Reading Time: 2 minutes 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
Saskatchewan extends WLPIP premium rebate if needed
Rebate to offset premium prices, if above pre-COVID levels
Klassen: Yearling market remains red hot
Barley harvest well underway in southern Alberta
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $2-$4 higher on average; however, in southern Alberta, yearlings traded $6-$8 above week-ago levels. A few auction barns in Alberta held their first feature sales of the fall run and buyers showed up with both hands. The quality of yearlings coming off grass is excellent and […] Read more
Klassen: Yearling prices on fire
Canada's cattle herd remains in contraction stage
Reading Time: 2 minutes Compared to last week, yearlings coming off grass traded $3-$5 higher; backgrounded yearlings were $1-$3 higher on average while calf markets were relatively unchanged. February and April live cattle futures closed marginally lower for the week; however, fed cattle basis levels from U.S. packers are very strong for winter and spring. This appears to be […] Read more
Klassen: Yearling demand remains firm
Reading Time: 2 minutes Compared to last week, western Canadian yearlings fresh off grass traded steady to $2 higher; backgrounded yearlings were relatively unchanged. The calf market was too thin to quote. Major feedlot operators set the price structure and were once again very aggressive. While many feedlots are backed up with market-ready supplies of fed cattle, some feedlots […] Read more
The challenge for Canadian beef
Battling through hard times in the beef industry
Reading Time: 5 minutes The 2020 pandemic has caused major disruptions in the Canadian beef industry, but with demand for their products remaining steady, producers are hopeful their businesses will survive through to the new year. “A lot of producers are in a pretty tough situation,” says Chad Ross, president of the Saskatchewan Cattle Feeders Association and owner of […] Read more
JBS to resume U.S. share listing plan after COVID-19 fallout
Management looking also for US$100 million in cost cuts
Reading Time: < 1 minute Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus […] Read more
McDonald’s resuming all-Canadian beef supply
'Supply adjustment' ends next month, company says
Reading Time: 2 minutes Updated, Aug. 18 — McDonald’s Canada’s pandemic-related “supply adjustment,” in which the burger chain cut its Canadian beef purchases to below 100 per cent, is set to end next month. The Canadian arm of the U.S. fast food giant announced Thursday it will resume its pre-pandemic policy of sourcing 100 per cent Canadian beef, starting […] Read more
Bovine TB probe wraps with no exact point of entry found
'More stringent' tests now being run on U.S. rodeo cattle imports
Reading Time: 3 minutes Federal inspectors have formally closed the book on a 2018 outbreak of bovine tuberculosis (TB) in a British Columbia cattle herd, but with “no definitive source of infection” found. The probe dates back to October that year, when a beef cow of an unknown age, from a cow-calf operation in B.C.’s southern Interior, was culled, […] Read more
Klassen: Weaker feed grains drive feeder market higher
Reading Time: 2 minutes Compared to last week, western Canadian yearlings traded $2-$4 higher. This was the first week of the fall yearling run with larger groups of quality packages and there was no shortage of buying enthusiasm. Heavier yearlings were readily trading at 52-week highs. Feed barley prices collapsed in southern Alberta as the harvest started in the […] Read more
Klassen: Strong demand underpins yearlings
Reading Time: 2 minutes Compared to last week, yearlings traded steady to $4 higher on average; calves traded $2-$4 lower, although light volumes made the market hard to define. All eyes were on feeder cattle futures, which closed up nearly $4 for the week. This set the direction in Western Canada. Auction barns in Manitoba and Saskatchewan remain in […] Read more
A message from April Stewart, Country Guide's Associate Editor
