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Beef Cattle, Markets

Good beef demand in 2019 supports fed cattle prices

The Markets with Deb McMillin, from the January 2020 issue of Canadian Cattlemen

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Fed Cattle Demand has been key in 2019. Good beef demand in both Canada and the U.S. has supported fed cattle prices throughout the year. Fed prices rallied again in November and early December in Western Canada. Support coming from tighter front-end supply and growing holiday demand led to a 13 per cent increase in […] Read more
Beef Cattle, Markets

Fed cattle prices seen higher on sustained demand

The Markets with Deb McMillin, from the December 2019 issue of Canadian Cattlemen

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Fed cattle The last two weeks have seen fed cattle prices pushed higher by continued demand, the re-opened border, higher cut-out values and reduced supplies. Seasonally, fed prices are responding to demand for middle meats as buyers look towards their holiday needs in the coming month. At the same time, China announced that it has […] Read more
Feeder placement has been slower though the fall run of 2019 than in recent years.
Beef Cattle, Markets

Domestic, export demand supporting fed cattle prices

The Markets with Deb McMillin, from the November 2019 issue of Canadian Cattlemen

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Fed cattle The western Canadian cash bids have seen week-over-week increases since mid-September. At mid-October, fed prices were nearing $144/cwt. This is $7.57/cwt higher than the low set in August but still $6.38/cwt below the average price the same week last year. Although carcass weights are 10 lbs. heavier than a year ago — at […] Read more
Beef Cattle, Markets

Fed cattle market wrestles with low prices

The Markets with Deb McMillin, from the October 2019 issue of Canadian Cattlemen

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Fed cattle The fed cattle market has struggled in September as it looks to make its annual low. A combination of seasonal factors and the reduced kill capacity following the Tyson fire in the U.S. have contributed to lowered prices. The fed cash price has moved below break-even levels, with an average the last week […] Read more
U.S. feeder cattle prices have been under pressure the last few weeks.
Beef Cattle, Markets

Pressure ahead for fed-cattle markets

The Markets with Deb McMillin, from the September 30, 2019 issue of Canadian Cattlemen

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Fed cattle Seasonal pressure coupled with leverage loss partly due to the U.S. packing plant fire resulted in smaller weekly kill capacity. Locally, demand is softer following the September long weekend, which is generally the case. In addition, front-end supply is building and packer lift times have lengthened. Over the past five weeks, the fed […] Read more
Feeder cattle volumes are picking up and basis is seasonally strong heading into the fall run.
Beef Cattle, Markets

McMillin: Cattle on feed in Alberta, Sask., higher than year ago levels

The Markets with Deb McMillin, from the September 2019 issue of Canadian Cattlemen

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Fed cattle To mid-August, Canadian fed cattle traded mostly steady, at an average on both sides of $146/cwt since the middle of July. The average steer the second week in August averaged $146.25/cwt which is $3.49/cwt higher than the same week in 2018. The third week of August didn’t see enough trade to establish a […] Read more
In the near term, calf prices on light volumes should remain steady.
Beef Cattle, Markets

McMillin: Domestic, global beef demand strong

The Markets with Deb McMillin, from the August 2019 issue of Canadian Cattlemen

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Fed cattle It’s uncommon to see fed cattle prices pick up through the month of July. However, this has been the case in the last two weeks in Alberta. Beef demand both domestically and globally has been strong and sellers continue to be current in their front-end supply, which has created some leverage. The mid-July […] Read more
Feeder cattle futures moved sharply lower at the start of May.
Beef Cattle, Markets

McMillin: Cattle prices see sharp decline

The Markets with Deb McMillin, from the June 2019 issue of Canadian Cattlemen

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Fed cattle Fed cattle prices have seen a sharp price decline over the past couple of weeks. Current fed steer prices are averaging $150.88/cwt, which is a decrease of $11.55/cwt over the past three weeks. Pressure in May is typical following the spring high in the fed market. While barbecue season is just getting started, […] Read more
Markets

The Markets

Market Summary with Debbie McMillin

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Fed Cattle Although the fed market typically moves lower from spring into summer the tight supplies and good demand for beef have created a very strong move against the normal trend. The cash market continues to set new records. The last week of June saw Alberta fed cattle average $155.64/cwts over $36 higher than the […] Read more
Markets

The Markets

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Fed Cattle The fed-cattle cash market held near steady at record levels during the past four weeks. The current average fed-steer price in Alberta was $145.65/cwt, $31.79/cwt higher than the same week in 2013. Feedlots are up to date with their marketings, steer carcass weights are more than 30 pounds below year-ago levels and demand […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 17, 2020.

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