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Head counts likely to dip, but cattle numbers remain strong overall
Livestock Markets, Markets

Head counts likely to dip, but cattle numbers remain strong overall

Demand for Manitoba cattle comes from local and eastern buyers

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The amount of cattle heading to Manitoba’s eight auction facilities continued to remain strong for the week of Feb. 10-16, with a total of 11,079 head. Last week, 7,105 were sold based on figures from seven reporting auctions. The largest week-to-week increase was for the Grunthal Auction Mart, jumping from 243 at their Feb. 7
CME May 2023 feeder cattle (candlesticks) with 20-day moving average and CME March 2023 feeder cattle (brown O/H/L/C). (Barchart)
Livestock, Markets

Klassen: Canadian feeder market rationing demand

Demand from Ontario remains aggressive

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Compared to last week, western Canadian yearling prices were up $4-$6 while calf markets traded $6 to as much as $10 above week-ago levels. May feeder cattle futures are trading at a $8 premium to the nearby March contract. The carrying charge in the futures market has encouraged buyers to step forward sooner rather than
Cattle numbers, and some prices, rise
Livestock Markets, Markets

Cattle numbers, and some prices, rise

Securing transport for sold cattle remains a problem

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As cattle auctions across Manitoba get back into full swing, the number of head old rose sharply on the week. Prices for feeder steers and heifers were also steady to higher for the week ended Jan. 26. “We had about 920 head on offer this week, so for our second sale [of 2023] I thought
Cattle futures seen supporting local bids
Livestock Markets, Markets

Cattle futures seen supporting local bids

Buying interest from the U.S. hasn’t yet materialized

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Feeder cattle moving through Manitoba’s auction marts saw good demand and solid prices in mid-January as activity picked up following the holiday season. “It’s very positive,” said Allan Munroe of Killarney Auction Mart, which held its first sale of 2023 on Jan. 16 with just over 1,000 head on offer. He noted there were 600-weight feeder steers nearing
(RBAuction.com)
Markets

Ritchie Bros. raises cash payout in bid for IAA

Activist investor Starboard Value buys into Ritchie

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Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will
Cattle auction sites back in action
Livestock Markets

Cattle auction sites back in action

Total weekly sale volumes were well down from the pre-holiday period

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Most of Manitoba’s cattle auction sites resumed activity during the week ended Jan. 12, with two more set to reopen the week after. Winnipeg Livestock Sales was the first to hold its weekly sale on Jan. 6, followed by Gladstone Auction Mart, Grunthal Livestock Auction and Heartland Livestock Services (HLS) in Brandon on Jan. 10.
Big fall cattle run could reach holiday season
Livestock Markets, Markets

Big fall cattle run could reach holiday season

Values are expected to see greater fluctuation in the new year

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The number of cattle being sold at Manitoba’s auctions remains high and the fall run is set to push into December, according to Tyler Slawinski, auctioneer at the Gladstone and Ashern auction marts. “The rush is still on. The numbers are high right across the province,” Slawinski said, noting that despite a few cancellations, the
CME August 2023 live cattle (candlesticks) beneath CME December 2023 live cattle (top line), The spread between the two has been influencing the price structure for calves, Jerry Klassen writes. (Barchart)
Livestock, Markets

Klassen: Stronger deferred live cattle futures support feeder market

Fall run seen moving into final stages

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Compared to last week, western Canadian calf markets traded $5 lower to as much as $3 higher. Quality groups of heifers weighing 550-700 lbs. were notably $2-$3 higher and this was largely due to lower supplies of steers. Weather conditions improved in southern Alberta, which was supportive; however, buyers were cautious. Quality pre-conditioned calves held
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Adverse weather limits demand for calves

Stronger Canadian dollar adds pressure

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Compared to last week, western Canadian yearling prices were steady to $2 higher. Calves traded steady to $10 lower in Alberta while markets in Saskatchewan and Manitoba were quoted $5 lower to $2 higher. Adverse weather resulted in a softer tone for calves with Lethbridge temperatures dipping to -25 to -33 C last week. The

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