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Tag Archives beef production

Cattleman’s Corner, Livestock, Markets

Cattle market in a transition stage

Market Update with Jerry Klassen: It may take a coronavirus vaccine before beef demand improves

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During the last half of October, Alberta packers were buying fed cattle on a live basis in the range of $134 to $136 f.o.b. the feedlot, which is relatively unchanged from the average price levels in September. At the same time, fed cattle in the U.S. Southern Plains were selling at US$108, up about US$6 […] Read more
Beef demand is slowly improving as Canadian and U.S. economies recuperate from the COVID-19 spring shutdown.
Cattleman’s Corner, Livestock, Markets

Favourable beef market over the long term

Market Update with Jerry Klassen: Poor calf prices this October, fed prices will improve later in 2021

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First a look at the calf market The calf market will likely remain flat through this October and November. After December, calves that come on the market generally have the option to be placed on grass next spring or moved to a finishing lot. The calf market during the spring of 2021 is expected to […] Read more
Finishers, Livestock, Markets

Klassen: Feeder cattle market remains volatile

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Western Canadian yearling markets appeared to stabilize after coming under pressure earlier in the month. Compared to last week, yearling prices were unchanged to $4 higher on average while calf markets traded $2-$3 on either side of unchanged. Major feedlots were more aggressive for 800-plus-lb. cattle as feed grain prices continue to grind lower. Favourable […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market shrugs off feed grain rally

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Compared to last week, western Canadian feeder cattle prices were $2-$5 higher on average. Noted strength was in the 700-plus-lb. categories, which spilt over into the lighter calves. Quality groups of yearlings were limited and the scarcity fear factor had a grip on the market. The U.S. Department of Agriculture lowered its fourth-quarter beef production […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures sag under pressure from big supplies

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Chicago | Reuters — U.S. livestock futures weakened on Wednesday under pressure from large numbers of cattle and hogs and uncertainty over demand, traders said. Declines in the markets reflected expectations that meat supplies will remain plentiful, after farmers expanded their herds. Beef production in the third quarter of 2019 is expected to top seven […] Read more
Sean McGrath has some more thoughts on what might benefit the Canadian beef industry.
Cattleman’s Corner, Livestock

A vision of what the beef industry needs: Part 2

Canadian beef industry needs to think big to optimize its potential

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Editor’s Note: This is part two of a three-part series by Alberta rancher and consultant Sean McGrath with some thoughts on actions to improve the Canadian beef industry. In Part 1, McGrath outlined the value of developing a vision statement for his own farm. Here are more thoughts on what he might include in a […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 22, 2021.

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