Insights and Stories of Jerry Klassen

Sep. 27, 2010 at 5:43 pm CDT

U.S. yearling prices were $3-$4 per hundredweight (cwt) lower last week as Chicago Board of Trade (CBOT) corn futures reached their highest levels in two years. U.S. calves were moving $3-$7/cwt lower amidst lower demand and increasing head counts. Buying interest for replacement cattle has subsided, with feeding margins under […]

By Jerry Klassen

Sep. 21, 2010 at 3:19 am CDT

U.S. feeder values for weaned calves and yearlings were $3 to $5 lower last week due to stronger feedgrain values. Chicago Board of Trade (CBOT) corn futures made new highs last week, resulting in lower bids for replacement cattle, despite the strength in the deferred live cattle futures. Canadian prices […]

By Jerry Klassen

Sep. 13, 2010 at 4:33 am CDT

Feeder cattle prices in Western Canada were steady with week-ago levels with strong feedlot demand noted for heavier yearlings. The recent CanFax Alberta and Saskatchewan cattle on feed report showed feedlot supplies at four-year lows. Feedlots are running at below normal capacity for this time of year and enthusiasm for […]

By Jerry Klassen

Sep. 6, 2010 at 11:33 pm CDT

Feeder cattle futures were under pressure last week as December corn futures moved above the psychological $4.50 level. Top-quality steers weighing just over 900 pounds were selling for $106 in southern Alberta; 825-pound steers reached up to $114. Basis levels in Western Canada strengthened by $3 to $6 last week […]

By Jerry Klassen

Aug. 30, 2010 at 11:40 pm CDT

Feeder cattle futures made new contract highs last week due to tight available supplies and stronger fed cattle prices. While it is not unusual to see a correction after a surge higher, prices are expected to be well supported into the fall period. U.S. feeder cattle were $1 to $3 […]

By Jerry Klassen