Insights and Stories of Jerry Klassen

Jul. 12, 2016 at 1:17 pm CDT

Western Canadian feeder cattle were traded $3 to $5 below week-ago levels, with replacements over 700 lbs. absorbing the bulk of the decline. Despite the sharp drop in barley prices, uncertainty in the deferred cash fed cattle prices caused feedlots operators to back away from the market. Secondly, ideas are […]

By Jerry Klassen

Jul. 5, 2016 at 9:51 am CDT

Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Many auction barns are in holiday mode and the shortened holiday week further shrunk market activity. In any case, feedlot operations on both sides of the border are focused on selling fed cattle and assessing current financial damage rather […]

By Jerry Klassen

Jun. 28, 2016 at 1:15 pm CDT

Western Canadian feeder cattle prices experienced a week-over-week decline of $8-$12 on average while isolated sales dropped nearly $20. The sharp fall in the fed cattle market was the main reason for the deteriorating buying interest. Just when feedlots thought the worst was over, the market gave them another dose […]

By Jerry Klassen

Jun. 21, 2016 at 6:57 pm CDT

Western Canadian feeder cattle markets experienced a softer tone over the past week as many auction barns are in summer holiday mode. Weakness in live and feeder cattle futures set a negative tone and by Friday, Alberta packers had dropped bids by nearly $12 on a dressed basis. Feedlot operators […]

By Jerry Klassen

Jun. 14, 2016 at 8:29 pm CDT

Western Canadian feeder cattle prices were steady to $5 higher over the past week on limited volumes. Stragglers from backgrounding operations and late-blooming calves set a reserved tone amongst buyers with large price variations at different regions of the Prairies. Feedlot margins are hovering around breakeven and there appears to […]

By Jerry Klassen