For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
Tag Archives futures — page 2
U.S. grains: Soybean futures rise on U.S.-China trade optimism
Wheat futures rise amid Russia-Ukraine tensions
Chicago Board of Trade soybean futures climbed to a one-week high on Thursday on optimism about the U.S. trade relationship with China, the world's largest soybean buyer, after leaders of the two countries spoke by phone for more than an hour.
Prairie forecast: Mostly warm and dry weather expected
Forecast issued May 28, covering May 28 to June 4, 2025
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.
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.
