Klassen: Feeder market eyes deferred live cattle futures

For the week ending September 13, Western Canadian feeder cattle markets had been comparatively unchanged in comparison with seven days earlier. The April 2026 reside cattle futures ended the week at $233, down $10 from the contract highs.

Close by feedlot margins stay favorable; nonetheless, profitability within the deferred positions has evaporated given the weak spot within the deferred reside cattle futures.

Alberta packers had been shopping for fed cattle on a dressed foundation within the vary of $525-$526/cwt delivered regular to $1 larger than final week. Utilizing a 60 per cent grading, this equates to a variety of $315-$316/cwt delivered. U.S. packers had been exhibiting bids at $320/cwt fob feedlot in southern Alberta. Present breakeven pen closeouts in Southern Alberta vary for $286-$294/cwt.

Asia millers buy more U.S. wheat on competitive prices, Black Sea delays

Flour millers in Asia have ramped up imports of U.S. wheat in recent weeks, driven by competitive prices from American suppliers and delays in shipments from the Black Sea.

The Crew Public sale Market report had a package deal of 30 Black Angus steers with a imply weight of 1,000 kilos off grass with all very best processing procedures valued at $465/cwt fob Strathmore public sale yard deliverable September 17. This video sale additionally included a bigger package deal of tan heifers averaging 1,000 kilos off grass close to Consort, Alberta, with full processing information together with implants priced at $448/cwt fob ranch for September 18 pickup.

On the Perlich Bros Public sale Market close to Lethbridge, a smaller package deal of black Angus yearling steers off grass weighing 892 kilos offered for $512/cwt. On the Lloydminster Public sale Market, a seven pack of unique heifers averaging 935 kilos off grass with full preconditioning traded for $474/cwt on the ring and their lighter sisters with a imply weight of 878 kilos had been final bid at $483/cwt on the ring.

The Killarney sale report had a six pack of pink and black grass fed yearling steers evaluated 800 kilos priced at $544/cwt. The Ponoka Public sale Market report had a small package deal of blended heifers off grass with full processing information (no-implants) weighing 820 kilos marked at $491/cwt.

The Crew Public sale Market video sale had a bigger package deal of black and pink steers off cows and pasture with full pre-conditioning and age verified (no implants) scaled at 700 kilos valued at $576/cwt fob Ashern Public sale Mart supply on October 20.

The Lloydminster Public sale Market Report had a bunch of 24 tan steers averaging 604 kilos silencing the group at $661/cwt and their youthful brothers weighing 559 kilos notching the board at $726/cwt. The Perlich Bros Public sale Market report had a bunch of 11 pink Angus heifer calves averaging 575 kilos buying and selling for $612/cwt.

The Financial institution of Canada and U.S. Federal Reserve are poised to decrease their benchmark rate of interest by 25 foundation factors on September 17. It could take awhile to trickle right down to decrease curiosity prices for the feedlot operator; nonetheless, decrease rates of interest stimulate shopper spending which is supportive for beef demand.