Photo: Canadian Cattlemen file

Auction marts face changing industry

As the national cow herd shrinks, demographics shift and technology disrupts marketing, auction marts are figuring out how to adapt

As the national cow herd shrinks, demographics shift and technology disrupts marketing, auction marts are figuring out how to adapt

Western tradition is on display at the auction mart conference in Olds, Alta. People in cowboy hats and boots fill the conference room at the hotel. And the residents of Olds are very familiar with Western culture — even some of the town’s “welcome” signs depict bull riding. But as important as those traditions are, […] Read more


(Geralyn Wichers photo)

Klassen: Feedlots aggressively secure ownership

StatCan cattle inventory report due out soon

Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more

(RBAuction.com)

Ritchie Bros. raises cash payout in bid for IAA

Activist investor Starboard Value buys into Ritchie

Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Lethbridge demand drives up yearling market

Western Canadian feeder cattle markets traded $5-$8 above week-ago levels. The first major yearling sales occurred in southern Alberta, which appeared to kick-start the buying momentum. Alberta fed cattle prices and wholesale beef values were under pressure; however, feedlot operators were extremely tenacious. Buyers capriciously worked orders throughout the week and by the Friday, quality […] Read more