Insights and Stories of Jerry Klassen

Jan. 27, 2014 at 2:32 am CST

Newton’s first law of motion continues to describe the cattle market, as an object in motion tends to stay in motion until acted upon by another force. Last year is a distant memory for most cattle producers as ownership becomes a key feature and no eye blinks at paying $196 […]

By Jerry Klassen

Jan. 20, 2014 at 8:02 am CST

Western Canadian feeder cattle prices were $5 to $8 per hundredweight (cwt) higher on average, compared to seven days earlier, and are a solid $15/cwt higher relative to average values in December. Most auction barns are now back to regular sales after the holiday season and larger volumes allowed buyers […]

By Jerry Klassen

Jan. 13, 2014 at 3:49 am CST

Fed cattle in Alberta jumped $4 per hundredweight last week, reaching $134/cwt, which is near record highs. The weaker Canadian dollar, along with historically strong wholesale beef prices, set a positive tone for the overall live cattle complex. It appears most pen closeouts are showing profits over $100/head, which something […]

By Jerry Klassen

Jan. 6, 2014 at 12:47 am CST

Western Canadian feeder cattle prices are expected to jump $4 to $8 per hundredweight (cwt) over the next couple of weeks as stronger slaughter prices and lower feed grains continue to drive the market higher. While most auction markets were closed over the holiday season, feedlot operators are looking south […]

By Jerry Klassen

Dec. 30, 2013 at 8:06 am CST

This past year was another volatile 52-week period for the feeder cattle complex. Looking back at market reviews, I believe the lowest market sentiment was in late April when Charolais-cross steers were trading at $128 per hundredweight (cwt) in Lethbridge while barley was touching the $300 per tonne level. This […]

By Jerry Klassen