GFM Network News


Factors pile up for a downturn in cattle markets

Factors pile up for a downturn in cattle markets

The loonie’s current strength is not helpful

Along with the stronger Canadian dollar, a few other factors have combined to point the Manitoba cattle industry toward something of a downturn, according to Harold Unrau of the Grunthal Livestock Auction Mart. “Grain prices are rising. Cattle futures are staying the same or maybe dropping a bit. So between the dollar and the grain



Cows herded in to holding pen

Rising Chicago futures support Manitoba values

Availability of trucks may soon become a market issue

Cattle prices rose at Manitoba auction marts during the week ended Oct. 27, as futures prices on the Chicago Mercantile Exchange helped push up sales. “Just about every day it’s been positive (on the Chicago Mercantile Exchange) and that’s what is holding the market probably together on the feeder cattle,” said Robin Hill with Heartland

Beneficial rains a boost for local cattle buyer optimism

Beneficial rains a boost for local cattle buyer optimism

Local markets overcome turbulence in cattle futures

Moving into the summer, Manitoba’s ranchers are watching cash markets and the weather, with both delivering good news. Cattle futures at the Chicago Mercantile Exchange (CME) saw some turbulence over the past week, though prices for cattle at auctions in Manitoba were able to resist that pressure. “The cash market didn’t seem to reflect it,”