
Beef Cattle

Klassen: Calf prices ratcheting higher
Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; mid-weight calves were also unchanged while lighter calves traded steady to as much as $6 higher. Alberta and Saskatchewan have experienced adverse weather over the past couple of weeks; however, feedlots in southern Alberta appeared to be more aggressive for […] Read more

Newfoundland beef producers backed to develop abattoirs
Three proposals get six figures each; breeding cows also provided
A provincial call for proposals to boost beef slaughter capacity in Newfoundland and Labrador has yielded three successful applicants. The provincial government on Nov. 5 announced its Beef Industry Enhancement Initiative will provide just over $1.8 million in total to its three successful proposals: $719,750 for Troy Humber of Northern Arm, about 40 km northeast […] Read more

Klassen: Feeder market experiencing bottoming behaviour
Compared to last week, western Canadian yearling prices were down $4-$6 on average; however, mid-weight and lighter calves traded $4 lower to as much as $8 higher. The market was extremely variable for calves. Early in the week, prices in the Lethbridge area were actually $10 above values from seven days earlier but this faded […] Read more

Barbados aiming for self-sufficiency in food production
As the Caribbean island gears up its food production, the beef industry will be a key part of feeding the nation’s people
Barbados’s Agrofest is much like a rural Canadian fall fair. But at this three-day event, the country’s prime minister attends the first day. The country is working towards self-sufficiency in food production and Mia Amor Mottley, Barbados’s first woman prime minister, is a driving force behind that idea. Barbados, a Caribbean island 13 degrees north […] Read more

Klassen: Feeder market remains under pressure
Pre-election commodity trading in 'risk-off' mode
Compared to last week, western Canadian feeder cattle markets traded $2-$5 lower on average; calves under 650 lbs. appeared to trade $3-$8 lower with significant pressure on the weight category between 550 and 650 lbs. Moderate demand surfaced on quality yearlings but major operations appeared to back away from the cattle in the heavier weight […] Read more

JBS to seek damages from founders
Brazil shareholder vote a win for Brazil's BNDES
Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more

Klassen: Feeder market grinds lower
'Is there no grain in this country?'
Compared to last week, prices for western Canadian yearlings weighing over 900 lbs. were down $4-$8 on average; yearlings weighing between 800-900 lbs. were down $2-$4; calves under 800 lbs. were down $8-$12, with the exception of Manitoba, where lighter calves traded $3-$5 below week-ago levels. Feedlot operators are asking, is there no grain in […] Read more

McMillin: Cattle-on-feed numbers above year-ago levels
The Markets with Deb McMillin, from the October 2020 issue of Canadian Cattlemen
Fed cattle Fed cattle prices held mostly steady in September, with a sideways trading range of $133/cwt to $134/cwt. The week ending September 25 saw fed cattle prices average $134.01/cwt; however, cattle were purchased with a longer pickup time and buyers were less aggressive, leaving the market slightly softer as September ended. Increased carcass weights […] Read more

Klassen: Weather, COVID, feed grains pressure feeder market
Compared to last week, western Canadian yearling prices were $2-$4 lower on average; calves traded $2 to as much as $6 below week-ago levels. Southern Alberta received its first snowfall of the season last week, which hindered demand for fresh replacements. Feedlots always incorporate a risk discount when the first snowfall of the year materializes, […] Read more

Manitoba cattle sector gets COVID-19 AgriRecovery
Program to help offset costs from 'extraordinary feed period'
Manitoba cattle producers whose usual markets for finished cattle were temporarily out of reach this spring and summer may now be able to offset some of the resulting extra feed bills. Federal Agriculture Minister Marie-Claude Bibeau and her Manitoba counterpart, Blaine Pedersen, on Thursday announced the 2020 Canada-Manitoba Finished Cattle Feed Assistance Program, an AgriRecovery […] Read more