(Lisa Guenther photo)

Klassen: Feeder market ends year on mixed sentiment

Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex

Reading Time: 2 minutes Western Canadian feeder cattle markets were unchanged, to as much as $10 lower compared to last week. Demand for heifers was suffering last week. A weaker tone was noted in the Eastern prairie regions as Ontario demand appeared to evaporate last week. Alberta packers were buying fed cattle on a dressed basis in the range of $368-$370/cwt, down $7-$8 from last week.