Klassen: Feeder market rally stalls on softer fed cattle market

For the week ending June 21, Western Canadian feeder cattle costs had been unchanged to $10 decrease on common in comparison with seven days earlier.  Nonetheless, costs for August and September supply had been unchanged from the earlier week.

Alberta packers had been shopping for fed cattle on a dressed foundation within the vary of $500-$502/cwt delivered, down $2-$4/cwt from the earlier week. The softer tone to the fed market brought on the rally within the feeder market to stall. It’s additionally that point of yr when feeder cattle provides are restricted. Whereas there are nonetheless some high quality packages coming accessible, the majority of public sale market volumes encompass off grades and stragglers, that are buying and selling at $10 to as a lot as $20 low cost.

The Ponoka market report had a big bundle of black blended steers marked a mean weight of 1075 kilos off grass for early August supply priced at $384/cwt.   For August 15 to September 15 supply, 1,000-pound blended steers off grass are buying and selling within the vary of $395-$400/cwt fob farm (relying on location) in Alberta and Saskatchewan.

The market report for Ste. Rose du Lac, Manitoba had black blended steers  averaging 880 kilos buying and selling for $424/cwt. Southeast of Edmonton, a smaller group of Simmental cross heifers evaluated at 900 kilos notched the board at $367/cwt.

On the Westlock sale, run-of-the-mill blended heifers on hay and greenfeed food plan with full herd well being information scaled at 801 kilos traded for $416/cwt. In Central Saskatchewan, bigger body decrease flesh Charolais steers weighing simply over 800 kilos supposedly bought for $465/cwt.

The Ponoka market report had purple blended steers averaging 702 kilos on greenfeed and oats food plan with processing data promoting for $501cwt.  South of Calgary, medium to bigger body, decrease flesh Angus primarily based heifers weighing 710 kilos had been final bid at $445/cwt

Southeast of Saskatoon, blended weaned heifers on the cardboard at 605 kilos supposedly traded at $502/cwt. The Ste Rose Public sale Mart report had black steers weighing slightly below 600 kilos reaching $615/cwt.

Within the Calgary area, Simmental primarily based 510-pound, weaned steers bought for $630/cwt. In Southern Alberta, blended weaned heifers round 520 kilos supposedly traded for $558/cwt.

On June 1, cattle on feed 150 days or longer in Alberta and Saskatchewan had been 359,177 head, up 2.9 per cent or 9,957 head or from the June 1, 2024 variety of 349,220. Market-ready fed cattle provides will make a seasonal excessive in Western Canada throughout June and it will possible weigh on the fed market. Secondly, it seems to be just like the dwell and feeder cattle futures have topped out in the meanwhile.

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