GFM Network News

Auction activity recovers as colder spell retreats

Eastern and western feedlots are again shopping for feeder cattle

Temperatures were still cold across Manitoba during the third week of February, but sunny skies and daytime highs in the -20s C, or even the minus teens, were much more welcome at the cattle auctions than the -40s with the wind chill that limited activity the previous week. “We’re getting out of this cold snap

Feeder cattle prices continue to increase

Some feedlots down east still have room for Manitoba cattle

Manitoba cattle auction yards saw plenty of activity in the first week of February as more than 8,000 cattle went through the rings. By comparison, roughly 5,000 head were sold in the previous week. Feeder prices continued their steady ascent over the past few weeks as lighter-weight steers saw the greatest value. High-end steers weighing less than 500

Klassen: Feeder market bounces on optimistic outlook

Feed barley remains near historical highs

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

Guelph beef plant’s shutdown alters feeder cattle traffic

Higher prices for feed grains put pressure on cattle markets

Livestock auction sites across the province saw a jump in activity with more cattle sold during the week ending Jan. 22. Prices for feeder cattle did not see much change from the previous week. Despite this, deliveries are still slightly lower than at the same time last year — and higher grain prices are to

Rising feed prices drag on cattle futures

Feeder cattle bids continue steady to lower

Activity was slowly picking back up at Manitoba’s cattle auction yards during the second week of January, with feeder prices steady to lower compared to levels ahead of the holidays. Lighter-weight feeders continued to see the best demand, with discounts for the heavier animals. About 5,000 feeder cattle moved through the rings across the province during the

High feed grain prices in the West are expected to keep a lid on feeder cattle values this month.

Only a trio of cattle auctions to start 2021

A stronger loonie is making Manitoba cattle less attractive for export

With just three auctions open, fewer than 640 head of cattle were sold at Brandon, Virden and Grunthal for the week ended Jan. 7. “There wasn’t enough to really quote accurate market (prices),” said Keith Cleaver, manager of Heartland Livestock Services’ Brandon auction. “The first week is pretty slow always,” he added, noting cattle numbers

A difficult year for Manitoba’s cattle industry

COVID backlogs and market pivots were all just part of the challenge

It would be something of an understatement to say the Manitoba cattle industry faced a tough year in 2020 due to the COVID-19 pandemic, according to a pair of industry experts. “Prices were volatile and then very flat in the second half of the year,” commented Brian Perillat, manager and senior analyst for CanFax. He

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

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