Insights and Stories of Jerry Klassen

Nov. 8, 2016 at 9:52 am CST

Western Canadian feeder cattle markets were relatively unchanged from week-ago levels as most auction barns held featured or pre-sort calf sales. However, premiums of $3 to as much as $8 were noted on pre-conditioned, quality-weaned replacements. Time in the market is more important than timing the market; longer term risk […]

By Jerry Klassen

Nov. 1, 2016 at 9:13 am CDT

Western Canadian feeder cattle markets experienced a week-over-week gain of $5 to $8. Strength in live cattle futures, along with the weaker Canadian dollar, rejuvenated buying interest amongst feedlot operators across the Prairies. Alberta packers were buying fed cattle in the range of $222 to $227 on a dressed basis, […]

By Jerry Klassen

Oct. 24, 2016 at 9:04 pm CDT

In a market profile, trader Peter Steidlmayer clarified that markets go up because there is no selling and markets go down because there is no buying. Western Canadian feeder markets were a perfect example of this market theory, as prices experienced a week-over-week decline of $10-$15. Feedlot operators once again […]

By Jerry Klassen

Oct. 18, 2016 at 4:33 pm CDT

A boulder falling off a mountain accelerates and gains momentum as it nears the ground. Until we see another force come into play, there’s no signal the lows are near in the feeder complex. Once again, the western Canadian feeder cattle traded $8 to $10 below week-ago levels, with sharper […]

By Jerry Klassen

Oct. 10, 2016 at 6:35 pm CDT

Patience is a virtue, the old saying goes. Unlike the past few years, feedlot operators have been rewarded for waiting and there is no clear signal the market has any incentive to deviate from the current direction. Western Canadian feeder markets were trading $5-$8 below week-ago levels as larger numbers […]

By Jerry Klassen