Cattle eating from a concrete feed bunk in a feedlot.

Feeder market makes another leg higher

Many auction barns held feature yearling sales over the past week, and there was no shortage of buying interest

For the week ending Aug. 23, western Canadian feeder cattle markets traded $5 to $10 higher on average compared to seven days earlier.



Cattle eating from a concrete bunk in a feedlot.

Strong demand supports feeder cattle complex

Feedlot operators shrug off weaker live cattle futures on Aug. 8, which may have posed an ominous signal for the sector

For the week ending Aug. 9, western Canadian feeder cattle markets traded $5-$10 higher on average. Many weight categories notched fresh record highs.




Photo: Geralyn Wichers

Klassen: Feeder market in price discovery mode

For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define.  The market appears to be in price discovery mode for the grass yearling market.