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Tag Archives fed cattle

(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Yearling prices stay sluggish, calves hold value

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Compared to last week, western Canadian yearling prices were steady to $4 lower; calves and grass cattle were relatively unchanged. Early in the week, the mood was quite depressing; yearlings were under pressure with feedlot buyers on the sidelines. By Friday, the market appeared to be well established. Backgrounding operators have been active sellers over […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Uncertainty defines feeder market

'Hope' factor remains supportive

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Compared to last week, western Canadian yearling prices were down $3-`$5 on average while calves were unchanged to down $2. Sales were characterized by low volumes and limited buying interest. Feedlot operators are hesitant to step forward in the current environment, with packing plants on both sides of the border reducing capacity. At the same […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Finishers, Livestock, Markets

Beef cattle producers seek new set-aside plan

Cattle groups, Tories call for revival of BSE-era program

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Canada’s beef cattle producer groups and federal Conservatives want to see the revival of a BSE-era program to hold cattle back against the risk of further lost options for slaughter. The Canadian Cattlemen’s Association on Monday hearkened back to its March 24 list of recommendations to the federal government for support measures against the impacts […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Weaker fed cattle prices weigh on feeder market

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It appears finishing feedlots and cattle buyers are coming to terms with the fact that the COVID-19 pandemic may last longer than earlier anticipated. The “hope” factor that this environment will be short-lived has evaporated. Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $10 lower, with yearlings absorbing […] Read more
(MartineDoucet/E+/Getty Images)
Beef Cattle, Dairy Cattle, Livestock, Markets

Beef Farmers of Ontario ask for curb on cull sales

BFO concerned over processing 'backlogs'

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Updated, April 15 — Ontario’s cattle producer organization is asking members to consider delaying sales of cull cows until market conditions “normalize.” Beef Farmers of Ontario’s board on Thursday published a memo to beef and dairy cattle producers, asking them to help “prevent a further surge in cull cows in the market” — especially of […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market lacks buying interest

Market gives in to pressure from Chicago futures

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Compared to last week, western Canadian feeder cattle markets traded $5-$8 lower on average, with yearlings dropping as much as $10-$12 in certain areas. It appears buyers are incorporating a risk discount due to uncertainty in beef demand longer-term. Rising unemployment levels, sluggish consumer confidence and a sharp drop in disposable income are all factors […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

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Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more

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