GFM Network News

Live cattle futures drag on local prices

Time is the insulator for prices in lighter-weight cattle, for now

Plummeting live cattle futures put pressure on local heavyweight cattle prices at Manitoba’s cattle auctions during the week ended March 6. Allan Munroe of Killarney Auction Mart noted “a large price slide” between 600- and 800-lb. cattle, as prices for lighter cattle remain strong. Last week, 700- to 800-lb. feeder cattle were priced between $180

A Metro Vancouver Transit officer watches as a train passes on a westbound track while protesters block eastbound tracks on a CP rail bridge at Port Coquitlam, B.C. on Feb. 13.

Jury still out on blockades’ impacts on grain traffic

Reduced farmer selling has somewhat insulated prices so far

Canadian news headlines have been dominated in recent weeks by reports of ongoing rail blockades and demonstrations in solidarity with the Wet’suwet’en nation — but the jury is out as to how the protests will impact Canada’s grain markets. A daily report from Canada’s Ag Transport Coalition detailed the impact that blockades are having on

Manitoba buyers show steady demand for lighter cattle

China’s coronavirus epidemic hasn’t yet landed on local cattle prices

Mid-weight feeder cattle prices were steady from last week, according to Robin Hill, Heartland Livestock Auctions’ manager at Virden. At last week’s sale, prices for 700- to 800-lb. feeder cattle were between $180 and $197 per hundredweight. Prices for 600- to 700-lb. feeders were between $196 and $221/cwt as well. Prices during this week’s sale

Tourists take a selfie in front of Rome’s Trevi Fountain on Jan. 31 after two cases of novel coronavirus 2019-nCoV were confirmed in Italy.

Canola drops as coronavirus outbreak rattles commodities

A lower loonie makes Canadian crops relatively attractive overseas

Canola values incurred sharp losses during the week ended Jan. 31, steadying only slightly at mid-week thanks to support from the Canadian dollar. Headlines have been dominated by the rapidly spreading coronavirus outbreak, which originated in the Chinese city of Wuhan. As of Jan. 31, nearly 10,000 cases have been reported, and over 150 lives lost. Financial and

Cattle auctions’ prices steady, volumes strong

Manitoba’s cattle are about equally eastbound and westbound

Despite cold weather and icy highways, cattle markets across Manitoba were in full swing during the week ended Jan. 17. Tyler Slawinski, Gladstone Auction Mart’s auctioneer, said about 600 head showed up to the first auction of the year. “That’s about twice as many as I had expected,” he said. “That’s a good sign for

A Chinese ship is loaded with soybeans at the Brazilian Port of Santos.

Crush margins, currency, charts show support for canola futures

South American soybean production could bring pressure

Canola values were well supported during the first full trading week of 2020 and have the potential to rally $10-$15 higher. Technical charts have projected canola values reaching $490-$495 per tonne. Some growers have throttled back on selling their product to wait and see if this price range will be realized. Barring sharp sell-offs in

Cattle volumes down from fall run highs

Ontario feedlots have backed off the Manitoba market

Cattle volumes at auctions across the province have come off of fall run highs, providing some support to feeder cattle prices. “We’re through the bulk of fall run numbers, so prices have tightened up,” said Brian Perillat of Canfax in Calgary. “It’s a balancing act, but for the most part, undertones in the market have

Lack of a China-U.S. trade deal is causing the market to remain moribund, likely for the rest of the year.

Trade stalemate leaves markets unmoving

Lack of rain in South America could eventually shake things up

Canola values will likely remain range-bound between $455 and $467 for the remainder of the year. That’s largely due to the stalemate between the United States and China regarding a trade deal, and also due to uncertain growing conditions in South America and Australia. On Nov. 27, U.S. President Donald Trump signed congressional legislation in support

Cattle markets remain strong in Manitoba

A weaker Canadian dollar may attract U.S. buyers

With cattle auctions in full swing across the province, markets have seen steady, strong prices. Brock Taylor of Pipestone Auction Mart said 600- to 700-lb. feeder steers were between $188 and $215 per hundredweight at auction last week. That’s comparable to the Nov. 8 auction, when the same class of cattle sold for between $190

Manitoba cattle auction volumes remain high

Frozen ground makes cattle easier to retrieve

Cattle auctions in Manitoba have seen a lot of activity recently, thanks in part to colder weather making it easier to retrieve cattle from mucky pastures. That’s pressuring prices lower for some weight classes. “We’re seeing big numbers, which is applying quite a bit of pressure to the market,” said auctioneer Tyler Slawinski of Gladstone