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Additional details will be shared with Manitoba producers as programs are developed and become available.
Livestock, News

Manitoba pledges $62 million for AgriRecovery

Drought situation has been ‘extremely stressful and challenging’ for cattle producers, says MBP president

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The Manitoba government will invest $62 million in programs for drought-stricken farmers under the AgriRecovery framework ag minister Ralph Eichler announced Aug. 10. “Without additional investment, producers are in the very difficult position of having to consider reducing their herds or leaving the industry altogether,” said Eichler in a news release. “Our government is making […] Read more
calf on pasture
Beef Cattle, Livestock, Markets

Klassen: Yearlings hold value while calves remain under pressure

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Compared to last week, Western Canadian yearling prices were relatively unchanged while calves were once again $2 to $4 lower. Featherlight bawlers were down $4 to as much as $8 from week-ago levels. The tight feed grain supply situation continues to set the price structure for feeder cattle. Yearlings straight off grass held a slight […] Read more
Cows in a holding pen
Beef Cattle, Markets, News

Deteriorating pastures, feed concerns sees early push of cattle to market

The Markets with Deb McMillin, from the August 2021 issue of Canadian Cattlemen

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Fed cattle The Alberta fed cattle market moved seasonally lower through July. Lower cut-out values and increasing front-end supply pushed the fed steer average in Alberta to $152.19/cwt on July 16, down $12.53/cwt from five weeks earlier. Looking at a five-year average, the July 2021 average is $9/cwt higher.  While basis levels in Alberta have […] Read more
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures gain

Medium-, long-term supplies tighten

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Chicago | Reuters — CME feeder cattle futures firmed on Friday, bolstered by lower corn and wheat markets that may translate into eased feed costs, traders said. CME live cattle also gained and are expected to firm next week as the trade digests the U.S. Department of Agriculture’s monthly cattle on feed report released after […] Read more
CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, purple and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle up on export demand

CME lean hog futures mixed

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Chicago | Reuters — CME cattle futures firmed on Thursday, supported by strong export demand for U.S. supplies, traders said. Hog futures were narrowly mixed, with the nearby contract firm on good weekly exports while deferreds eased on technical selling. CME August lean hog futures gained 0.075 cents to 106.65 cents/lb., while most-active October dipped […] Read more
(Valerie Loiseleux/iStock/Getty Images)
Beef Cattle, Forages, Livestock, Weather

‘Time is ticking’ on drought response for beef cattle sector

'We need answers like yesterday'

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As Canada’s beef farmers and ranchers face drought, industry leaders are trying to find ways to secure feed and help those forced to sell rebuild their herds. B.C. ranchers are dealing with high temperatures that have “parched the grass that was there,” Kevin Boone, general manager of B.C. Cattlemen’s Association, said during a Canadian Cattlemen’s […] Read more
CME October lean hogs (candlesticks) with 20-day moving average (pink line), CME lean hog index (black line), CME August 2021 lean hogs (brown O/H/L/C) and CME October 2021 live cattle (dark red line). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs firm on strong pork demand

October live cattle follow beef prices lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained on Tuesday on short-covering and continued firmness in the wholesale pork market, traders said. “August seems like its anchored by what’s going on in the cutout,” said Altin Kalo, economist at Steiner Consulting Group. “They’ve been surprised by the strength in the pork cutout.” […] Read more

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