Klassen: Feeder market consolidates as supplies decrease

For the week ending Might 2, Western Canadian feeder cattle markets have been comparatively unchanged in comparison with seven days earlier. The heifer low cost to steers continues to slim. Regular shopping for curiosity from Ontario was famous in Manitoba and sure places in Saskatchewan.

Packages are smaller presently of yr. Feedlot operators are having to supply from many places to construct pen-sized teams, which has contributed to wider variation in costs throughout the Prairies. Patrons report that some feedlot operators are on the sidelines in the interim and have withdrawn bids given the excessive threat situation available in the market.

On the Ste Rose Public sale in Manitoba, a small bundle of Charolais cross steers weighing 948 kilos traded for $388. On the Ponoka sale, a smaller bundle of Charolais steers weighing 890 kilos dropped the gavel at $405. On the identical sale, black blended steers averaging 850 kilos on silage and restricted rolled barley ration with full well being data offered for $414. In Lloydminster, bigger body Simmental heifers carrying lighter butter evaluated at 850 kilos have been final bid at $389.

The Dawson Creek market report had a smaller bundle of blended steers averaging 740 kilos buying and selling for $454. On the Killarney sale, medium to bigger body purple steers with a imply weight of 700 kilos notched the board at $451. On the identical sale, bigger, wide-frame, black heifers evaluated at 708 kilos apparently silenced that crowd at $437. By the top of the week, 700 pound steers a serious places have been buying and selling at or close to $500. In central Saskatchewan, there a pair smaller packages of bigger body increased genetic steers averaging round 700 kilos buying and selling for simply over $500.

In Southern Alberta, Charolais cross, weaned, preconditioned steers weighing simply over 600 kilos have been valued at $550. The Lloydminster market report had Charolais heifers averaging 600 kilos buying and selling for $505.

East of Calgary, black Limousin primarily based steers weighing simply over 500 kilos apparently offered for $580. North of Calgary, a smaller bundle of blended heifers scaled at 540 kilos reportedly traded for $525. The Ste Rose Public sale in Manitoba had small bundle of black steers weighing 514 kilos marked at $634.

Alberta packers have been shopping for fed cattle within the vary of $487-$$490cwt, up $4-$7/cwt from the earlier week. Utilizing a 60 per cent grading, this equates to a stay worth of $292-$294/cwt. Breakeven pen closeouts are within the vary of $260-$265. Worthwhile feeding margins proceed to reinforce demand for replacements. Wholesale alternative beef was buying and selling at US$345/cwt on Wednesday, April 30. This was up US$11/cwt from seven days earlier and a contemporary historic excessive.

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