Klassen: Feeder market makes another leg higher

For the week ending August 23, Western Canadian feeder cattle markets traded $5 to $10 increased on common in comparison with seven days earlier. In some places corresponding to Lethbridge, bigger packages of high quality yearlings traded $10 to as a lot as $20/cwt increased.

Many public sale barns held characteristic yearling gross sales over the previous week and there was no scarcity of shopping for curiosity. Lethbridge space feedlots had been aggressively bidding on native cattle. Ontario demand was evident throughout the Prairies with orders stretching into northern Alberta.

North of Pink Deer, the TEAM market report had medium to bigger body black Angus yearling steers averaging 1,050 kilos off grass with full processing information valued at $430.50/cwt fob ranch. The VJV Ponoka fall video sale had Charolais cross yearling heifers weighing 1,040 kilos off pasture buying and selling for $415/cwt fob ranch close to Ponoka.

Feed Grains Weekly: Price likely to keep stepping back

As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.

For September 15-19 supply, the TEAM market report had medium to bigger body black and purple steers off native pasture averaging 1,000 kilos with full processing information and really gentle butter priced at $446/cwt close to Cypress Hills, Saskatchewan. A rancher 200 km north of Saskatoon reported {that a} bigger group of combined “run-of-the-mill” steers with full processing and pictures, off grass set at 915 kilos traded for $481/cwt fob ranch for second week September supply.

The Perlich Bros Public sale video sale market report acknowledged that 70 Angus cross steers weighing slightly below 900 kilos off grass traded for $484/cwt fob ranch in Southern Alberta. On the identical sale, a big bundle of Angus cross grass fed yearling heifers weighing 883 kilos had been final bid at $451/cwt fob ranch for speedy supply.

On the Ste Rose Public sale Market ring sale, a smaller group of Simmental cross steers off grass averaging 818 kilos apparently offered for $492/cwt. The TEAM public sale market report had black and purple heifers evaluated at 810 kilos off pasture and mineral with full well being information settled at $473.50/cwt fob ranch close to Steinbach, Manitoba.

On the Perlich Bros Public sale ring sale, a smaller bundle of black Angus yearling steers weighing a shade beneath 800 kilos had been final bid at $529/cwt.

The VJV Ponoka fall direct video sale had a bundle of 90 steer calves blended with Charolais, Simmental and a contact of Angus genetics evaluated at 650 kilos buying and selling for $579/cwt fob ranch roughly 200 km north of Edmonton. The identical market report had a pen-sized group of Angus, Simmental and Limousin cross steers averaging 525 kilos setting bar at $671/cwt.

Alberta packers had been shopping for fed cattle on a dressed foundation within the vary of $505-$510/cwt, regular to $5/cwt increased than per week earlier. Utilizing a 60 per cent grading this equates to a dwell value of $303-$306/cwt.

Present breakeven pen closeouts values are within the vary of $280-$286/cwt. Feedlot margins are within the vary of $300 to $400 per head which has contributed to the stronger feeder market. Feed barley costs in Lethbridge have dropped $10/tonne over the previous week and there’s potential for additional draw back of $30-$40/tonne.