Your Reading List

Optimism Spurs Shipping Of Older Cows

Ca t t l e mo v i n g throug h Manitoba’s auction yards continued to be met with strong demand during the week ended Feb. 4, keeping prices at solid levels. Quality remains a determining factor in price, but all classes were well supported overall.

“The market is holding right up there, even with the strong dollar and everything,” said Buddy Bergner of Ashern Livestock Mart. Smaller numbers moving through the auctions in Alberta could be behind some of the strength in the Manitoba markets, with the supply/demand balance tightening, he said.

“We’re back to where we were at one time 10 years ago,” said Bergner, adding that “we’re finally getting paid for a product.”

While higher expenses are cutting into the profit margins to some extent, Bergner said the situation was better for most producers overall, with the majority at least breaking even under the current conditions.

“There is definitely a better outlook amongst the cow-calf guys,” said Bergner.

Increasing optimism in the cattle sector was encouraging some producers to retain heifers and get rid of their older cows, he said. As a result, large numbers of butcher cows were being marketed recently.

Demand for feeder cattle largely came from eastern feedlots, with some moving out west as well. Sales of feeder animals to the U.S. remain all but nonexistent.

The Canadian dollar traded well above parity with its U.S. counterpart during the week, which was a barrier to sales to the U.S. However, even with the strong currency, Bergner noted, the fat cattle market was better in Canada at the time being compared to the U.S., a situation he described as unprecedented.

Butcher animals were well supported, holding steady overall. “It’s up and down a little every day, but not very much,” said Bergner.

Calving season will pick up in earnest over the next few weeks, which may keep some of the cow-calf participants away from markets as they turn their attention to matters closer to home. However, “the show does go on,” and strong prices should be enough to keep steady movement through the yards.

FROM THE AUCTION FLOORS

Note:AllpricesinCanadian dollarsperhundredweight. Thesepricesalsogenerallyrepresent thetopone-thirdofsales reportedbytheauctionyard.

Ashern Livestock Mart:An estimated 1,667 head of cattle were sold at the Feb. 1 sale, of which 200 were slaughter animals. In the slaughter market, D1 and D2 cows sold anywhere from $40 to $50; D3 and D5 cows, $50- $58; age verified, $59-$65; and good bulls, $60-$79.50.

Feeder steers weighing 700- 800 lbs. brought $108-$129.75; 600-700 lbs., $120-$145; 500-600 lbs., $135-$154.25; 400-500 lbs., $138-$157; and 300-400 lbs., $145-$157.

Feeder heifers weighing 700- 800 lbs. brought $100-$121; 600- 700 lbs., $100-$129; 500-600 lbs., $128-$140.25; and 400-500 lbs. brought $120-$142.

Gladstone Auction Mart:The Feb. 1 sale saw a total of 578 head of cattle sold at the Gladstone yard. In the slaughter market, bulls sold from $60 to $70 while cows brought $40-$62.

Feeder steers in the 900-to 1,000-lb. weight category traded from $95 to $116.25; 800-900 lbs., $90-$120.25; 700-800 lbs., $100- $128.75; 600-700 lbs., $110-$139; 500-600 lbs., $120-$145; 400-500 lbs., $130-$153.50; and 300-400 lbs., $150-$165.50.

Feeder heifers weighing 900- 1,000 lbs. brought $73-$102.25; 800-900 lbs., $85-$110.25; 700- 800 lbs., $80-$119.50; 600-700 lbs., $90-$126; 500-600 lbs., $90- $133.50; 400-500 lbs., $115-$135; and 300-400 lbs., $120-$140.

Grunthal Livestock Auction Mart:There were 123 slaughter cattle and 606 feeders sold at the Grunthal yard Feb. 2. In the slaughter market, fleshy export cows traded from $56 to $58.75; lean export cows, $48-$55; mature cows, $46-$53; feeding cows, $55-$60; export bulls, $64-$68; and mature bulls, $60- $64.

Feeder heifers weighing 800- 900 lbs. sold from $90 to $107; 700-800 lbs., $105-$114; 600-700 lbs., $114-$125; 500-600 lbs., $125-$145; 400-500 lbs., $130- $149.50; and under 400 lbs., $135-$149.50.

Feeder steers weighing 900- 1,000 lbs. ranged from $95 to $106.50; 800-900 lbs., $104-$112; 700-800 lbs., $110-$122; 600-700 lbs., $122-$135.50; 500-600 lbs., $134-$154.50; 400-500 lbs., $150- $160; and under 400 lbs., $150- $174.

Heartland Livestock Services, Brandon:A total of 895 cattle were on offer in Brandon at the Feb. 1 sale. In the slaughter market, A1-A2 steers brought $92-$96; A1-A2 heifers, $90- $95.50; D1-D2 cows, $58-$65.75; D3 cows, $50-$57; feeder cows, $37-$49; and good bulls, $68- $74.75.

