Whether buying or selling in Canada or the US the professionals at Primrose Livestock are here to help facilitate the transaction with honesty, integrity and confidentiality. Without going into detail, this feeder cattle price index is based upon a large sample of transactions in the 12 major feeder cattle-producing states for 700- to 899-pound medium and larger-frame feeder steers. Feeders ended the session 12 to 52 cents higher, which helped push Dec contracts to 30 cents above last Friday’s close. The feeder cattle futures market (which trades on the CME Globex electronic platform) is the price discovery mechanism for North American feeder cattle. Alberta direct cattle sales saw moderate volume trade last week with average prices easing around $1.50/cwt lower. Recently, the USDA cattle inventory report put the 2016 U.S. calf crop at 35.1 million head, which was a year-over-year increase of one million head. Using an estimate of $1.50 per pound of gain for fat, the cost of the excess fat in 2015 was a rather staggering $93.9 million. Since July, cow slaughter has consistently been below last year, and there is a good chance cow slaughter will stay below year ago levels for the duration of this year.Bull--Out front fed supplies should tighten moving forward--Holiday buying and cooler weather should enhance beef demand--Beef is competitive with Pork and Poultry on the retail shelfBear--Chinese feed grain demand continues to fuel higher grain prices--Carcass weights are significantly larger than year ago--Non-fed slaughter volumes will seasonally swell larger and take away fed hooks. Markets Home ... real-time market data feeds. View Quotes. ‘Change’ is the watchword in a warming world, says researcher, Feeder cattle market digesting many variables, A closer look at western Canadian cattle inventories, Newfoundland beef producers backed to develop abattoirs, U.S. grains: Soy futures hit highest in over four years, U.S. livestock: Live cattle futures gain on boxed beef strength, Navigating trade with China, the secret lives of farm writers, grain market gains. Usually when the market is anticipating a surge in supplies, the feeder cattle futures market will lead the cash price lower. Canada Cattle Report: Holiday buying and cooler weather should enhance beef demand. Slaughter Cattle D1 - D2 Cows: $65.00 - $78.00: $64.00 - $75.00 — - — D3 - D4 Cows: … The erratic price action has caused cattle producers to take more interest in hedging feeder cattle and the Western Livestock Price Insurance Program. On the rail northern trade ranged from $165.00-$167.00 dressed, mostly $167.00 up around $4.00 from last week. Hog prices increased by 8.2% in September 2020 compared to the same period a year earlier, to $74.45 per hundredweight. The contract is 50,000 pounds and is based on the CME feeder cattle index. Jerry Klassen manages the Canadian office of Swiss-based grain
trader GAP SA Grains and Produits Ltd., and is president and founder
of Resilient Capital specializing in proprietary commodity futures trading and market analysis. Western Canadian steer carcass weights for the same week eased 6 lbs lower than the previous week but were significantly heavier than the same week last year. Feeders ended the session 12 to 52 cents higher, which helped push Dec contracts to 30 cents above last Friday’s close. Klassen consults with feedlots on risk management and writes a weekly cattle market commentary. Remember, it is a futures market so the market is discovering prices in the future. Cattle prices dropped $34 from January 2015 to January 2016. This morning the market is quiet with no bids on the table. Our modern assembly yards with government inspected scales help facilitate top dollar for our smaller producers through our presort calf and feeder sales. No Data Available: Whether you are using futures and options brokers or the Western Livestock Price Insurance program, understanding the market dynamics of the cash and futures markets is prudent when planning your risk management strategy. Contact Us, Do your Part in Protecting our CATTLE (click on a Link below). Highland Breed Information. If you … Calf prices decreased by -0.4% year-over-year in September 2020 to $168.56 per hundredweight. * PERMISSION TO CONTACT YOU BY EMAIL By providing your e-mail address, you confirm that you are providing consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on business through its divisions, to receive emails containing news, updates and promotions, including third party promotions, as well as product and/or service information, including that of third parties, that may be of interest to you, and that you understand you may unsubscribe at any time.