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Cattle prices to stay around 2024 highs
Livestock Markets, Markets

Cattle prices to stay around 2024 highs

After a snowstorm shut down activity the week previous, auctions were very busy

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Cattle sellers and auction sites across Manitoba were eager to return to business as usual during the week ended March 15. After a major snowstorm the previous week cancelled some auctions and kept cattle at home, several sites made up for lost sales and saw many more animals go through the rings. “In Gladstone, I
Low feed prices offer chance for more profitable cattle sales
Livestock Markets, Markets

Low feed prices offer chance for more profitable cattle sales

The number of cattle coming to market may be set to decline

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Prices at Manitoba’s eight cattle auctions have plateaued for now, but Scott Anderson of Winnipeg Livestock Auction Sales says they are likely to remain strong for now. “When we came back in January, every week things were a little bit higher. But it’s the same old story, though. How high can you go?” Anderson said
Cattle moving in greater numbers
Livestock Markets, Markets

Cattle moving in greater numbers

Trend expected to continue through February

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While there was not much change in cattle prices at the Killarney Auction Mart at its Jan. 22 sale, the number of head sold was slightly more than triple the previous week. There were 1,255 cattle auctioned on Jan. 22, compared to 410 the previous Monday. “Some of those yearlings bought last summer are starting
Cold keeping cattle, buyers at home
Livestock Markets, Markets

Cold keeping cattle, buyers at home

Sales were cancelled and shipping animals difficult during frigid days

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Frigid temperatures, especially in southwestern Manitoba, led to one cancelled sale and very few cattle going through the rings at other auctions during the week ended Jan. 18. Severely low temperatures and bitter wind chill values prompted Heartland Livestock Services in Brandon to cancel its sale on Jan. 16. Winnipeg Livestock Sales and HLS Virden
Cattle consultant Rick Wright doesn’t expect tight cattle supplies to loosen anytime soon.
Beef cattle, News

Price peaks require smart marketing

Beef producers need to play it smart and know their cost of production if they’re going to laugh their way to the bank

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Rick Wright of Cattle Consulting doesn’t see any signs that the cattle price gravy train will be slowing any time soon. “There’s more than just optimism out there. The fundamentals support a pretty good market moving forward,” he said. “Will it be better than 2023? Maybe not, but I think it will be every bit
Cattle auction sites reopen for 2024
Livestock Markets, Markets

Cattle auction sites reopen for 2024

Cow and bull market better than anticipated

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Four Manitoba cattle auction sites reopened during the week ended Jan. 11 after a holiday break, though buying activity hasn’t yet returned to normal levels. Gladstone Auction Mart, Grunthal Livestock Auction Mart and Heartland Livestock Services (HLS) in Brandon all conducted their first regular sales of 2024 on Jan. 9. HLS in Virden followed suit the next day,
Terrific prices, optimism but several ongoing issues for cattle markets through 2023
Livestock Markets, Markets

Terrific prices, optimism but several ongoing issues for cattle markets through 2023

Aging producer population, drought and inflation reduce cattle numbers

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Record prices were a tremendous boon to the Manitoba cattle industry in 2023, but the sector continued to struggle with significant problems during the year, according to Manitoba Beef Producers general manager Carson Callum. “I think the high prices were one of the big things leading to optimism within the sector,” he said. “There’s been
Cattle auction sites closing for the holidays
Livestock Markets, Markets

Cattle auction sites closing for the holidays

Annual holiday slowdown comes after a long and busy fall run

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A few Manitoba cattle auction sites closed their doors for the holiday season after their final regular sales of 2023. Gladstone, Ashern and Ste. Rose Auction Marts all conducted their final cattle sales before the New Year on Dec. 11, 13 and 14, respectively. Winnipeg Livestock Sales had one more regular sale on Dec. 15,
Cash prices lag behind cattle futures
Livestock Markets, Markets

Cash prices lag behind cattle futures

Buyers are paying a premium for healthy calves from proven producers

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Sharp declines in the United States cattle futures market helped bring cattle prices down at auction sites across Manitoba for the week ended Dec. 7. Feeder steers weighing 700 pounds or more ranged in price from $210 to $348 per hundredweight during the week, compared to $225 to $378.50 one week earlier. The minimum price

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