Is the strong cattle market sustainable?

Is the strong cattle market sustainable?

If a correction comes, overextended producers could be hit hard

The Manitoba cattle market remains strong but the sustainability of current high prices is a question. “I talked with some local abattoirs and they say they really can’t compete with some of the bigger operations in the cities doing things cheaper or on a higher volume,” said Tyler Slawinski, auctioneer at the Gladstone and Ashern

Rising temperatures mean rising cattle numbers at auction marts

Rising temperatures mean rising cattle numbers at auction marts

Temperature spike causes muddy pens, early breakup and animals thrown off feed

The number of cattle going through Manitoba cattle auction sites continued to increase during the week ended Feb. 1. Two weeks after frigid temperatures kept many buyers and sellers at home, warmer-than-normal temperatures to end January attracted more than 1,000 animals to the weekly sales at every site except Winnipeg Livestock Sales. In total, 11,580


Cattle consultant Rick Wright doesn’t expect tight cattle supplies to loosen anytime soon.

Price peaks require smart marketing

Beef producers need to play it smart and know their cost of production if they’re going to laugh their way to the bank

Rick Wright of Cattle Consulting doesn’t see any signs that the cattle price gravy train will be slowing any time soon. “There’s more than just optimism out there. The fundamentals support a pretty good market moving forward,” he said. “Will it be better than 2023? Maybe not, but I think it will be every bit

Cattle use round bales as a wind break. (NDSU photo)

Klassen: Yearling return to the lineup on strong demand

Frigid temperatures result in limited volumes

The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.


“… the price high for this cattle cycle might not be seen until the fourth quarter of 2024, or even 2025, depending on the weather.” – Brenna Grant, Canfax.

More record cattle prices likely on horizon

If heifer retention rises, prices will continue to ascend

Manitoba’s eight cattle auctions and numerous others across Canada witnessed record high prices this past fall, and even stronger prices could be the big story in 2024, according to Brenna Grant, executive director of CanFax. “I think it would be no surprise that, with a smaller North American cattle herd, that the fundamentals remain strong,

Large volumes coming in, cattle prices remain strong

Large volumes coming in, cattle prices remain strong

Better weather brings calves to market and a grass cattle shortage looms

A high volume of cattle came to Manitoba auctions last week and prices held close to record levels. The provincial industry has positioned itself for a potentially excellent start to 2024, according to Gladstone and Ashern auctioneer Tyler Slawinski. Overall volume of cattle coming for sale eased off a little at Gladstone, but Slawinski said