GFM Network News

Markets firming for both slaughter and feeder cattle

Reduced placements and a strong slaughter pace are supportive

Slow summer activity continued at the few Manitoba cattle auction yards that held sales during the first week of August. The general trend in the market remained pointed higher, though, as the slaughter backlog caused by the COVID-19 pandemic continued to be worked through. “There are a couple of key drivers,” analyst Anne Wasko of

Butcher cattle prices stay steady across province

Low animal numbers have been met with steady demand

Butcher cattle prices have held strength at cattle auctions scattered across Manitoba, due to low numbers at auction and steady demand. “The butcher market remains fully steady, with stable demand supporting prices,” commented Harold Unrau of Grunthal Livestock Auction Mart. During the week ended July 30, Grunthal and Winnipeg held auctions, servicing approximately 300 cattle.

Rising Chicago futures lift prices against higher loonie

Sale prices rose a few dollars, Virden’s Hill reports

Auction prices increased this week by $2-$3 per hundredweight (cwt) at Heartland Livestock Services’ auction at Virden on July 22, according to Robin Hill, the auction’s manager. “The one thing about the feeder cattle, we’ve really seen the Chicago Mercantile Exchange (CME) really take off last week,” he said. Futures values at the CME are

Cattle prices maintain strength into summer

Thin trade does make it hard to get a handle on market

Feeder cattle prices have held strength during the summer doldrums at cattle auctions in Manitoba. “It’s tough to get a gauge because we only had about 25 or 30,” remarked Scott Anderson of Winnipeg Livestock Auction. “But based on numbers and quality, prices were steady.” Feeder steers between 800 and 900 pounds were between $155

Social distancing guidelines could pose challenging for fall cattle run

Slaughter values in the province have rebounded

When Manitoba’s fall run starts in September, Rick Wright of Heartland Order Buying Co. has a little bit of trepidation when it comes to the social distancing guidelines set by the province. “There are a percentage of people who are not respecting the social distancing requirements, and it’s putting the markets in a bad position,” Wright said, noting

Klassen: Feeder market in summer mode

Set-aside program not having much effect yet on prices

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

Demand strong ahead of summer slowdowns

Fed cattle prices have shown improvement

Prices for cattle at auctions across Manitoba were stronger ahead of the summer slowdown during the week ended June 11. “There’s some optimism for feeder cows, because we can put them away for a later market,” said Tyler Slawinski, an auctioneer for the livestock markets at Ashern and Gladstone. Demand is strong for heavier feeder cattle, which has supported prices, he said. At

Cattle prices improve prior to summer shutdowns

Overall cattle traffic at auctions was down by almost two-thirds

Just as the spring run in the Manitoba cattle auctions comes to an end, prices gained a little ground for the week of May 29 to June 4. Keith Cleaver of Heartland at Brandon said increased demand provided support for prices, while Harold Unrau of Grunthal Auction Mart added that “a lack of product” also helped. With several auctions closed this

Increased slaughter activity revives optimism at auctions

Chicago live cattle last week climbed to their best levels since early March

Cattle prices at Manitoba auction yards have shown some considerable improvement over the past month, as activity starts to slow down ahead of the summer and earlier disruptions due to the COVID-19 pandemic have largely sorted themselves out for the time being. “It certainly has perked up,” Allan Munroe of Killarney Auction Mart said of

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