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Cattle prices strong as U.S. futures break records
Livestock Markets, Markets

Cattle prices strong as U.S. futures break records

Shrinking cattle herds support values

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Shrinking cattle herds in Canada and the United States are raising prices on the Chicago Mercantile Exchange to record levels, as well as those at Manitoba auction sites. “Lower supplies, strong demand,” summarized Allan Munroe, manager of Killarney Auction Mart. Prices remained elevated during the week ended March 10. Feeder steers weighing under 500 pounds
Head counts likely to dip, but cattle numbers remain strong overall
Livestock Markets, Markets

Head counts likely to dip, but cattle numbers remain strong overall

Demand for Manitoba cattle comes from local and eastern buyers

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The amount of cattle heading to Manitoba’s eight auction facilities continued to remain strong for the week of Feb. 10-16, with a total of 11,079 head. Last week, 7,105 were sold based on figures from seven reporting auctions. The largest week-to-week increase was for the Grunthal Auction Mart, jumping from 243 at their Feb. 7
Brenna Grant from CanFax visited Manitoba in mid-January to give cattle producers a peek into 
2023 expectations.
Beef cattle, Livestock

Cattle market to keep stride

The upcoming year should see the continuation of strong prices

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The beef sector can expect the market to keep its momentum in 2023. That was the message as CanFax made the rounds in Manitoba in mid-January to present the latest economic forecasts to producers. Why it matters: A string of hard production years was followed by a surge in calf and feeder prices, but that
Cattle futures seen supporting local bids
Livestock Markets, Markets

Cattle futures seen supporting local bids

Buying interest from the U.S. hasn’t yet materialized

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Feeder cattle moving through Manitoba’s auction marts saw good demand and solid prices in mid-January as activity picked up following the holiday season. “It’s very positive,” said Allan Munroe of Killarney Auction Mart, which held its first sale of 2023 on Jan. 16 with just over 1,000 head on offer. He noted there were 600-weight feeder steers nearing
Cattle prices still strong as holidays approach
Livestock Markets, Markets

Cattle prices still strong as holidays approach

Rising costs for trucking may curb demand from East

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Before Manitoba cattle auction sites and producers take a break for the winter holiday season, they are being given an early gift of strong cattle prices. During the week of Dec. 15, lightest steers ranged from $260 to $346 per hundredweight, compared to a similar range of $260-$351/cwt during the previous week. The minimum price
Local interest and Ontario demand fuel cattle feeder market
Livestock Markets, Markets

Local interest and Ontario demand fuel cattle feeder market

Bred cows going to slaughter doesn’t bode well for future of sector

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Feeder cattle markets in Manitoba looked strong in early December as the fall run slowed ahead of the holidays. “This week the market was very aggressive on the feeder cattle … with lots of local interest and strong demand from Ontario,” said Rick Wright of Heartland Order Buying on Dec. 8. He said some cattle
Manitoba’s fall cattle run beginning to wane
Livestock Markets, Markets

Manitoba’s fall cattle run beginning to wane

Better grazing conditions extended the season this fall, which was reflected at auction

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Cattle numbers at auction will likely recede heading into the holidays, says Scott Anderson of Winnipeg Livestock Sales. The fall run has remained strong this year thanks to an about-face in conditions. “The grazing season was so much longer this year than it has been in the past, with all of the moisture we have
Cattle prices steady as fall run in full swing
Livestock Markets, Markets

Cattle prices steady as fall run in full swing

Increase in bred cattle sales noted as producers exit industry

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The fall run was in full swing across Manitoba’s cattle auction yards during the week ended Nov. 10. Prices held reasonably steady for feeder cattle but butcher cows came under pressure. Top end butcher cows have lost roughly $10 per hundredweight over the past month, and the seasonal increase in numbers coming to market is

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