Insights and Stories of Jerry Klassen

Dec. 13, 2010 at 6:10 am CST

The western Canadian feeder cattle market was steady to $2 per hundredweight (cwt) firmer last week for  animals in the 6-weights and higher categories; lightweight feeders were up $5-$8/cwt in comparison to the previous week. We saw 700- to 800-pound steers in southern Alberta trade in the range of $116-$126/cwt […]

By Jerry Klassen

Dec. 6, 2010 at 6:22 am CST

The feeder cattle market is moving to levels where buyers have “ticker shock” and are becoming overwhelmed. Earlier in fall, many feedlot operators were holding back on purchases in hopes of softer values, but we now see these buyers step forward more aggressively before year-end. This last week, we saw […]

By Jerry Klassen

Nov. 29, 2010 at 6:33 pm CST

Feeder cattle markets in Western Canada held steady last week. The initial cold shock usually tempers buying enthusiasm, but we now find cattle buyers accustomed to the wintry conditions. Black Angus seven-weight steers touched $128 per hundredweight. Demand for lighter cattle was also firm with 500-weight cattle trading in the […]

By Jerry Klassen

Nov. 23, 2010 at 12:42 am CST

Feeder cattle futures reached over $117 per hundredweight last week on softer corn values and strengthening fed cattle prices. Western Canadian feeder cattle weighing less than 600 pounds were steady to $2 higher last week; cattle weighing 600 to 800 pounds were $1 to $2 weaker while 8-weight feeders were […]

By Jerry Klassen

Nov. 16, 2010 at 12:02 am CST

Calf prices in Western Canada were steady to $2 higher last week with 570-weight steers moving at $130 per hundredweight; tan steers weighing 540 pounds sold for $134/cwt. We continue to see strong demand from both feedlot operators and backgrounding operations. New technology implants and treating methods have caused the […]

By Jerry Klassen