Klassen: Feeder market drops sharply

For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt decrease in comparison with seven days earlier. Money feeder markets had been off by $30-$40/cwt early within the week however then marginally recovered on Wednesday because the feeder cattle futures market stabilized.

There have been a couple of exceptions. Greater high quality yearlings over 800 kilos coming straight off grass had been unchanged to $10/cwt decrease on common. Calves beneath 550 kilos had been unchanged to $15 decrease in comparison with prior week.

The TEAM video market report had a bundle of 120 Simmental Angus cross heifers averaging 1,000 kilos straight off grass, with full processing information however no implants valued at $425/cwt fob ranch close to Elkhorn, Manitoba for supply the week of November 3-Seventh.

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A cattle producer north of Calgary reported a bigger bundle of 1,000 pound black broad body Limousin cross steers off grass with full processing information and implants traded for $458/cwt fob ranch deliverable November 3-7.

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In central Alberta, there have been packages of high quality steers within the weight vary of 800-825 kilos that traded within the vary of $465-$485/cwt early within the week. On Monday, on the Killarney sale, a gaggle of 25 black steer calves averaging 836 kilos traded for $482/cwt. On Thursday, on the Ste Rose Public sale Mart in Manitoba, a smaller bundle of Charolais cross steers off grass averaging 870 kilos traded $513/cwt.

A rancher reported a bigger bundle of Simmental-based steer calves averaging 700 kilos coming off cows and forage with processing information offered for $548 at a hoop sale north of Calgary. Southeast of Saskatoon, a cattle purchaser reported at group of fifty black heifers straight off their moms and pasture averaging 705 kilos had been valued at $480/cwt fob ranch.

On the Vermillion sale a bundle of 48 tan steers with a imply weight of 607 kilos traded for $599/cwt. On the similar sale, a gaggle of 25 Charolais heifers averaging 625 kilos offered for $547/cwt.

The TEAM video market report had a gaggle of 80 Angus cross steers with a imply weight of 540 kilos with well being information and no implants off cows and grass offered for $686/cwt fob ranch close to Maple Creek, Sask., for instant supply.

On the Ponoka ring sale, a gaggle of 16 crimson combined heifers weighing 538 kilos off cows grass and hay with full processing information and no implants had been final bid at $557/cwt. There was additionally a gaggle of tan steers straight off their moms averaging 500 kilos that traded for $744/cwt.

The Rimbey market report had a handful of Could/June born black calves averaging 469 kilos coming off cows and pasture with well being information priced at $741/cwt.

The April dwell cattle futures had been buying and selling $25-$30 off the contract highs. If feedlot operators didn’t hedge up incoming feeder cattle earlier in October, the margins on present stock is unfavorable $350-$450 per head. U.S. feeder cattle markets had been down US$20/cwt-US$30/cwt from seven days earlier.