Klassen: Weaker fed market weighs on feeder cattle prices

For the week ending November 8, Western Canadian feeder cattle markets traded $10-$20/cwt under values from seven days earlier. Some packages weighing from 600 to 850 kilos have been down as a lot as $30 from week-ago ranges. The April dwell cattle futures fell $10/cwt over the course of the week whereas Alberta barley costs gained $5-$8/cwt. Feedlot operators exhibited a cautious tone and sure homeowners mentioned they’d stay on the sidelines till the market stabilized.

The TEAM public sale report had a bunch of Angus cross heifers averaging 975 kilos coming off grass food regimen with full herd well being knowledge valued at $425/cwt fob ranch close to Maple Creek for instant supply. In central Alberta, a cattle producer reported a mid-sized group of bigger body Simmental cross steers off grass weighing averaging 1,000 kilos traded for $460/cwt fob farm. Yearlings off grass right now of yr are onerous to return by.

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On the Killarney sale, a smaller bundle of Charolais cross steer calves averaging 816 kilos bought for $499/cwt. On the Ste Rose Public sale Mart, a bunch of 14 black and purple heifers averaging 816 kilos traded for $437/cwt.

The Meadow Lake market report had a bunch of 11 tan steer calves weighing 741 kilos promoting for $498/cwt. On the Ponoka sale, a bunch of tan steers off cows and grass with full processing data averaging 706 kilos traded for $538/cwt. The report additionally had Charolais heifers with a imply weight of 681 kilos notching the board at $502/cwt.

North of Calgary, a cattle producer reported a bunch of black, wide-frame Limousin cross, short-weaned, steers averaging 650 kilos traded for $570/cwt. The Gladstone market report included a bunch of purple and black steers evaluated at 594 kilos promoting for $632/cwt and a smaller bundle of black heifers scaled at 573 kilos buying and selling arms at $550/cwt.

The TEAM public sale report had a bunch of 105 purple and black steers with a imply weight of 550 kilos with full processing data (no implants) coming straight off their moms valued at $630/cwt fob ranch close to Minton, Saskatchewan.

North of Calgary, a smaller bundle of combined heifers averaging 525 kilos coming off cows and grass with well being knowledge apparently bought for $588/cwt. The Meadow Lake market report had a bunch of 23 black steers weighing 399 kilos valued at $822/cwt.

Alberta packers have been shopping for fed cattle on a dressed foundation within the vary of $493-$495/cwt delivered. Stay costs have been quoted within the vary of $292-$296/cwt fob feedlot in Southern Alberta. Present breakeven pen closeout values are at $297/cwt so margins are shifting into unfavorable territory. Feedlot margins are deep in purple ink for March and April 2026 primarily based on Fridays dwell cattle futures shut.