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Summer slowdown begins for Manitoba auction marts
Livestock Markets, Markets

Summer slowdown begins for Manitoba auction marts

Signals point to a market getting set to weaken

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The dog days of summer have arrived at auction marts in Manitoba, as just 827 cattle were sold during the week ended June 23, well down from the previous week when 1,890 animals were sold. Prices stayed relatively firm, however, with some mild strengthening on a few of the light heifer classes. For instance, heifers
Beneficial rains a boost for local cattle buyer optimism
Livestock Markets, Markets

Beneficial rains a boost for local cattle buyer optimism

Local markets overcome turbulence in cattle futures

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Moving into the summer, Manitoba’s ranchers are watching cash markets and the weather, with both delivering good news. Cattle futures at the Chicago Mercantile Exchange (CME) saw some turbulence over the past week, though prices for cattle at auctions in Manitoba were able to resist that pressure. “The cash market didn’t seem to reflect it,”
Unknown expectations at latest auction
Livestock, Livestock Markets

Unknown expectations at latest auction

Neither buyers nor sellers knew quite what to expect at the May 17 sale

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It was a sale that could — and at times did — go either direction. Sellers delivered some 200 sheep and goats, but admitted they didn’t have any great expectations for this sale. Meanwhile, the buyers were feeling much the same way. About the only trends that did seem to emerge were that sellers were
Consistent demand supports prices ahead of slowdown
Livestock Markets, Markets

Consistent demand supports prices ahead of slowdown

Many producers may be wishing they had more to sell

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Cattle prices remained firm at Manitoba auction marts during the week ended June 9. Bids for steers (400-500 lbs.) rose $3-$5 per hundredweight on average with other lightweight animals also showing slight improvements. The heavier-class animals posted gains with heifers (600-700 lbs.) rising roughly $5-$10. “All the classes look strong; some guys are making $400
Cattle prices hold steady, strong on lower volumes
Livestock Markets, Markets

Cattle prices hold steady, strong on lower volumes

Feedlot profitability is supporting demand, for now

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Prices for cattle at auction marts in Manitoba were steady on the week, and holding strong overall, though seasonally low volumes mean fewer ranchers are reaping the benefits. Manitoba auction marts are seeing strong cash prices, as profitability in the feedlot sector drives demand. Prices for non-fed cows and bulls have stayed steady on the
Short week stays quiet as most major marketings done
Livestock Markets, Markets

Short week stays quiet as most major marketings done

USDA’s latest Cattle on Feed numbers will be bearish

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The Victoria Day long weekend limited activity at Manitoba’s cattle auction yards during the week ended May 26, but the market was steady for the animals that still moved. “I didn’t see any change from the previous week. Everything was fully steady on the feeder cattle,” said Robin Hill of Heartland Livestock Services at Virden.
Prices remain firm as buyers seek grass cattle
Livestock Markets, Markets

Prices remain firm as buyers seek grass cattle

Beef demand is seen steady leading up to Father’s Day

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Prices for cattle at Manitoba auction yards stayed relatively firm amid declining volumes. Around 4,600 animals made their way through the rings during the week ended May 19, down from 7,500 the week before. There was some softening on heavier-weight steers, while lower-weight animals held their own and ticked higher in a few cases. “The
Cattle markets descend into correction mode from rally
Livestock Markets, Markets

Cattle markets descend into correction mode from rally

Beef demand is expected to slip after Father’s Day

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The spring cattle rally may be finally coming to an end. Bids for most classes at stockyards across the province were the same or even slightly lower in some cases during the week ended May 12. Heavier-weight animals were steady to lower, with heifers (800-900 lbs.) down $3-$5. Steers (400-500 lbs.) were also down roughly
Summer slows sheep and goat bidding
Livestock, Livestock Markets

Summer slows sheep and goat bidding

It was buyer’s choice in many cases at the most recent sheep and goat sale

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It was a case of differing expectations May 3 at the Winnipeg Livestock Auction, as buyers and sellers gathered to trade the 233 sheep and goats delivered to this sale. Sellers were hoping for decent prices, while buyers were looking for bargains. In the sheep sale, ewes were of mixed quality and the bidding highlighted
Local cattle prices track wild week in U.S. futures
Livestock Markets, Markets

Local cattle prices track wild week in U.S. futures

Sales volumes are expected to slow with the season

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Large price swings in the U.S. cattle futures led to similar activity in the Manitoba cattle auctions during the week ended May 5. U.S. cattle prices rallied sharply the first few days of May, with unseasonal snow that killed thousands of cattle in key U.S. feeding regions behind some of the buying interest. The resulting

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