Insights and Stories of Jerry Klassen

Dec. 21, 2009 at 6:47 pm CST

Dec. 21 — The western Canadian feeder cattle market has stabilized after a week of harsh weather. Year-end income management, along with lower numbers coming on the market, resulted in a slightly higher price structure. The U.S. feeder market was steady to $3 higher, but this had a limited effect […]

By Jerry Klassen

Dec. 15, 2009 at 4:07 pm CST

Dec. 15 — The U.S. feeder market was $3 to $5 lower last week; Canadian values were steady to $3 lower. Adverse weather conditions across North America set a negative tone to the feeder market. Feedlots in Western Canada are dealing with extreme weather conditions and are not looking to […]

By Jerry Klassen

Dec. 8, 2009 at 2:03 pm CST

Feeder cattle prices remain under pressure in Western Canada due to lower fed cattle prices, negative feedlot margins and weaker deferred live cattle futures. There is little optimism in the cattle business as the Canadian dollar continues to trade near US95 cents. Canadian triple AAA prices continue to trade near […]

By Jerry Klassen

Dec. 1, 2009 at 6:22 pm CST

Dec. 1 — Feeder cattle prices in Western Canada remain soft due to larger available supplies and negative margins in the finishing feedlot sector. Values were $1 to $2 per hundredweight (cwt) lower on average this past week, with cattle merchants reporting additional pressure on the heavier calves. “Tax deferred” […]

By Jerry Klassen

Nov. 23, 2009 at 6:41 pm CST

Nov. 23 — Feeder cattle markets were steady to $2 lower in Western Canada for the week ending Nov. 20. Margins for the finishing feedlot remain deep in red ink and there is very little buying enthusiasm among feedlot managers these days. The fed cattle market in Alberta traded in […]

By Jerry Klassen