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Cows herded in to holding pen

Feeders slow to set price; U.S. futures try to rally

Global trade worries aren’t yet affecting beef demand

Cash cattle markets on both sides of the border and futures in the U.S. are reporting sluggish volumes but steady prices. Rick Wright of Heartland Order Buying said few feeders are entering sales rings and most of what’s being sold on cash markets are cull cows and bulls. “With our holiday on Sunday, Monday and […] Read more

Cattle prices hold steady on feed crop expectations

Rising volumes of U.S. pigs could weigh on beef values

Prices for finished cattle in Manitoba held relatively steady during the week ended June 28. Weakness in the Canadian dollar, expectations of lower feed prices in the fall, and improved moisture conditions in key regions were cited as some of the key reasons. “The feeder cattle market has been stronger here in Western Canada,” said […] Read more

Summer sale season for sheep has arrived

Buyers and sellers are thinking of the coming weeks of bounty

The arrival of summer also heralds the arrival of a positive attitude for both sheep buyers and sellers, with 290 animals delivered for sale June 6. The future holds weeks of green pasture and animal development and conditioning. During the sheep sale buyers were looking into the future and seeing the importance of quality ewes […] Read more

Cattle market keeps holding steady as summer draws near

Recent rains haven’t relieved producers’ drought anxiety

Although traffic is starting to slow down at Manitoba’s auction marts for the summer, business held steady for the week ended June 8. “The market numbers this week, for those markets that had sales, deliveries were actually higher than anticipated,” said Rick Wright of Heartland Buying Order Co. About 1,913 head were run through the […] Read more

Packers’ aggressive pace cuts into supply glut expectations

Bids on heavier-weight feeder cattle remain supported

A glut of beef that was expected to flood grocery stores this summer, and depress prices for Manitoba ranchers, might not be as large as initially expected. Strong export business in the U.S. and a massive amount of processing by U.S. packers has managed to whittle down the volumes of summer beef out there, according […] Read more

Cattle prices well supported as volumes drop for summer

Recovery in feeder and fat cattle futures is supportive

Activity is slowing down for the summer at cattle yards across Manitoba, although values remain steady for the odds and ends still finding their way to market. A number of cattle yards are already operating at a reduced summer schedule, with sales on a biweekly basis before a complete shutdown in July. Volumes were light […] Read more

Quality sparks bidding at sheep and goat sale

Buyers were clearly interested in the best-conditioned animals

It was quality on parade at the most recent sheep and goat sale at Winnipeg Livestock Auction. Very few culls were delivered and buyers took advantage of the quality that the 248 animals delivered for sale displayed, with a display of intense bidding. No price difference was evident between wool and hair ewes. Two 138-pound […] Read more

Beef supply expectations drag on Manitoba cattle auctions

Spring seeding work takes priority for many producers

The looming glut of fat cattle expected to descend on the North American meat market this summer is already starting to be felt on the price boards of Manitoba auction marts. Bids for heavier-weight cattle were especially under pressure during the week ended May 17, according to participants. “Heavy cattle have been feeling the pressure […] Read more

Cattle prices hold steady against strength in loonie

Values could soften in fall if grain prices stay strong

Manitoba cattle markets are generally holding firm in mid-May, although the seasonal slowdown in numbers moving through the yards led to some choppiness from animal to animal. “Some cattle were stronger, some weren’t,” said Dave Nickel of Gladstone Auction Mart, adding it was hard to get a handle on the market direction. “The best cattle […] Read more

Seasonal patterns not yet present

The summer slowdown has not yet arrived in the sheep and goat markets

Warmer weather may finally be here, but the traditional slowing down of the market has yet to appear, perhaps a reflection of the late spring. With 200 animals delivered for sale, sheep and goats were in plentiful supply and prices largely held their own, with a little bit of up and down when compared to […] Read more