GFM Network News


Culls dominate Manitoba cattle markets

Most facilities are already on summer schedule

Cull cows accounted for most of the cattle moving through the Manitoba cattle auction yards in mid-June, with facilities already closed for the summer or operating at a reduced schedule. “We’re seeing large volumes of cows come into the market in Manitoba,” said Rick Wright of Heartland Order Buying, adding that prices were relatively steady

Feed weekly outlook: Prices steady, demand quiet

MarketsFarm — Demand for feed grains has slowed down on the Prairies due to uncertainty in cattle markets posed by the COVID-19 pandemic. Many cattle processing and packing plants across North America have closed or slowed production due to lack of staff, leading to widespread issues in feed grain supply chains. “The lack of forward




Stock market losses hurting cattle prices

Numbers of cattle at auctions were down from the previous week

To Robin Hill, the manager of Heartland Livestock Services’ Virden auction facility, this is far from a good time for Manitoba cattle auctions. That’s due to massive losses in stock markets, stemming from fears over effects the COVID-19 coronavirus could have on the global economy. The stock markets began to tumble as COVID-19 spread across


Uncertainty drags on Canadian cattle markets

Beef demand is strong but cattle prices are under pressure, Canfax says

Cattle markets have tumbled as a result of COVID-19, according to the senior analyst at Canfax. “Feeder markets are off pretty hard, some of them are off 15 to 20 cents a pound, this week,” Brian Perillat said Tuesday. “They have been depressed over the last month. Feedlots too. Fed price is at the low

Coronavirus ends hopes for positive year for markets

Top importer China among the hardest hit, dampening demand

As 2020 began there was a lot of positive sentiment, with hopes that the year was going to be a good one for the cattle industry, said Brian Perillat, manager and senior analyst with CanFax. However, that has been changing with the COVID-19 coronavirus outbreak, as cattle auctions are not immune to what’s happening on