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Beef supplies will tighten by mid-2023 
Beef Cattle, Cattleman’s Corner, Markets

Beef supplies will tighten by mid-2023 

Market Update with Jerry Klassen: Feeder cattle market will function to encourage expansion

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Western Canadian feeder cattle prices trended lower throughout the fall. During late August and the first half of September, higher-quality yearlings in Manitoba weighing 850 pounds were trading in the range of $255-$260/cwt. In early December, replacement cattle of similar quality in the same region were quoted at $240. Calves had a similar trend, dropping […] Read more
Western Canadian yearling prices have strengthened over the past month.
Beef Cattle, Cattleman’s Corner, Markets

Feeder cattle numbers decline

Market Update with Jerry Klassen: Beef demand remains strong

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During the last week of August, Alberta packers were buying fed cattle on a live basis in the range of $180-$181/cwt delivered, up $7-$8/cwt from 30 days earlier. U.S. and Canadian beef production has been running above a year ago, and beef demand has exceeded earlier projections. Inflation pressures on both sides of the border […] Read more
(Lovelyshot/iStock/Getty Images)
Beef Cattle, Livestock

Quebec group seeks to sue beef packers over pricing

Group's class-action application alleges price-fixing dating back to 2015

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A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for […] Read more
Cow-calf producers don’t have to be just price takers. They can tap into marketing options that provide improved rates of return.
Cattleman’s Corner, Livestock, Markets

Who makes money in the beef industry?

Market Update with Jerry Klassen: The cow-calf producer does have options for increasing returns

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Over the past year, I’ve received many inquiries from cow-calf producers regarding the margin structure for packing plants. Wholesale beef prices have been trading near historical highs, but this hasn’t translated into significantly higher feeder cattle prices. Cow-calf producers often believe they are at the bottom of the ladder when it comes to profitability throughout […] Read more
Feeder cattle market poised to rally in 2022
Beef Cattle, Cattleman’s Corner, Markets

Feeder cattle market poised to rally in 2022

Market Update with Jerry Klassen: Higher barley production forecast, with feed grain prices expected to fall

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Alberta packers were buying fed cattle on a live basis in the range of $163-$165 during the second week of December. This is up $9-$11 from 30 days earlier. Canadian prices have been pulled higher by strength in the U.S. fed market. Fed cattle prices in Texas and Kansas were actively trading in the range […] Read more
With beef demand increasing and the U.S. beef herd declining, Jerry Klassen figures it should bode well for Canadian beef producers over the coming year. Photo is of mob grazing cattle near Manning, AB.
Cattleman’s Corner, Livestock, Markets

Positive fundamentals driving cattle prices higher

Increased beef production in Canada will pay off in 2022

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Alberta fed cattle prices were quoted at $164-$165 f.o.b. the feedlot during the third week of June, up from the range $158-$162 during the second week of May. The market has been quite firm due to tighter supplies of market-ready cattle on both sides of the border. At the same time, the reopening of economies […] Read more
Beef demand is up, but high feed grain prices cut into feeder margins.
Cattleman’s Corner, Livestock, Markets

Consumer demand supports fed and feeder cattle markets

Market Update with Jerry Klassen: A one per cent increase in consumer spending equates to a one per cent increase in beef demand

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Alberta packers were buying fed cattle in the range of $152 to $153 FOB feedlot during the third week of April. Fed cattle prices were up $3 to $4 from 30 days earlier. The market appears to be factoring in tighter supplies in the latter half of the year, along with growing demand. October and […] Read more
While the U.S. beef cattle industry is still in retraction, the potential for increasing demand for beef is a sign for Canadian producers to keep producing.
Beef Cattle, Cattleman’s Corner, Markets

Should you expand the cow herd?

Market Update with Jerry Klassen: Canadian producers in a good position to sell more beef into a rising market

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I’ve received many inquiries from cow-calf producers regarding the outlook for the cattle herd over the next couple of years. Those of you who have read my articles in the past know that I advise Canadian cow-calf producers to expand when the U.S. cattle herd is contracting, and vice versa. It was one year ago […] Read more
The backlog of market-ready cattle should be cleaned up by late April.
Cattleman’s Corner, Livestock, Markets

Consumer beef demand will increase by late fall

Market Update with Jerry Klassen: Overall market fundamentals appear to be improving

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In mid-March, Alberta packers were buying fed cattle in the range of $148 to $149 FOB the feedlot, which was down $2 to $3 from the February average. The fed cattle market appears to be in a transition stage. Fed cattle and beef supplies will tighten in the last half of the year. Beef demand […] Read more
CME February 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle advance in bargain-buying bounce

CME lean hogs drop

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Chicago | Reuters — U.S. live cattle futures firmed for a second straight day on Thursday on bargain buying and speculative buying after prices hit 2-1/2 week lows earlier this week. Futures firmed despite lower cash cattle prices and tumbling beef prices as packer demand held stable and processing margins remained profitable. “With the early […] Read more

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