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Tag Archives beef markets

File photo of cattle on feed near Champion, Alta., about 75 km north of Lethbridge. (James_Gabbert/iStock/Getty Images)
Beef Cattle, Cattleman’s Corner, Markets

Tighter fed cattle supplies support feeder market

U.S. beef producers are not yet holding back enough heifers for expansion

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During the first week of June, Alberta packers were buying fed cattle on a live basis at $261 per hundredweight, f.o.b, feedlot in southern Alberta, up $4/cwt from a month earlier. Market-ready supplies of fed cattle were sharply above year-ago levels earlier in winter, but the backlog has slowly been alleviated through the spring period. […] Read more
korea cattle
Beef Cattle, Cattleman’s Corner, Columns

Korean beef: similar feed, but much more marbling

Better Bunks and Pastures: Hanwoo cattle are finished to higher weights than most Canadian cattle, with similar daily gains

By
I am going to take a month off from my regular routine. Rather than discuss the latest in Canadian beef nutrition, I am going to examine a new beef experience, almost 10,000 km west of Winnipeg, at the outskirts of Naju City in South Korea. In short order, my girlfriend and I took a two-week […] Read more
Fed cattle are still at high prices despite a recent pullback.
Cattleman’s Corner, Columns, Markets

Cattle market works to ration demand

Cattle prices are expected to reach historic highs this summer, then drop

By
During the first half of April, Alberta packers were buying fed cattle on a live basis at $240 per hundredweight delivered, up $8/cwt from a month earlier. Market-ready fed cattle supplies in Alberta and Saskatchewan are tightening, causing the fed cattle basis to strengthen. While the Canadian domestic slaughter is running slightly below year-over-year levels, […] Read more
A year-over-year decrease in Q1 feeder cattle placements in both Canada and the U.S. is expected to lead to tighter market-ready supplies during the summer.
Cattleman’s Corner, Columns, Markets

Expect stronger cattle markets for third quarter

A surprise reduction in beef production could mean higher prices

By
During the second week of March, Alberta packers were buying fed cattle on a dressed basis in the range of $378-$380 per hundredweight (cwt) delivered. Prices f.o.b. (free on board) the feedlot in southern Alberta were quoted from $225 to $226/cwt. The market has been consolidating over the past month, as market-ready fed cattle supplies […] Read more
Nearly half of a beef carcass is consumed by consumers with average to above-average incomes.
Cattleman’s Corner, Columns, Markets

How consumer spending drives fed cattle prices

Here's why a small change in spending affects the beef market

By
Cattle producers are bombarded with charts and data from cattle inventory reports and cattle on feed surveys. During the fall of 2023, live cattle futures and were trending lower. Every analyst I was reading was focused on how low supplies were from a historical perspective; however, fed cattle prices were on a downward spiral. It’s […] Read more
Cattle producers need to be aware, as we head toward 2025, that a small change in supply has a large influence on price.
Cattleman’s Corner, Columns, Markets

Cattle herd declines while economy expands

One per cent increase in consumer spending means one per cent increase in beef demand

By
I often place myself two years in the future, with a view of the past two years. The old saying is that hindsight is 20/20. Well then, place yourself in the future and look backward. If I were giving a cattle market outlook in March 2026, the summary would be the following: During 2024, feeder […] Read more
lean beef in retail meat case
Beef Cattle, Cattleman’s Corner, Markets

Beef demand outlook brightens

U.S. consumer spending — the main driver of beef demand — is improving

By
U.S. and Canadian inflation reached 40-year highs in June of 2022. Interest rates reached 22-year highs in the summer of 2023. For the past two years, most financial analysts were forecasting a U.S. and Canadian recession at some point in the future. When the recessions didn’t occur, they delayed the recession forecast by three to […] Read more
Cattle use round bales as a wind break. (NDSU photo)
Beef Cattle, Markets

Klassen: Yearling return to the lineup on strong demand

Frigid temperatures result in limited volumes

By ,
The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.
File photo of raw and cooked ground beef. (Lime and Lemon Media photo via Canada Beef Inc.)
Beef Cattle, Hogs, Livestock

Beef sector calls for Health Canada label exception

The Canadian Cattlemen's Association wants ground beef exempted from proposed rules

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The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] Read more

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