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High prices, optimism buoy beef producers
Livestock Markets, Markets

High prices, optimism buoy beef producers

Tighter cattle supplies have ‘shifted the dynamic’

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This past spring saw a bull market in terms of cattle prices. The fact of fewer animals in North America caused cattle futures on the Chicago Mercantile Exchange, as well as local prices, to surge toward levels unseen in nearly a decade. Manitoba Beef Producers past-president Tyler Fulton, now vice-president of the Canadian Cattle Association,
Cattle prices in a ‘constant climb’
Livestock Markets, Markets

Cattle prices in a ‘constant climb’

Sales might have to resume ahead of schedule if dry weather persists

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Most cattle auction sites in Manitoba held regular sales for the last time this season during the week ended June 15. Killarney and Ashern Auction Marts conducted their final sales of the season on June 12 and 14, respectively. Winnipeg Livestock Sales will begin a bi-weekly summer schedule on June 23, while Gladstone Auction Mart
Cattle prices, temperatures stay hot
Livestock Markets, Markets

Cattle prices, temperatures stay hot

Continued dry weather could drive producers to sell

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As a number of cattle auctions prepare for summer shutdown, prices and the thermometer remain high. More than 4,000 cattle went through the rings during the week ended June 1, compared to 2,009 the previous week, and prices continued to move upward. Feeder steers weighing up to 700 lb. were sold for more than $350
Cattle prices remain strong as sale volumes grind lower
Livestock Markets, Markets, Other

Cattle prices remain strong as sale volumes grind lower

Several yards will operate at a reduced pace over the summer

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Activity at Manitoba’s cattle auction yards was subdued during the week ended May 26. The Victoria Day long weekend marks the unofficial start of summer and movement slows down for the season. Prices remained strong, especially for butcher cows, which accounted for most of the trade at some yards. “Butcher cows continue to hit new
(JBSS.infoinvest.com.br)
Livestock Markets, Markets

JBS shares slump with global difficulties

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Shares in Brazilian food giant JBS fell more than 10 per cent in early trade May 12 after the company posted a wider-than-expected first quarter loss. It marks the first time the firm has faced difficulties in all countries where it operates. In a conference call with analysts, JBS global CEO Gilberto Tomazoni sought to
"We are feeling the fallout of those decisions that were made in 2020, and we’ll continue to do so until we see a new normal develop.”
Livestock Markets, News, US Markets

Meat industry hits hard times

Inflation, high interest rates and high input costs are catching up to sector

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The meat industry, particularly pork, is facing tough times as inflation catches up with demand. There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms
Weather warms up, cattle prices remain hot
Livestock Markets, Markets

Weather warms up, cattle prices remain hot

A bit of green grass is a hopeful sign for cattle producers

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A cool spring finally offered up some relief as many parts of Manitoba hit temperatures surpassing 20 C during the week ended May 4. Tyler Slawinski, auctioneer at Gladstone and Ashern Auction Marts, said milder weather is a benefit to everyone involved. “We get a nice day and everybody feels better,” he said, adding that
Fundamentals support strength in cattle prices
Livestock Markets, Markets

Fundamentals support strength in cattle prices

The inflow of cattle at sales includes a notable number of fall calves

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For Allan Munroe and the Killarney Auction Mart, the last few months have been the best of times, as good numbers of cattle continue to flow in and prices are at their highest levels in decades.  “Sales are doing very well these days. We surpassed the best we (have) ever seen before, so it makes
Cattle prices in Manitoba continue strong
Livestock Markets, Markets

Cattle prices in Manitoba continue strong

Weather threw a wrench in some producers’ plans

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Prices at Manitoba’s cattle auctions remained strong for feeders as well as for slaughter during the week ended April 20, according to Scott Anderson of Winnipeg Livestock Sales. After closing for Good Friday on April 7, the April 14 sale was the first for Winnipeg since March 31. The number of cattle at auction was

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