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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market waiting for direction

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Average western Canadian feeder prices were relatively unchanged from week-ago levels; however, the yearling market in southern Alberta traded $3-$5 higher as feedlot operators focused on sourcing local cattle. High-quality yearlings are coming on the market and steady demand was evident across the Prairies. Strength in the deferred live cattle futures along with the deterioration
Manitoba cattle producers fear they’ll be sending more stock than usual to auction this fall as a feed shortfall looms.
Livestock, Livestock Markets

Manitoba cattle values steady with Ontario, U.S. interest

Producers face both higher feed costs and a falling loonie

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Manitoba cattle auctions reported strong prices this week amid good interest from the U.S. and Ontario. Prices slipped slightly, but remain at relatively strong levels, according to Manitoba Beef Producers general manager Brian Lemon and Brian Perillat of cattle market analysis firm Canfax. “Prices are still down a bit. But they are still softening from
Poor pastures and high feed prices are seeing cattle go to market earlier than planned.
Livestock, Livestock Markets

Current strength in cattle prices not expected to last

Producers face early sales due to short supplies of feed

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Cattle prices in Manitoba continued to hang strong during the week ended Aug. 17, as producers grappled with growing feed problems and persistent smoke from fires in British Columbia and Ontario. Volumes remained seasonally low, but one market watcher noted activity at online auctions was brisk. “When you look at video sales there are more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Strong demand drives yearlings higher

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Compared to last week, western Canadian yearling markets traded $2-$3 higher, with quality packages advancing $4-$6. Feedlot operators shrugged off the weaker live cattle futures as feed grain prices came under pressure. Cattle brokers were carrying a full deck of orders, which allowed for limited slippage. Feedlots are anxious to secure ownership early in the
Cows herded in to holding pen
Livestock, Livestock Markets

‘Gap’ season more active than normal for cattle sales

Poor pasture conditions cause an early-fall calf run prediction

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It’s sometimes known as the gap season in cattle markets — that slow time of year between the early spring and fall-winter sales runs. But there are decent profits producers can pick up now, said Rick Wright of Heartland Order Buying. “Cattle are actually bringing a profit and the buyers are a bit reluctant to
Cows herded in to holding pen
Livestock Markets, Markets

Manitoba cattle markets stay steady

Prices are showing surprising resilience against seasonal slumps

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The cattle market in Manitoba continues to show surprising strength as higher feed costs and a seasonal slowdown in sales haven’t caused a serious setback in prices. Volumes were light but ranchers still managed to find enough animals to take to market. Feeder cattle in Manitoba weighing 700 pounds and under averaged around $200 per
cattle
Livestock Markets, Markets

Few cattle are on offer to soak up increases in prices

Market watchers haven’t yet seen a ‘wall of cattle’ arrive

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With few cattle moving through the system it’s tough to get a real test on prices, but Mike Nernberg of Winnipeg Livestock Sales said small numbers were moving in Alberta. With 50 yearlings sold earlier this week, the count was too small to provide a solid indication of prices, but 900-lb. heifers sold around the
Cows herded in to holding pen
Livestock Markets, Markets

Feeders slow to set price; U.S. futures try to rally

Global trade worries aren’t yet affecting beef demand

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Cash cattle markets on both sides of the border and futures in the U.S. are reporting sluggish volumes but steady prices. Rick Wright of Heartland Order Buying said few feeders are entering sales rings and most of what’s being sold on cash markets are cull cows and bulls. “With our holiday on Sunday, Monday and

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