Klassen: Feeder market remains volatile

For the week ending September 27, Western Canadian feeder cattle markets traded $10/cwt increased to $10/cwt decrease in comparison with seven days earlier.

There have been two primary components that contributed to the volatility. The deferred reside cattle futures rallied on Monday however then gave again all of the features by the tip of the week. Secondly, Ontario shopping for curiosity resurfaced in sure areas throughout the Prairies, which resulted in stronger costs. Nonetheless, Alberta feedlot demand was considerably subdued in comparison with per week earlier.

The Ponoka Public sale Market report had a bigger group of tan heifers off grass with full processing data averaging 1020 kilos buying and selling for $451/cwt. The TEAM video sale had black and purple steers off grass with a imply weight of 1,020 kilos with full processing information and implants priced at $467/cwt fob ranch close to Veteran Alberta.

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A rancher reported a bundle of Charolais primarily based steers weighing 940 kilos straight off grass traded for $498/cwt northwest of Calgary.

The Gladstone Public sale market report had a smaller bundle of black yearling steers off grass weighing 843 kilos valued at $542/cwt. A nine-pack of comparable high quality heifers evaluated at 777 kilos had been final bid at $516/cwt on the identical sale. The TEAM Video Public sale had a bunch of bigger body black and purple steers averaging 825 kilos off grass on the complete herd well being program priced at $538/cwt fob ranch close to Hanley, Saskatchewan.

The VJV Rimbey Public sale reported a small group of Simmental cross Gelbvieh steer calves averaging 743 kilos off cows and grass with full processing information moved by the ring at $585/cwt. On the Ponoka sale, a small group of combined yearling heifers off grass with full well being data and no implants scaled at 732 kilos notched the board at $519/cwt.

The Vermillion Livestock Trade market report had a bunch of tan steers averaging 658 kilos promoting for $618/cwt. Extra importantly, a bunch of black alternative heifers averaging 638 kilos had been valued at $614/cwt. On the Ste Rose Public sale Mart, a smaller bundle of Simmental cross steers weighing a shade over 600 kilos traded for $640/cwt on the ring.

The Prince Albert Public sale market report had black bawling steers weighing 504 kilos marked at $741/cwt and related high quality heifers averaging 495 kilos priced at $655/cwt.

Alberta packers had been shopping for fed cattle on a dressed foundation within the vary of $520-$525/cwt delivered, unchanged from per week earlier. Utilizing a 60 per cent grading, this equates to a reside value of $312-$315/cwt. Cattle purchased this week had been scheduled for November supply.

U.S. and Canadian packers seem like properly coated for his or her close by slaughter necessities. The dearth of shopping for curiosity for fed cattle contributed to the softer tone from Alberta feedlot operators.