We start off with high pressure dominating most of the Prairies. A large surface high is sitting over the north-central U.S. This is beginning to tap into more heat and moisture, which will allow for warmer daytime highs and nighttime lows as dewpoints creep up.
Tag Archives fed cattle — page 2
Prairie forecast: Mostly warm and dry weather expected
Forecast issued May 28, covering May 28 to June 4, 2025
Klassen: Lower beef production forecasts support feeder complex
Improving feedlot margins contributed to the stronger feeder market. Alberta packers were buying finished cattle on a dressed basis at $500/cwt delivered which was fresh record high. Using a 60 per cent grading, this equates to a live price of $300/cwt. Feedlot breakeven pen closeouts are in the range of $260-$270/cwt. Feedlots are anxious to reload and larger groups of quality packages are limited at this time of year.
Smaller herds trigger record cattle prices and pricier beef
Chicago fed and live cattle futures hit record highs last week and that will likely push up the price of beef at a time when consumers are already shocked at the level of food inflation.
