GFM Network News

Demand fluctuations put pressure on cattle prices

A lower loonie could insulate local prices against declines in U.S. futures

Prices at Manitoba’s cattle auctions were slightly lower during the week ended March 20, driven largely by fluctuations in demand. Tara Fulton, manager of Gladstone Livestock Auction Mart, noted prices for heavier cattle over 750 lbs. have been under pressure for the past three weeks. “Demand for lighter-weight animals has been strong all along, because

Stock market losses hurting cattle prices

Numbers of cattle at auctions were down from the previous week

To Robin Hill, the manager of Heartland Livestock Services’ Virden auction facility, this is far from a good time for Manitoba cattle auctions. That’s due to massive losses in stock markets, stemming from fears over effects the COVID-19 coronavirus could have on the global economy. The stock markets began to tumble as COVID-19 spread across

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

Coronavirus ends hopes for positive year for markets

Top importer China among the hardest hit, dampening demand

As 2020 began there was a lot of positive sentiment, with hopes that the year was going to be a good one for the cattle industry, said Brian Perillat, manager and senior analyst with CanFax. However, that has been changing with the COVID-19 coronavirus outbreak, as cattle auctions are not immune to what’s happening on

Traffic continues strong at most Manitoba livestock auctions

Cattle markets are climbing back up from the COVID-19 market scare

Some but not all Manitoba auction houses booked increases in cattle headed to sale between Feb. 14 and 20. Gladstone Auction Mart was one of those reporting an increase, from 801 head on Feb. 11 to 1,114 on Feb. 18. Auctioneer Tyler Slawinski said Gladstone’s numbers are likely to hold up for now, as producers

Good movement, steady prices at livestock auctions

Futures are recovering from coronavirus reaction

There was good movement through Manitoba’s cattle auction yards during the second week of February, with prices relatively steady for most classes of cattle. “The light cattle are still very strong,” said Allan Munroe, of the Killarney Auction Mart. However, “the big ones took a hit with the drop in the futures a few weeks

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

Values steady at sales despite higher cattle volumes

Traffic was way up at Brandon, Grunthal, Killarney, Gladstone and Pipestone

Now fully into the new year, Manitoba’s livestock auction markets are expecting to see numbers of cattle increase in February and yet more toward spring. “It’s just getting started in the new year. The warm weather definitely helps,” said Harold Unrau of Grunthal Livestock Auction Mart. There were 759 feeder cattle and 170 slaughter cattle

Chicago cattle futures pull some bids lower

Manitoba buyers are very sensitive on cattle weights at the moment

Activity was mixed at Manitoba’s cattle auction yards during the week ended Jan. 23, with Ag Days in Brandon likely limiting some of the action on the western side of the province as producers took in the show. Numbers in the west were expected to pick up the following week, while steady trade was anticipated

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