Klassen: Feeder market stays firm
By Jerry Klassen, GFM Network News, Columnist
via Canadian Cattlemen - July 20, 2021
Compared to last week, western Canadian prices for yearlings weighing 800 lbs. and over were unchanged; however, calves and yearlings in the 600- to 800-lb. category traded steady to $3 higher.
The calf market was hard to define due to small groups of various quality. Strength in deferred live cattle futures along with the weaker Canadian dollar set a positive tone. Yearlings straight off grass were well bid. Prices for steers weighing 850-875 lbs. were hovering just under the psychological $200 level in central and southern Alberta.
Many auction barns will start their fall sales program over the next couple of weeks. Pastures are deteriorating rapidly across the Prairies. While the market was firm, buyers felt it may be prudent to wait until supplies increase in August. Barley prices surged last week and there is still a fair amount of uncertainty regarding the price of feed grains for the next round of feeding. Buyers didnít feel inclined to push values higher but there definitely is no slippage.
South of Edmonton, Angus-blended steers...