Insights and Stories of Jerry Klassen

Jan. 5, 2021 at 3:59 am CST

The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains […]

By Jerry Klassen

Dec. 29, 2020 at 9:23 am CST

Compared to last week, Western Canadian feeder cattle prices were $2 lower to $3 higher depending on the region. Many auction markets were in holiday mode last week and thinner volumes made the market harder to define. Generally speaking, the market was supported by stronger deferred live cattle futures and […]

By Jerry Klassen

Dec. 22, 2020 at 10:11 am CST

Alberta packers were buying fed cattle in the range of $139 to $140 last week, up $1 to $2 from seven days earlier. Strength in the nearby fed cattle market along with the recent rally in the live cattle futures has been supportive for calves under 600 pounds.  Compared to […]

By Jerry Klassen

Dec. 16, 2020 at 9:03 am CST

Compared to last week, western Canadian feeder cattle markets traded $3 lower to $3 higher. Prices were generally steady to $3 higher on Friday after the U.S. Department of Agriculture lowered its estimate for second-quarter beef production by 125 million lbs. in Thursday’s world agricultural supply and demand estimates (WASDE). […]

By Jerry Klassen

Dec. 8, 2020 at 1:38 am CST

Compared to last week, western Canadian yearling markets traded steady to $4 lower; midweight calves traded $3 lower to $3 higher and calves under 550 lbs. were relatively unchanged. Yearling supplies are limited at this time of year but demand is also hard to find. These cattle will come on […]

By Jerry Klassen