GFM Network News

Demand returning to Manitoba cattle sales

An increased pace in beef processing helped lift cash prices and futures

Slaughter and feeder cattle prices in Manitoba have recovered slightly from prior lows caused by processing plant shutdowns due to COVID-19. “Between when they bottomed out two weeks ago and now, we’re probably seeing a spread of about 30 to 50 cents higher,” said Tyler Slawinski, an auctioneer for Ashern and Gladstone’s markets. Slawinski credited the uptick in

Improved demand keeps cattle markets largely steady

Demand outstrips cattle supplies as the spring run comes to an end

Despite some price increases for feeder cattle, markets were largely steady to higher this week, according to Rick Wright of Heartland Order Buying Co. Any gains, he said, were helped by packing plants in Ontario and Alberta taking in more livestock. “It stimulated some (price) activity on the bigger cattle.” Another supportive factor was that the spring run

Heavyweight cattle prices pressured by lack of demand

Plant closures are adding to the usual seasonal lull expected for this time of year

Cattle volumes at auctions across Manitoba are starting to dwindle, which is typical for this time of year. “Numbers are down everywhere,” said Rick Wright of Heartland Order Buying Co., remarking that some auctions had already switched to their summer schedule of holding auctions every two weeks. Prices for feeder cattle below 750 pounds have held steady, but

Auction activity holds up well during pandemic

Cargill resuming operations at High River is seen as supportive

As Manitoba cattle auctions continued to deal with restrictions placed on them due to the COVID-19 pandemic, Pipestone Livestock Sales has held up quite well, according to auctioneer Brock Taylor. “It’s been pretty good out in this area. We have a pretty good set of buyers and they let you know when they’re coming,” he said. With the pandemic, cattle

Supply chain problems weigh on cattle prices

Locals who usually seek cattle for grazing are staying clear of auctions

Auction markets across the province are feeling the burden of COVID-19, as supply chain issues have put pressure on feeder and butcher cattle. Feeder cattle prices at Grunthal Livestock Auction Mart were steady to slightly lower during the week ended April 17, with sharper losses observed in butcher cattle prices. Weakness in butcher cattle pricing

USDA to probe surging beef prices versus falling cattle prices

Tyson says will co-operate with department's investigation

Chicago | Reuters — The U.S. Agriculture Department will investigate why a surge in beef prices because of coronavirus-related hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies such as Tyson Foods and Cargill that dominate

Limits on border traffic not affecting cattle movement

Manitoba’s cattle sales continue, albeit with social distancing in mind

It wasn’t quite business as usual at Manitoba’s cattle auction yards during the week ended March 27, but cattle were still moving despite the extra COVID-19 pandemic precautions in place. With the Manitoba government declaring a state of emergency, the livestock sector is also practising social distancing. Sales are being held, but with only staff

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