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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market faces many headwinds

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Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Feedlot operators and order buyers were contending with a number of variables which resulted in a defensive tone. First, the Canadian dollar rallied late in the week, derailing any buying interest from south of the border. U.S. feeder cattle markets were also trading
Cows herded in to holding pen
Livestock Markets, Markets

Sale volumes rise as prices improve on heavier cattle

Grass appears to be greening up in a timely fashion

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Prices for cattle at Manitoba auction marts ticked upward during the week ended May 4, particularly on cattle at the heavier end, as producers prepared for spring activity. Feeder steers ranging from 700 to 900 lbs. were generally $5/cwt higher on average, according to prices from the province’s main auction marts. It was a different
Prairies’ cattle markets starting to strengthen
Livestock Markets, Markets

Prairies’ cattle markets starting to strengthen

Supplies may drag on prices heading further into summer

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Cattle prices are starting to rise on the Prairies following a rebound for cattle futures on the Chicago Mercantile Exchange, from where one Alberta analyst sits. “(In) the last two, three weeks, (prices have become) pretty good finally. We really had a meltdown in the futures two, three weeks ago, (due to) trade worries and
There is still a big spread between prices paid for steers and heifers.
Livestock Markets, Markets

Cattle prices ‘hit the bottom’ at Manitoba auction sales

Recent sales point to interest in top-quality heifers

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Prices carved out a bottom for themselves at most Manitoba auction marts during the week ended April 20, according to one industry expert. Bids for heavier cattle dipped a few dollars on average while lower weights also were under pressure. Steers in the 400- to 500-lb. class were generally in the mid-$230s to -$250s per
U.S. futures support cattle values against rising loonie
Livestock Markets, Markets

U.S. futures support cattle values against rising loonie

Volumes decline at sales as ranchers focus on calving

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Cattle moving through Manitoba’s auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill of Heartland Livestock Services at Virden. There was no real rhyme or reason to the gains or losses in the different classes of feeder
Cows herded in to holding pen
Livestock Markets, Markets

Lukewarm buyer interest weighs on cattle prices

Traders are mindful of expectations for large supplies

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Cattle prices stayed under pressure at auction marts across Manitoba during the week ended April 6. Bids were mostly similar to the previous week for steers and heifers; a little more interest may have been paid to cows. “A lot of cows in Western Canada are coming to market now,” said Anne Wasko, a market
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market continues lower trend

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Western Canadian feeder cattle markets traded $5 to $8 below week-ago levels; noticeable declines were noted in the lighter weight categories, which were down $6 to as much as $10. Adverse weather continues to plague the feedlot regions of Alberta and Saskatchewan. Another snowfall over the weekend caused pen conditions to erode to lowest levels
U.S. futures spur downturn at Manitoba auction marts
Livestock Markets, Markets

U.S. futures spur downturn at Manitoba auction marts

USDA’s Cattle on Feed report is bearish for markets

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Cattle numbers shrank at Manitoba auction marts for the week ended March 30, as the latest U.S. Cattle on Feed report left an unsavoury taste in sellers’ mouths. The U.S. Department of Agriculture (USDA) Cattle on Feed report, released March 23, showed ranchers sent seven per cent more cattle to feedlots in February, compared to

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