Klassen: Feeder Cattle Market Waits For Direction

For the week ending January 31, Western Canadian feeder markets had been comparatively unchanged from seven days earlier.

Hostile climate in southern Alberta might have tempered shopping for curiosity for lighter weight calves. Alberta packers had been shopping for fed cattle on a dressed foundation within the vary of $508-$510 per hundredweight delivered, regular to $2/cwt increased than final week. Dwell cattle costs close to Lethbridge fob feedlot had been averaging $305/cwt. Feedlot margins have improved however stay in crimson ink by $200-$300 per head. Given present costs, the break-even fed cattle value for June on a dwell foundation is within the vary of $350-$355/cwt. That is the primary factoring stemming further power within the feeder advanced.

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The TEAM market report included a bunch of 140 Charolais blended steers averaging 980 kilos, with full processing knowledge however no implants, coming off a weight loss plan of barley and corn silage that traded for $461 fob farm close to Kelwood, Man. for supply March 10-17.

Northeast of Calgary, a backgrounding operation reported a bunch of huge extensive body black Limousin cross steers weighing simply over 900 kilos with full processing on a light-weight grain and silage diet-controlled weight acquire ration had been valued at $475/cwt fob feedlot. Fleshier cattle of comparable weight traded at a $15 to $30/cwt low cost.

On the Ponoka sale, a bundle of 44 Simmental Angus cross steers averaging 822 kilos with full processing information on barley and haylage weight loss plan bought for $517/cwt. On the identical sale, Charolais blended pre-conditioned heifers evaluated at 812 kilos on backgrounding ration carrying medium to lighter flesh had been valued at $475/cwt.

On the Perlich Bros Public sale Mart close to Lethbridge, a smaller group of Charolais based mostly steers weighing 748 kilos dropped the gavel at $566/cwt. On the identical sale, a bundle of 26 crimson blended steers averaging 727 kilos exited the ring at $590/cwt. On the Lloydminster sale, a bunch of 26 crimson heifers with a imply weight of 714 kilos traded for $510/cwt.

On the Ste Rose du Lac sale in Manitoba, blended steers with a imply weight of 618 kilos traded for $627 and a smaller bundle of blended heifers averaging 612 kilos bought for $554/cwt. Fascinating to notice on the Clyde sale in Alberta, a bunch of heifers for beef cow alternative weighing 648 kilos had been quoted at $591/cwt.

The Lloydminster market report included at group of Charolais steers averaging 530 kilos that bought for $715. AT the identical sale, a nine-pack of 450-pound crimson and black Angus steers had been quoted at $859/cwt

The market is in a really distinctive state of affairs. If we don’t see the fed cattle market rally by late March or April, the feeder market will begin to decline regardless of the tighter provide state of affairs.