighter weight categories, which were down $6 to as much as $10. Adverse weather continues to plague the feedlot regions of Alberta and Saskatchewan. Another snowfall over the weekend caused pen conditions to erode to lowest levels […] Read more
Klassen: Feeder markets experience lacklustre trade
Reading Time: 2 minutes Western Canadian feeder cattle prices were relatively unchanged from week-ago levels as extremely cold temperatures hinder market activity. Most auction barns reported small groups of various quality cattle on offer, which made the market hard to define. In the major markets of Alberta such as Lethbridge, there were very few yearlings available. This forced major […] Read more
U.S. livestock: Lean hogs rally on short-covering, bargain buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied more than two per cent on Monday in a short-covering and bargain-buying rebound from steep declines last week and as cash pork prices rose. The actively-traded Chicago Mercantile Exchange April contract touched a 4-1/2 month low early in the trading session but recovered to […] Read more
Klassen: Feeder market stabilizes on U.S. inventory data
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices were relatively unchanged but there was a wide variation across the Prairies. Major markets in Alberta traded steady to as much as $5 higher, while Saskatchewan and Manitoba prices were quoted $3 higher to as much as $5 lower. Major finishing operations in Alberta focused on […] Read more
Klassen: Feeder market grinds lower
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices traded $4-$6 lower; however, yearlings and heavier calves experienced a week-over-week decline of $4 to as much as $8 with significant weakness noted in the eastern Prairie regions. Finishing feedlots continue to sit on their hands. Order buyers were active on a scale-down basis and surprised […] Read more
Klassen: Feeder market lacks demand in new tax year
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle traded $8-$10 lower while U.S. prices were also down $5-$10 from week-ago levels. The feeder market appeared to short-circuit after I thought the market was charged to move higher in last week’s report. Feedlot operators and cattle feeders saturated their demand prior to the New Year and […] Read more
A message from April Stewart, Country Guide's Associate Editor
