The fundamentals still look strong for cattle prices, despite recent hiccups in the futures market, says a market analyst, but for those buying stockers, a little risk management can go a long way.
Tag Archives price insurance
Bovine flu a reminder of risk management in markets
While recent price drops have limited options, cow-calf producers can still lock in a profit, says market analyst
CCA reports: Honouring Reg Schellenberg’s legacy
From the January 2023 issue of Canadian Cattlemen: Also, Indo-Pacific Strategy good news for Canadian beef sector
Last year ended on a very difficult note. The Canadian cattle community lost a tremendous leader, mentor and friend, with the sudden passing of Reg Schellenberg, president of the Canadian Cattle Association (CCA). Reg’s leadership and passion for our industry will be missed around the board table and at industry meetings and events. He cared […] Read more
Saskatchewan extends WLPIP premium rebate if needed
Rebate to offset premium prices, if above pre-COVID levels
Saskatchewan’s temporary subsidy against price jumps in premiums for the Western Livestock Price Insurance Program (WLPIP) will continue when needed to the end of 2020. Saskatchewan Crop Insurance Corp. (SCIC), which administers the program in that province, announced Tuesday the WLPIP premium rebate is extended to Dec. 31, from its previous end date of Sept. […] Read more
Federal ag supports ‘too little, too late’ for mushroom growers
Timing of programs for TFWs, surplus food purchases leaves aid out of reach: CMGA
Ottawa — Members of Parliament sitting on the committee dealing with agricultural issues continue to hear concerns over the federal government’s response to COVID-19. During the Commons standing committee on agriculture and agri-food’s online meeting Wednesday, representatives of the Canadian Mushrooms Growers’ Association raised “grave concerns” over the support CMGA members have received. CEO Ryan […] Read more
WLPIP calf price insurance deadline extended
Three-week extension includes nine purchasing days
Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
Saskatchewan to adjust WLPIP premiums for producers
Province also opts in to fund AgriRecovery set-aside plan
The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced […] Read more
Cattle producers press for lower price insurance premiums
WLPIP is needed, but unused because premiums too expensive, CCA says
The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall […] Read more
Feeder cattle outlook
Market Talk with Jerry Klassen
It’s that time of year when I receive many inquiries from cow-calf producers and feedlot operators regarding the price outlook for feeder cattle. Throughout March, yearling prices were under pressure while calves and cattle fit for grass were rather firm. The feeder cattle market appears to be sending mixed signals. Feedlot margins have been rather […] Read more
Understanding the forward curve in the futures market
Market Talk with Jerry Klassen
I’ve received many calls from backgrounding operators and feedlot managers in regard to the feeder cattle market. Prices have strengthened throughout the fall period and it now appears that potential margins will be quite snug for all weight categories. The futures market for live and feeder cattle is reflecting two distinct price structures. Discerning the […] Read more
Cattle price insurance premiums reflect risk
News Roundup from the March 2016 issue of Canadian Cattlemen
If you haven’t bought price insurance on your calves through the Western Livestock Price Insurance Program (WLPIP) yet you’ll find the premiums a little higher than last year. That’s to be expected given the volatility in today’s market, says Bruce Viney, a risk management specialist with Alberta Agriculture and Forestry. “Volatility is simply a statistical […] Read more
Canadian Cattlemen Presents: Depth of Field
