Insights and Stories of Jerry Klassen

Feb. 2, 2010 at 4:37 pm CST

Feb. 1 — The U.S. Department of Agriculture’s cattle inventory report was considered constructive for the beef complex. Total U.S. cattle inventory as of Jan. 1 was 93.701 million, down one per cent from last year. Beef cows that have calved were also down one per cent from last year […]

By Jerry Klassen

Jan. 25, 2010 at 6:30 pm CST

Jan. 25 — Feeder cattle prices in Western Canada were $3 to $5 higher last week; U.S. prices were also $2 to $4 higher for heavier animals, while cattle under 500 pounds were $8 to $10 higher for the second week in a row. Despite larger numbers of feeder cattle […]

By Jerry Klassen

Jan. 19, 2010 at 5:51 pm CST

Jan. 18 — The bearish U.S. Department of Agriculture corn report had a positive effect on the North American feeder cattle complex. Prices in the U.S. southern Plains were quite strong and feedlots appear to have renewed optimism. Lightweight feeder cattle under 600 pounds sold for $4-$6 per hundredweight (cwt) […]

By Jerry Klassen

Jan. 12, 2010 at 2:09 am CST

Jan. 11 — Feeder cattle prices in Western Canada were slightly lower over the past week due to the stronger Canadian dollar and weaker feedlot demand. Weather is setting a negative tone to overall market conditions on both sides of the border. Feedlots in the U.S. southern Plains were dealing […]

By Jerry Klassen

Jan. 5, 2010 at 4:12 pm CST

Jan. 4 — Auction markets have been rather quiet over the past couple weeks due to the holiday schedule. Feeder cattle prices appear to have stabilized for the time being. Looking forward, there are still a number of risks weighing on the market in the short term. Finishing feedlot margins […]

By Jerry Klassen