Insights and Stories of 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

Jun. 18, 2012 at 12:31 am CDT

Alberta packers bought slaughter cattle in the range of $110-$112 per hundredweight last week, down $3/cwt from a week earlier in June. Packers have finished purchases for the July 4 weekend; therefore, the market was experiencing softer demand. Sluggish fed cattle prices caused feeder cattle to trade $2-$5/cwt lower in […]

By Jerry Klassen

Jun. 11, 2012 at 4:09 am CDT

Western Canadian feeder cattle prices were $2-$3 per hundredweight (cwt) higher on average last week. Auction market volumes have been declining, but steady feedlot demand and the weaker Canadian dollar have supported the feeder market. Major feedlots are moving through a massive liquidation phase of fall-placed calves and margins have […]

By Jerry Klassen

Jun. 6, 2012 at 5:39 pm CDT

Western Canadian feeder cattle prices were steady last week with week-ago levels, with grass cattle trading $2-$4 per hundredweight (cwt) higher. The market in general is experiencing lower volumes with steady demand. Despite the weaker economic situation, fed cattle prices appear to be stabilizing, with the deferred live cattle futures […]

By Jerry Klassen