Reading Time: 2 minutes Western Canadian feeder cattle prices traded $3-$5 above week-ago levels with higher-quality cattle as much as $8 higher. Once again, stronger fed cattle prices and healthy feedlot margins were the main factors driving the market, especially in the heavier weight categories. Feedlots have liquidated a larger amount of fed cattle over the few weeks and […] Read more
Klassen: Feeder cattle continue upward trend
U.S. Catholics allowed corned beef on Paddy’s Friday
Reading Time: 2 minutes Chicago | Reuters — In recent weeks, the U.S. meat industry has found itself wrestling with a culinary conundrum: Would American Roman Catholics be able to eat corned beef this St. Patrick’s Day? Traditionally in the U.S., the Feast of St. Patrick — a celebration of Irish culture, and renowned for all things green — […] Read more
Klassen: Feeder cattle jump on healthy margin structure
Reading Time: 2 minutes Western Canadian feeder cattle jumped $3-$5 on average last week, with 800-plus-lb. yearlings trading as much as $8 higher. Historically high finishing margins finally resonated with feedlot operators and a precarious attitude from recent weeks was thrown by the wayside. Order buyers were inundated with interest as bids were relatively firm across the Prairies. Adverse […] Read more
U.S. Plains wildfires leave thousands of cattle dead
Reading Time: 2 minutes Austin | Reuters — Fast-moving wildfires that burned through nearly two million acres of Texas, Oklahoma and Kansas this week have devastated ranches and left thousands of cattle and other livestock dead, officials said Thursday. Many of the grass fires grew rapidly on Monday due to dry weather and parched prairie land in the Texas […] Read more
Klassen: Seasonal strong beef demand supports feeder market
Reading Time: 2 minutes Wholesale beef values have experienced a significant rally over the past couple of weeks, which has spilled over into the fed cattle trade. Alberta packers were buying fed cattle at $274 on a dressed basis, up $2-$4 from week-ago levels. Despite the strength in the fed cattle and healthy margin structure, Western Canadian feeder cattle […] Read more
Klassen: Healthy margins drive feeder complex
Reading Time: 2 minutes Western Canadian feeder cattle markets traded steady to $5 higher compared to week-ago levels. Buyers were quite meticulous on flesh levels and quality features in the heavier weight categories; however, feedlot operators were definitely more aggressive this week. Major operations have liquidated a fair amount of fed cattle and these players are anxious to reload […] Read more
Health Canada clears ground beef irradiation
Reading Time: 4 minutes Fresh and frozen ground beef treated with irradiation can now be sold in Canada, the federal health department announced Wednesday. Health Canada has published regulations in the Canada Gazette which add fresh and frozen ground beef to the short list of irradiated foods, such as potatoes, onions, spices and flour, that are permitted for sale, […] Read more
Klassen: Feeder cattle drop on cautious feedlot demand
Reading Time: 2 minutes Western Canadian feeder cattle markets traded $3 to as much as $8 below week-ago levels as feedlot managers anticipate growing beef supplies during the late spring and summer. Heavier weight categories absorbed the brunt of the selling pressure, with backgrounding operators liquidating fall-placed calves. Certain groups of higher-quality heifers held value with the purpose of […] Read more
Klassen: Tenacious feeder market softens on supply forecasts
Reading Time: 2 minutes Western Canadian feeder cattle prices traded steady to as much as $5 lower over the past week. Early in the week, buyers incorporated a risk discount due to the extremely cold temperatures, especially in the Eastern prairie regions. By Thursday, markets were factoring in the larger beef supply forecasts from the U.S. Department of Agriculture, […] Read more
Ontario backs feed processing at Cargill beef plant
Reading Time: 2 minutes Ontario’s provincial government plans to put up over half a million dollars for Cargill to process byproducts from its Guelph beef plant for feed. Provincial Agriculture Minister Jeff Leal on Wednesday announced a $582,000 investment toward Cargill’s installation of a “value-added” processing system converting raw byproduct into a “protein-rich animal feed ingredient.” The “leading-edge technological […] Read more
A message from April Stewart, Country Guide's Associate Editor
