Insights and Stories of Jerry Klassen

Sep. 9, 2013 at 5:21 am CDT

Western Canadian feeder prices were very uneven last week, depending on the region. Barley prices continue to grind lower while feeding margins hover near break-even on current pen closeouts; both factors are the main influences underpinning the feeder market heading into the main fall run. U.S. feeder markets continue to […]

By Jerry Klassen

Sep. 3, 2013 at 3:25 am CDT

Western Canadian feeder cattle values were steady to $2 per hundredweight (cwt) higher in comparison to two weeks earlier. Feedlot managers have a reserved attitude and the market can feel the cautious optimism for the fed market four to five months forward. Beef demand usually slows down during September and […]

By Jerry Klassen

Aug. 19, 2013 at 2:51 am CDT

Wholesale beef prices have been trading near historical highs, which has supported fed and feeder cattle markets. Beef demand during the summer months has been slightly higher than anticipated, causing the combined weekly slaughter pace in Canada and the U.S. to exceed expectations. Favourable weather across the Midwest and Eastern […]

By Jerry Klassen

Aug. 12, 2013 at 4:20 am CDT

Western Canadian feeder cattle prices were generally $2 to $5 pre hundredweight (cwt) higher on average last week as the nearby barley market dropped $15 per tonne. The old-/new-crop barley price inverse finally released and there appears to be more downside risk in the short term, with harvest just around […]

By Jerry Klassen

Aug. 6, 2013 at 7:27 am CDT

Western Canadian feeder cattle prices continue to ratchet higher as feedgrain prices come under pressure. While overall auction volumes remain light, demand appears to be fairly aggressive for any larger groups of feeders with quality. U.S. markets continue to lead Canadian values higher trading $2 to $4 per hundredweight (cwt) […]

By Jerry Klassen