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Broader cattle market volatility resonates at local level
Livestock Markets, Markets

Broader cattle market volatility resonates at local level

Meat supply lines are filling up again in the wake of pandemic panic buying

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In addition to ongoing COVID-19 social distancing measures, a spring snowstorm also hampered some movement at Manitoba cattle auction yards during the first week of April. Prices were generally steady to higher compared to the previous week, although volatility in global markets was also being felt at a local level. “The cows are still calving,
Limits on border traffic not affecting cattle movement
Livestock Markets, Markets

Limits on border traffic not affecting cattle movement

Manitoba’s cattle sales continue, albeit with social distancing in mind

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It wasn’t quite business as usual at Manitoba’s cattle auction yards during the week ended March 27, but cattle were still moving despite the extra COVID-19 pandemic precautions in place. With the Manitoba government declaring a state of emergency, the livestock sector is also practising social distancing. Sales are being held, but with only staff
Demand fluctuations put pressure on cattle prices
Livestock Markets, Markets

Demand fluctuations put pressure on cattle prices

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

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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
Livestock Markets, Markets

Stock market losses hurting cattle prices

Numbers of cattle at auctions were down from the previous week

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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
Livestock Markets, Markets

Live cattle futures drag on local prices

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

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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
Livestock Markets, Markets

Coronavirus ends hopes for positive year for markets

Top importer China among the hardest hit, dampening demand

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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
Livestock Markets, Markets

Traffic continues strong at most Manitoba livestock auctions

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

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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
Livestock Markets, Markets

Good movement, steady prices at livestock auctions

Futures are recovering from coronavirus reaction

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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
Livestock Markets, Markets

Manitoba buyers show steady demand for lighter cattle

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


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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
Livestock Markets, Markets

Values steady at sales despite higher cattle volumes

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

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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

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