Feeder steers weighing 900- 1,000 lbs. ranged from $105 to $115; 800-900 lbs., $112-$119.75; 700-800 lbs., $120-$128; 600-700 lbs., $125-$142; 500-600 lbs., $135-$158.50; 400-500 lbs., $145- $164; and 300-400 lbs., $150- $170.

Feeder heifers weighing 900- 1,000 lbs. brought $95-$107; 800- 900 lbs., $100-$110; 700-800 lbs., $110-$120; 600-700 lbs., $117- $127; 500-600 lbs., $125-$139; 400-500 lbs., $130-$142.50; and 300-400 lbs., $132-$146.

Heartland Livestock Services, Virden:There were about 2,832 cattle sold at the sale held Feb. 2. Butcher steers brought $91- $95.50, while butcher heifers sold from $90 to $95. Age-verified/ young cows ranged from $57- $64.50; D1 and D2 cows, $56- $61; D3 cows, $51-$55; shelly cows, $42-$50; and mature bulls, $66-$72.75.

Feeder steers weighing 900- 1,000 lbs. brought $109-$118; 800-900 lbs., $112-$121.50; 700- 800 lbs., $118-$130; 600-700 lbs., $126-$143.50; 500-600 lbs., $137- $155; 400-500 lbs., $145-$166; and 300-400 lbs., $158-$172.

Feeder heifers weighing 900- 1,000 lbs. traded from $99 to $107; 800-900 lbs., $102-$111.50; 700-800 lbs., $109-$119; 600-700 lbs., $115-$128; 500-600 lbs., $122-$137; and 400-500 lbs., $128-$144.

Killarney Auction Mart:There were 314 cattle sold at the Feb. 3 sale. In the slaughter market, D1 and D1 cows sold from $55 to $69.50; D2 and D4, $44-$54; and slaughter bulls, $68.

Feeder steers weighing 900- 1,000 lbs. brought $93-$107; 800- 900 lbs., $112-$117; 700-800 lbs., $116-$122; 600-700 lbs., $124.50- $135.50; 500-600 lbs., $135-$148; 400-500 lbs., $139-$152; and under 400 lbs., $157-$160.

Feeder heifers weighing 900- 1,000 lbs. traded from $91 to $96; 800-900 lbs., $105.50-$112; 700-800 lbs., $108-$115.50; 600- 700 lbs., $116-$127.50; 500-600 lbs., $124-$132; 400-500 lbs., $130-$139; and under 400 lbs., $125.50-$132.

Ste. Rose Auction Mart:A total of 1,647 cattle were sold at the Jan. 27 sale. In the slaughter market, D1 and D2 cows ranged from $55 to $64; D3 and D4 cows, $45- $54; canners, $25-$41; and bulls $60-$67.

Feeder steers weighing 800- 900 lbs. brought $110-$122; 700-800 lbs., $115-$129; 600- 700 lbs., $125-$144; 500-600 lbs., $140-$156; 400-500 lbs., $140-$167; and 300-400 lbs., $145-$166.

Feeder heifers weighing 800- 900 lbs. brought $102-$113; 700- 800 lbs., $109-$120; 600-700 lbs., $115-$125; 500-600 lbs., $125- $140; 400-500 lbs., $130-$146; and 300-400 lbs., $125-$144.

Taylor Auctions, Melita:The sale held Feb. 3 saw D1 and D2 cows bring $57-$62; D3 and D5 cows, $50-$57; and good bulls $69-$73.50.

Feeder steers weighing 900- 1,000 lbs. brought $110-$118; 800-900 lbs., $115-$122; 700-800 lbs., $120-$126; 600-700 lbs., $128-$140; 500-600 lbs., $145- $152; 400-500 lbs., $155-$162; and 300-400 lbs., $160-$178.

Feeder heifers weighing 800- 900 lbs. traded from $108 to $115; 700-800 lbs., $115-$122; 600-700 lbs., $120-$128; 500-600 lbs., $125-$130; 400-500 lbs., $130-$135; and 300-400 lbs., $135-$145.

Winnipeg Livestock Sales: About 1,495 cattle were sold at the sale held Feb. 4. In the slaughter market, dry fed cows sold from $56 to $60; good fleshed, $50-$56; lean, $45-$50; age verified, $49-$64; and good bulls, $64-$74.

Feeder steers weighing 800- 900 lbs. brought $115-$123; 700- 800 lbs., $118-$130; 600-700 lbs., $130-$143; 500-600 lbs., $130- $150; and 400-500 lbs., $140- $160.

Feeder heifers weighing 800- 900 lbs. traded from $100 to $112; 700-800 lbs., $110-$119; 600-700 lbs., $118-$128; 500-600 lbs., $120-$141; and 400-500 lbs., $125-$146.

About the author

Columnist

Phil Franz-Warkentin - MarketsFarm

Phil Franz-Warkentin writes for MarketsFarm specializing in grain and commodity market reporting.

Comments

explore

Stories from our other publications