Questions surround 2024 cattle market

Questions surround 2024 cattle market

Market Talk with Jerry Klassen

Glacier FarmMedia — Feeder and fed cattle traded at historical highs over the past year. I’ve received many calls and emails from cattle producers asking questions regarding the market fundamentals moving forward. Can producers expect prices to stay at higher levels or is the market vulnerable to downside potential? During August and September 2024, there

Photo: Canada Beef Inc.

Klassen: Feeder cattle market stabilizes

For the week ending August 31, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Finishing feedlots are exuding a cautious sentiment. While order buyers had a full deck, there were upside limits. Pen-sized strings of quality yearlings traded at a premium to average values. Alberta packers were buying fed cattle


(HLS.ca/virden)

Flu outbreak sees buyers balk at beef futures

Cash prices fairly level; beef producers should look into risk management tools, analysts say

Markets have seen cattle futures (mainly live and fed) decline in recent weeks as the highly pathogenic avian influenza (HPAI) strain made its way into dairy herds in six states to date. The good news, said a cattle auction leader and market expert, is that cash prices have remained more-or-less steady amid the chaos.

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.


Calves in demand at auction sites

Calves in demand at auction sites

Freeze up is bringing local buyers to look at calves

Calf prices rose and yearling prices dropped at one Manitoba cattle auction site during the week ended Nov. 23. Scott Anderson, field representative for Winnipeg Livestock Sales, suggested that those buying yearlings were more likely to follow declining cattle futures than those who were buying calves. He also said the yearling market has tailed off

Downside to record cattle prices spurs call for industry co-operation

Downside to record cattle prices spurs call for industry co-operation

AUCTIONS | For auction markets, this fall run looks to be more like a fall marathon

Prices at Manitoba’s cattle auctions continued to be among the strongest ever seen during the week ended Sept. 28 — and as the fall run got fully underway, the province saw large numbers of cattle come in for sale. “It’s very busy,” said Tyler Slawinski, auctioneer for Gladstone as well as the Ashern Auction Mart.