Photo: Geralyn Wichers

Klassen: Feeder market in price discovery mode

Reading Time: 2 minutes For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define.  The market appears to be in price discovery mode for the grass yearling market.






(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market may have overextended to the upside

Reading Time: 2 minutes For the week ending July 4, there were no feeder cattle sales in Western Canada due to holidays on July 1 and July 4. Major auction markets in the U.S. were also closed or had limited numbers on offer. Prices quoted from south of the border were steady to $4 higher on average but the market was hard to define.