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Pipestone fire a loss for Manitoba markets
Livestock Markets, Markets

Pipestone fire a loss for Manitoba markets

Top-end bids for feeder cattle show signs of coming off

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Manitoba’s cattle sector took a hit during the week as a fire destroyed the historic Pipestone Livestock Sales yard in the southwestern corner of the province. The blaze started at around 6:30 p.m. on March 1, with over 80 per cent of the structures and equipment engulfed in flames and destroyed, according to owner Gene
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market bounces on optimistic outlook

Feed barley remains near historical highs

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Compared to last week, western Canadian yearling prices traded $2-$4 higher; prices for mid-weight calves were quoted $4-$8 above week-ago levels. Calves under 550 lbs. traded $6 to as much as $10 higher compared to seven days earlier. Improving feedlot margins were the main factor driving the feeder market. June and August live cattle futures
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

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The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the
Cattle hold steady with fall run winding down
Livestock Markets, Markets

Cattle hold steady with fall run winding down

Barley and wheat values are stronger, pressuring cattle values farther west

By
As the fall run continues at Manitoba’s cattle auctions, prices held steady, according to Tyler Slawinski, an auctioneer at the Ashern and Ste. Rose auction marts. “The fall run is still booming. We were full on; Ashern had nearly 2,900 and Ste. Rose had almost 2,600,” he said. Province-wide, auctions sold more than 15,000 head
CME January 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

Klassen: Feeder market digests rising COVID-19 cases

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Compared to last week, western Canadian yearling prices were relatively unchanged while calves traded steady to $2 lower on average. The grain harvest is in its final stages and buying interest was noted from the farmer/backgrounding operator. The buying frenzy over yearlings has eased and finishing feedlots were active on all weight categories. Feather-light calves
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Yearling market remains red hot

Barley harvest well underway in southern Alberta

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Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market in summer mode

Set-aside program not having much effect yet on prices

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Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Volumes are quite thin at this time of year, which makes the market hard to define. Steady demand surfaced on quality groups of yearlings and calves, while late stragglers and heavier-flesh feeders were severely discounted. Pasture conditions are favourable across the Prairies and

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