Cattle prices are up compared to last year, but pressure was apparent at auction sales across Manitoba during the week ended Nov. 16. Most sales saw declines in both volume and price. At Gladstone Auction Mart’s regular sale on Nov. 14, most prices for heavyweight and lightweight cattle were down compared to one week earlier.
Cattle prices under pressure at auction sites
Firmness seen in some classes, heifer market supported by demand
Canola looks to soybeans for guidance
Demand for U.S. soy is strong; supply from Brazil is uncertain
The soy complex at the Chicago Board of Trade is usually a bellwether as to where canola prices will go, with support from gains in soyoil and soymeal countered by losses in soybeans during the week ended Nov. 9. There are at least a couple of bearish indicators for soybeans. First is the projected Brazilian
Brandon auction books some terrific Tuesdays
Chicago cattle futures have recovered off recent plunge
Brad Delgaty’s tenure as the new manager of Heartland Livestock Services in Brandon could not have had a better start. Hired to the position last month, Delgaty’s first order of business was to bring HLS Brandon’s regular weekly auction sales back to Tuesdays, ending a short-lived excursion to Friday sales. So far, the schedule change has paid dividends, as
U.S. futures plunge leaves Manitoba cattle prices unaffected
Interest from Ontario and Quebec should pick up as new-crop corn arrives
A report from the U.S. Department of Agriculture, which surprised many analysts, won’t cause major changes to cattle prices in Manitoba, according to a consultant. A bearish monthly cattle-on-feed report plunged prices at the Chicago Mercantile Exchange on Oct. 23. In total, 11.58 million cattle were in U.S. feedlots on Oct. 1, a gain of
Canola’s bad day at the markets
Veg oils drag canola below support levels
Despite many signs indicating a rebound, canola prices instead took off in the other direction on Oct. 19. In a selloff that left many analysts checking their charts and scratching their heads, canola blew past support levels and had its largest one-day drop in just over a month. The November contract fell $19.50/tonne to end
High volumes, prices ahead of calf run
End of season appears near for yearlings
There were more high-volume and high-priced sales at Manitoba cattle auction sites during the week ended Oct. 12. All but two sites surpassed 1,000 cattle through the rings at their respective sales for a total of 12,444, while all sites except Grunthal Livestock Auction Mart sold a feeder steer for more than $500 per hundredweight.
Cattle prices steady but still high
Calves are turning up earlier than usual at Manitoba markets
High-end prices for feeders were still at record levels for the week ended Oct. 5, but some prices were either steady or lower compared to the previous week. In the case of Killarney Auction Mart, prices for feeder heifers and slaughter cattle were little changed at its regular sale on Oct. 2. Heavyweight steer prices
Record cattle prices close out August
Recent lower values for feed, and the loonie, add support
Most cattle auction sites in Manitoba have reopened after the summer break, and for some, it’s business as usual with the same upward price movement. Heartland Livestock Services at Brandon and Virden, which conducted sales throughout the summer, on Aug. 29 and 30 put 1,721 cattle through the rings, 400 fewer than the previous week.
Soy’s struggles could be canola’s gain
Expectations for U.S. soybean carryout may tighten further
The main part of harvest is set to begin for canola, so you might think the influx of new crop into the market would cause prices to come down. But like any good friend, soyoil is there to give canola prices a pick-me-up. While the ICE futures November canola contract and October Chicago soyoil went
ICE weekly outlook: Canola following soyoil’s lead
Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices
MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before
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