Insights and Stories of Jerry Klassen

Dec. 20, 2014 at 2:08 am CST

Western Canadian feeder cattle prices were relatively steady early in the week but dropped $3 to $6 on average by Friday. Weakness at local auction barns was led by a softer fed cattle market and a extreme weakness in U.S. feeder values. U.S. fed cattle prices in Kansas have dropped […]

By Jerry Klassen

Dec. 13, 2014 at 1:45 pm CST

Western Canadian feeder cattle prices were unsettled last week, trading $3 higher to $3 lower. However, feedlot operators were eyeing the U.S. market, where softer U.S. fed cattle prices caused feeder cattle prices to drop by $4 to $8. The deteriorating Canadian dollar was mildly supportive, but the uncertainty in […]

By Jerry Klassen

Nov. 29, 2014 at 1:58 pm CST

Western Canadian feeder cattle prices were well supported this past week, with strong buying interest from both larger feedlot operators and the “year-end buyer” custom cattle feeder. Fed cattle prices continue to trade near historical highs, causing feedlots to aggressively liquidate market-ready supplies. Empty pens can have significant opportunity cost […]

By Jerry Klassen

Nov. 24, 2014 at 7:28 pm CST

Last week saw many auction barns holding their largest volumes of the year and there was no shortage of buying interest at these feature sales. Major feedlot operators were aggressively shopping because quality and risk sentiment appear to be more favourable this time of year. Calves have withstood adverse winter […]

By Jerry Klassen

Nov. 16, 2014 at 12:35 am CST

Western Canadian feeder cattle prices were steady to $3 higher on average this past week; quality calves were as much as $5 higher in certain cases. Strength in the fed cattle market enhanced feedlot margins for nearby positions which set a positive tone. South of the border, feeder prices were […]

By Jerry Klassen