Insights and Stories of Jerry Klassen

Apr. 13, 2010 at 12:15 pm CDT

April 13 — U.S. feeder cattle are within reach of historical highs; strong feedlot competition along with tighter available supplies have resulted in prices surging $10 per hundredweight (cwt) in April. The U.S. Department of Agriculture reported the highest prices for six-weight steers in Nebraska brought back $138/cwt. Feedlots are […]

By Jerry Klassen

Apr. 5, 2010 at 11:19 pm CDT

April 6 — Feeder cattle prices in Western Canada were steady to $2 per hundredweight (cwt) higher last week while U.S. prices were $2 to $4 higher. The feeder market had a firmer tone after the U.S. Department of Agriculture’s prospective plantings and stocks report. U.S. farmers intend to seed […]

By Jerry Klassen

Mar. 29, 2010 at 11:07 pm CDT

March 29 — Improving feedlot margins and a slight dip in the Canadian dollar caused feeder cattle prices to ratchet higher last week. Slaughter cattle prices reached yearly highs and we are seeing this strength spill over into the feeder cattle complex. Supplies are still readily available and some cow/calf […]

By Jerry Klassen

Mar. 22, 2010 at 11:01 pm CDT

March 22 — Feeder cattle prices in Western Canada appear to be consolidating. Auction market volumes are 10 to 15 per cent above last year, reflecting the burdensome supply situation. Alberta and Saskatchewan feedlot placements during February were up 19 per cent over last year; however, marketings were down nine […]

By Jerry Klassen

Mar. 15, 2010 at 1:00 pm CDT

March 12 — Stronger fed cattle prices and improving feedlot margins continue to support Canadian feeder cattle prices. While the Canadian dollar continues to gain on the U.S. greenback, Canadian feeder cattle exports are starting to improve. Unofficial data has weekly February feeder cattle exports averaging 6,000 head per week, […]

By Jerry Klassen