Reading Time: 2 minutes Compared to late December, western Canadian yearling prices were quoted $6-$8 higher on average; however, fancier, lower flesh packages in the 850- to 900-lb. category were $10-$12 higher. Calf markets were quite variable. Early in the week, calf prices were relatively unchanged but markets were up $3-$6 by Friday. Ontario buyers were extremely aggressive last […] Read more
Klassen: Feeder markets start 2022 with a roar
China, Philippines suspend beef imports from Canada on BSE case
Reading Time: < 1 minute Winnipeg | Reuters –– China and the Philippines have suspended imports of Canadian beef due to Canada’s detection in December of a cow infected with bovine spongiform encephalopathy (BSE), a spokesperson for Canada’s agriculture department said on Monday. The moves follow an import suspension by South Korea last month, after Canada reported its first BSE […] Read more
Klassen: Feeder market has positive factors
Reading Time: 2 minutes There were no feeder cattle sales last week due to the holiday season; however, this didn’t stop many cow-calf producers from inquiring about the market outlook for 2022. This past year was one for the record books. There is no doubt about it. Waves of COVID-19 caused beef demand to be quite volatile from month […] Read more
U.S. livestock: Live cattle futures drop on profit-taking; lean hogs fall
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday on profit-taking after a previous session rally resulted in several contracts hitting new highs, traders said. CME February live cattle settled down 0.750 cent at 139.975 cents per pound. Feeder cattle futures, which were supported by a slump in Chicago corn futures, […] Read more
U.S. livestock: CME livestock futures rise on supply concerns
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange livestock futures climbed on Wednesday, as cash cattle prices firmed on concerns around meat supplies to meet anticipated demand going into next year, traders said. Cattle futures ended higher, as beef carcass cutout prices continued to firm and cash cattle traded higher, traders said. Cash cattle traded at […] Read more
U.S. livestock: Cattle futures rise on expectations of beef demand; hogs ease
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures finished higher on Tuesday, as slaughter rates increased and carcass cutout values continued to firm, traders said. There is an expectation of beef prices continuing to firm and demand be strong going into the first quarter of 2022, said Doug Houghton, analyst with Brock Capital Management. […] Read more
Klassen: Feeder market closes year on firm tone
Reading Time: 2 minutes There were no major sales last week; however, a few auction barns held sales with a light run of feeder cattle along with bred cows and bred heifers. Compared to seven days earlier, western Canadian feeder cattle prices were relatively unchanged. Liquidation of the cow herd was the main feature on both sides of the […] Read more
Korea suspends Canadian beef imports after BSE case
No other countries yet considering suspensions, CFIA says
Reading Time: < 1 minute Winnipeg | Reuters — South Korea has suspended beef imports from Canada, which last week reported its first case of bovine spongiform encephalopathy (BSE) in six years, the Canadian Food Inspection Agency said Wednesday. South Korea, the fourth-largest beef importer in the world, is seeking more information about the case before lifting its suspension, the […] Read more
Klassen: Feeder market stabilizes after December surge
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle prices traded $3-$4 on either side of unchanged. Small groups of various quality characterized sale volumes. There were a few packages of backgrounded yearlings that sold at decent levels. Finishing feedlots were fairly aggressive on groups in the 700- to 800-lb. category. Higher flesh levels have become […] Read more
‘Atypical’ BSE shows up in Alberta cow
Spontaneous case won't affect Canada's 'negligible risk' status, CFIA says
Reading Time: 3 minutes Updated –– Canada’s first case of BSE since the country achieved “negligible risk” status for the brain-wasting cattle disease isn’t expected to affect trade in Canadian beef. The Canadian Food Inspection Agency said Friday it has notified the World Organization for Animal Health (OIE) of a case of “atypical” bovine spongiform encephalopathy (BSE) in an […] Read more
A message from April Stewart, Country Guide's Associate Editor
