Insights and Stories of Jerry Klassen

Jul. 22, 2012 at 1:35 pm CDT

U.S. feeder cattle prices were $4 to $8 per hundredweight (cwt) lower last week, which spilled over into western Canadian markets. Western Canadian prices were down $2-$4/cwt on average with little volume defining the price structure. Most of Western Canada has received greater than 125 per cent of normal precipitation […]

By Jerry Klassen

Jul. 15, 2012 at 11:05 pm CDT

Western Canadian feeder cattle prices were $2-$4 per hundredweight (cwt) lower on very thin summer volumes. Feeder cattle over 800 pounds were experiencing sharper losses, led by the weak U.S. market. Barley prices in southern Alberta reached historical highs of $285 per tonne, and it appears that this feedgrain rally […]

By Jerry Klassen

Jul. 9, 2012 at 3:55 am CDT

Western Canadian feeder cattle prices were down $4-$5 on average on very light volume sales. Pasture conditions are very good across the Prairies, limiting the number of replacement cattle coming on the market. Most auction markets are also in summer holiday mode and many buyers are on holidays. Cash barley […]

By Jerry Klassen

Jul. 3, 2012 at 5:49 am CDT

Thin volumes characterized last week’s feeder cattle market, with most action markets in summer holiday mode. Western Canadian prices were led lower by the U.S. market, which was under severe pressure due to stronger corn prices. Record temperatures were recorded in over 250 U.S. cities last week and the forecast […]

By Jerry Klassen

Jun. 25, 2012 at 11:00 am CDT

Rising corn futures, European economic turmoil and passive consumption patterns have strained feeder prices. Cattle futures dropped faster than a power window last week, with traders squealing about changing market conditions. It was not long ago that upside was unlimited and the world would run out of beef. My brother […]

By Jerry Klassen