Insights and Stories of Jerry Klassen

May. 16, 2011 at 10:59 pm CDT

Feeder cattle prices continue to grind lower as replacement cattle are now $8 to $10 off the spring highs. For example, central Alberta feeder steers weighing 620 pounds were selling for $150 during the first week of April, but last week brought back $139. This was a demand-driven rally and […]

By Jerry Klassen

May. 10, 2011 at 5:32 am CDT

Feeder cattle prices were steady to $2 lower last week as larger supplies weighed on the market structure. Backgrounding operators were waiting for drier conditions to liquidate supplies and there was a short window of opportunity last week. However, feedlot operators showed very little interest with the forecast for additional […]

By Jerry Klassen

May. 3, 2011 at 7:08 am CDT

Feeder cattle in Western Canada were $2 to $3 lower last week despite the lower numbers coming on the market. Weakness in the fed cattle prices, along with the potential for negative feeding margins, set a softer tone in the feeder complex. Buyers were not receiving the stream of orders […]

By Jerry Klassen

Apr. 25, 2011 at 5:11 pm CDT

Feeder cattle prices in Western Canada continue to grind lower due to softer slaughter values and rising feedgrain prices. Alberta fed cattle dropped $2 to $4 last week, with steers trading in the range of $108.50 to $111. On Monday (April 25), cattle in Texas traded at $117, down from […]

By Jerry Klassen

Apr. 18, 2011 at 11:01 pm CDT

Feeder cattle prices in Western Canada were $2 to $3 lower last week due to weaker slaughter values and rising barley prices. Alberta steers in the 500- to 600-pound category traded in the range of $140 to $150; auction markets reported 600- to 700-pound replacement steers in the range of […]

By Jerry Klassen