Reading Time: 2 minutes Mexico will resume “fully normalized” trade in beef products with Canada starting Oct. 1, accepting imports of Canadian beef from cattle over 30 months old (OTMs). The Canadian Cattlemen’s Association and Canadian Meat Council announced the move in separate releases Tuesday, following a joint statement by Mexican President Enrique Pena Nieto and Prime Minister Justin […] Read more
Mexico to accept OTM Canadian beef this fall
Klassen: Large beef supplies weigh on feeder market
Reading Time: 2 minutes Western Canadian feeder cattle prices experienced a week-over-week decline of $8-$12 on average while isolated sales dropped nearly $20. The sharp fall in the fed cattle market was the main reason for the deteriorating buying interest. Just when feedlots thought the worst was over, the market gave them another dose of reality. The retail market […] Read more
Breeding cattle get market access to Turkey
Reading Time: < 1 minute Exporters of Canadian breeding cattle expect to see another $4.5 million per year in business from a new agreement for market access to Turkey, according to the federal government. Canada’s Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced an agreement with Turkey on export certificates for Canadian breeding cattle effective “immediately.” […] Read more
Big U.S. cattle placements in May point to more meat in Q3
Reading Time: 2 minutes Chicago | Reuters — Cattle placed in U.S. feedlots for fattening surged by 10 per cent in May, the U.S. Department of Agriculture said on Friday in data that suggested beef supplies will be ample and prices potentially lower in the third quarter of 2016. However, analysts polled by Reuters predicted the spike in placements. […] Read more
Earls locks in Canadian beef supplies
Reading Time: 3 minutes Vancouver-based dining chain Earls has enlisted a handful of Canadian ranchers and processors to supply beef to about half its stores while matching its criteria for animal care and “ethical farming practices.” The move comes about six weeks after Earls retreated from a plan to source its beef from Creekstone Farms, choosing the Kansas company […] Read more
Klassen: Feeder market enters summer doldrums
Reading Time: 2 minutes Western Canadian feeder cattle markets experienced a softer tone over the past week as many auction barns are in summer holiday mode. Weakness in live and feeder cattle futures set a negative tone and by Friday, Alberta packers had dropped bids by nearly $12 on a dressed basis. Feedlot operators were once again on the […] Read more
Klassen: Feeder cattle market holds value
Reading Time: 2 minutes Western Canadian feeder cattle prices were steady to $5 higher over the past week on limited volumes. Stragglers from backgrounding operations and late-blooming calves set a reserved tone amongst buyers with large price variations at different regions of the Prairies. Feedlot margins are hovering around breakeven and there appears to be solid demand underneath the […] Read more
Klassen: Feeder cattle market well supported
Reading Time: 2 minutes Western Canadian feeder cattle prices were generally steady with week-ago levels as volumes continue to decline into the summer months. The quality of cattle coming on the market this time of year is quite variable. Background operations are liquidating their final volumes and feeders over 800 lbs. set the market structure. Larger-frame mixed steers averaging […] Read more
Madisons chain going Certified Humane for beef
Reading Time: 2 minutes A Quebec steakhouse chain aims to carve out a new space in the restaurant market by being Quebec’s first dining chain to source beef from the Certified Humane program. Madisons NY Grill and Bar, a brand of Montreal restaurant and fast-food firm MTY Group, announced Thursday it has signed a deal with Canadian meat supply […] Read more
Klassen: Feeder cattle market remains vulnerable
Reading Time: 2 minutes After a firmer tone the last two weeks, feeder cattle values felt sluggish across the Prairies. Western Canadian prices were quoted from unchanged to $5 lower; smaller sales with variable quality saw prices fall as much as $10 below week-ago levels. Feedlot operators were taken aback by the sharp decline in the live cattle futures […] Read more
A message from April Stewart, Country Guide's Associate Editor
