GFM Network News

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

Continued warm spell heats up cattle sales

A stronger loonie has warded off potential cross-border buyers

Unseasonably warm temperatures across Manitoba have kept activity high at cattle auctions this winter. “It’s been an exceptional run here at Gladstone,” said Tyler Slawinski, Gladstone Auction Mart’s auctioneer. “We traded a lot of cattle, prices were good, and I hope we continue to see that into 2021.” This week, feeder steers between 600 and

Healthy demand greets lighter-weight cattle

Markets expect a couple of busy weeks before the year-end shutdown

Manitoba cattle auction yards remained busy during the first week of December, but should start to slow down heading into the new year. Lightweight feeders were seeing the best demand, with heavier animals running into some resistance. “We probably have another 10 days of good deliveries before everybody shuts down for the holidays,” Rick Wright

Cattle values expected to drop in coming weeks

The chance of COVID-19 hitting packers again has cattle markets on edge

Feeder cattle prices at Manitoba’s cattle auctions have been steadily rising, though the rally isn’t expected to last for much longer. “With futures dropping and grain prices going up, I expect (prices) will stay steady or drop a bit next week,” Grunthal Livestock Auction Mart manager Harold Unrau said. Feed grain prices in Western Canada have been

Fall run continues to pressure cattle prices

Demand is expected to be high for bred cattle coming soon to market

The fall run is in full swing at Manitoba’s cattle auctions, and prices are coming under pressure typical for this time of year. “Feeder cattle are under pressure,” said Harold Unrau, manager at Grunthal Livestock Auction Mart. He cited high grain prices and dropping U.S. cattle futures as possible reasons for the depressed prices, along

Feedlots within Manitoba are loading up on feeder cattle during this year’s fall run.

Values under pressure on lower-quality cattle

U.S. cattle markets have taken some of the shine off Manitoba’s fall run so far

The annual fall cattle run was running at full steam at auction yards across Manitoba during the week ended Oct. 23, with large volumes moving through the rings. However, the big numbers and sharp losses in U.S. cattle futures markets weighed on prices. “We’re in the middle of it now, it’s the busiest month of

Fall run begins at Manitoba cattle auctions

The annual rush is nicely underway and expected to last through the month of October

Cattle prices in Manitoba remained strong throughout the month of September, and prices have firmed up as the fall run begins. “We’re going to see volume get fairly big after Thanksgiving,” remarked Robin Hill of Virden’s Heartland Livestock Auction on Oct. 9. “Volumes at every auction mart are going to increase drastically.” Last week, auctions across Manitoba saw

Lower cattle supplies supportive for prices

Pastures remain in good condition, pre-empting the fall run

Prices have been strong for butcher and feeder cattle, supported mainly by low numbers of cattle heading to auction in Manitoba. The expected fall run has been delayed by unseasonably warm temperatures across most of Manitoba, as pastures have remained in good condition. “Because we’ve had good fall weather, that’s kept cattle out on pasture