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Stronger futures and weaker dollar boost cattle prices
Livestock Markets, Markets

Stronger futures and weaker dollar boost cattle prices

Feeders benefit from abundant feed supplies and 
fallout from the Brazilian beef scandal

By
The numbers moving through Manitoba’s cattle auction yards may be slowing down for the season, as attention turns to spring field work and other priorities, but prices for the cattle still finding their way to the rings continue to strengthen. U.S. feeder cattle futures are at their highest levels of the past year, while the
Prices strong as Manitoba producers clear out pens
Livestock Markets, Markets

Prices strong as Manitoba producers clear out pens

Cattle prices keep on climbing despite expectations

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Bids on Manitoba cattle remained strong during the week ended April 7, as farmers cleaned out their pens and took leftover cattle and other animals that had been backgrounding to market. Roughly 11,500 head were shown at the province’s eight major stockyards. “We’re seeing cattle that were small in the fall; now it’s time for
Optimism drives investment in lighter-weight cattle
Livestock Markets, Markets

Optimism drives investment in lighter-weight cattle

Demand is strong down east, not so much from the U.S.

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The last week of March was a busy one for most auction marts in Manitoba as just over 12,200 animals made their way to the stockyards. “We’re getting very good volumes at the market,” said Rick Wright of Heartland Order Buying Co. “We’re getting a lot of light cattle weighing under 800 lbs.” Most of
cattle loading into trailer
Livestock Markets, Markets

Climbing cattle futures support Manitoba markets

Brazil’s meat scandal offers brief spillover support


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Cattle auctions in Manitoba saw some good strength during the week ended March 24, as rising U.S. futures provided underlying support. “The (U.S.) futures board’s been climbing, which is certainly helping drive demand,” said Allan Munroe of Killarney Auction Mart. Both the feeder and finished cattle futures at the Chicago Mercantile Exchange climbed higher during
Easter influence seen on prices
Livestock Markets, Markets

Easter influence seen on prices

Demand for the looming holiday drove some early purchases

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A total of 250 sheep and goats were on the auction block at the Mar. 15 sheep and goat sale at Winnipeg Livestock Auction. Many of the buyers appeared motivated by the upcoming Easter holiday and anticipated demand, making for some early purchases. The presence of worms in some groups of lambs — earlier than
Local cattle values rise on Chicago cattle futures
Livestock Markets, Markets

Local cattle values rise on Chicago cattle futures

The loonie gained strength but remained low overall

By
Prices for cattle at auction marts across Manitoba picked up on the week, as advances in the futures lent support. At the same time, cattle prices in the U.S. have seen an even bigger jump, leading to increased demand from the country. After being closed the previous week, Heartland Virden had a 3,207-head sale on
Some cattle sales called on account of snowstorm
Livestock Markets, Markets

Some cattle sales called on account of snowstorm

A lower loonie has U.S. buyers again looking north

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The upcoming week could be an extremely busy one for Manitoba stockyards as a fierce blizzard cancelled or curtailed several auctions during the week ended March 10. Volumes were nowhere near what they had been in the weeks prior to the snowfall. Ste. Rose Auction Mart said on its website it had carried over 1,500
Livestock Markets, Markets

Weaker loonie draws U.S. cattle buyers to Manitoba

Prices have local buyers seeking out bred cattle

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Cattle moving through Manitoba’s auction yards saw some strength during the week ended March 3, as a combination of rising U.S. futures and a weaker Canadian dollar gave local prices a boost. Heartland Livestock Services at Virden was the busiest auction yard in the province during the week, holding three sales: a bred cow sale,
Higher-quality animals on sale
Livestock, Livestock Markets

Higher-quality animals on sale

A mild and spring-like sale day saw plenty of good-quality animals in the latest sheep and goat sale

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Producers took advantage of a mild spring day on Feb. 15, delivering 243 sheep and goats to the Winnipeg Livestock Auction. The overall high quality of the animals at this sale was very noticeable, especially when compared to the previous sale. In the sheep sale, ewes dominated. There was a slight price difference between wool
Price instability creating challenges for producers
Livestock, Livestock Markets

Price instability creating challenges for producers

There appears to be little correlation between 
prices this year and previous years

By
There were more animals of lesser quality at the most recent sheep and goat sale held Feb. 1 at the Winnipeg Livestock Auction. Producers delivered 212 animals, compared to just 141 at the previous sale in January, but the quality was noticeably lower. Markets have been very unstable and producers appear to be finding it

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