Klassen: Feeder market eyes fed cattle for direction

For the week ending February 14, Western Canadian feeder cattle costs had been comparatively unchanged in comparison with seven days earlier. The deferred dwell cattle futures have been consolidating in a slender vary over the previous month, which has restricted the upside within the feeder advanced.

Provides of yearlings or replacements over 800 kilos are growing as backgrounding operators begin liquidating fall positioned calves. High quality and flesh circumstances are fairly variable on these cattle leading to a large value construction for comparable weight replacements.

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Pulse Weekly: Lentil prices currently lacking direction

There’s little at the present time to guide cash prices for lentils on the Canadian Prairies, said Marcos Mosnaim of Prairie IX in Toronto.

Alberta packers had been shopping for ate up a dressed foundation at a median value of $520/cwt delivered, up $3-$5/cwt from per week earlier. Utilizing a 60 per cent grading, the typical dwell value could be $312/cwt. Breakeven fed cattle costs on pen closeouts are within the vary of $318-$322/cwt (all prices included similar to feed, yardage, processing and so on).

The TEAM video sale included a gaggle of 62 Simmental Angus, large, long-frame, steers averaging 1,000 kilos with full processing information and implants on 10 per cent barley weight-reduction plan that offered for $466/cwt fob farm close to Lacombe for fast supply.

The VJV market report from Ponoka included a gaggle of black blended steers on 20 per cent barley weight-reduction plan with full processing data and implants evaluated at 858 kilos priced at $509/cwt. A farmer southwest of Calgary reported a pen of thinner, Angus cross, yearling heifers with full preconditioning data on gentle grain and silage weight-reduction plan averaging 875 kilos had been valued at $473/cwt fob farm.

On the Lloydminster sale, a gaggle of 46 medium to bigger body Simmental steers with a imply weight of 721 kilos dropped the gavel at $586/cwt. On the identical location, a gaggle of 89 Charolais cross heifers weighing 712 kilos had been final bid at $527/cwt.

On the VJV Westlock sale, a gaggle of 34 Angus Simmental cross weaned steers averaging 677 kilos on 5 kilos of oats and silage weight-reduction plan with full preconditioned data offered for $610/cwt.

The Killarney market report included a nine-pack of black steers weighing 621 kilos valued at $638/cwt. On the Ste. Rose sale, a gaggle of 20 black heifers averaging 606 kilos had been final bid at $588/cwt.

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On the Prince Albert sale, a smaller bundle of unique steers evaluated at 554 kilos offered for $692 and trio of British primarily based steers weighing 506 kilos notched the board at $759/cwt. North of Calgary, a gaggle of short-weaned pink steers averaging a shade over 500 kilos with full well being processing reportedly offered for $765/cwt.

In keeping with the USDA, U.S. first quarter beef manufacturing is now anticipated to complete close to 6.360 billion kilos, down 200 million kilos from final yr. Within the short-term, it seems that U.S. packers are effectively coated for his or her close by slaughter necessities which can negate the tighter provide fundamentals.