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Tag Archives beef production

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
CME October 2019 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
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
(Photo courtesy Canada Beef Inc.)
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
CME August 2019 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)
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
Coming up with a vision for the Canadian beef industry, ahead — keep it focused and simple.
Cattleman’s Corner, Livestock

A vision of what the beef industry needs: Part 3

It’s a big economic driver that needs smart, progressive leadership

By
Editor’s Note: This is Part 3 of a three-part series by Alberta rancher and consultant Sean McGrath with some thoughts on actions to benefit the Canadian beef industry. After a few more thoughts on where the industry is at today, McGrath takes a stab at what he thinks a vision statement might contain and welcomes […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

Klassen: Feeder market experiences softer demand

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Compared to last week, western Canadian feeder cattle sold $4-$6 lower on average. Feedlot operators backed away from the markets due to stronger feed grain prices and weakness south of the border. Certain regions of the U.S. Midwest and southern Plains have experienced adverse weather, which caused U.S. feeder cattle prices to experience a week-over-week […] Read more

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