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TMX Group, shown here closing the TSX for the day at a Calgary Stampede event in 2012, has announced plans for AgriClear, a new online sales platform for cattle marketing. (CNW Group/TMX)
Beef Cattle, Livestock, Markets, Reuters

TMX turning to cattle sales

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Reading Time: 2 minutes Reuters — TMX Group, operator of Canada’s TSX stock exchange, hopes to rope a piece of the $90 billion North America cattle sector, and said Tuesday it would offer the continent’s first online sales platform of its kind. The expansion into a new business comes weeks after the TMX completed a six-month operations review, which […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME live cattle rally on discount to cash prices

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Monday and erased Friday’s losses, supported by short-covering and futures’ discounts to last week’s cash prices, traders said. June closed 0.825 cent per pound higher at 153.15 cents, and August rose 0.875 cent to 152.15 cents (all figures US$). “They (traders) can’t fight […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feeder cattle prices remain firm

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Reading Time: 2 minutes Western Canadian feeder cattle prices were steady to $2 higher on average with limited sales occurring this past week. The Livestock Markets Association of Canada held its annual convention in Winnipeg on the weekend, so many sales barns were quiet. The market at this time of year is characterized by small packages of various quality, […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Strong beef prices spill over into feeder market

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Reading Time: 2 minutes U.S. wholesale beef prices surged higher this past week as stronger retail and restaurant demand absorbed the larger beef stocks in storage. Alberta packers’ average purchase price was $202.50 and with pen break-even closeout prices near $188, the healthy margin structure renewed buying confidence in the feeder market. All weight categories experienced a stronger tone, […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Cattle prices seen as strong for year to come

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Reading Time: 2 minutes CNS Canada –– Canada’s cattle industry should continue to see high prices for animals at auctions over the next year or so while operators try to rebuild their herds, industry participants predict. “Typical risks for cattle prices are the Canadian dollar and feed costs for cow-calf producers and feeders,” said Brian Perillat, a manager and […] Read more
(Canada Beef Inc. photo)
Beef Cattle, Livestock, Markets

Klassen: Feeder market’s upward momentum eases

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Reading Time: 2 minutes Western Canadian cattle prices were extremely volatile this past week, trading $2 higher to as much as $5 lower in comparison to seven days earlier. The feeder cattle market appeared to stall out at the higher levels, with most auction barns experiencing smaller volumes. Spring-like temperatures and seeding preparation kept the small cattle farmer/producer at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets, Reuters

Klassen: Expansionary activity drives feeder market higher

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Reading Time: 2 minutes I know this may sound redundant, but western Canadian feeder cattle traded $2 to $5 higher last week and in some cases as much as $10 above week-ago levels. Strong gains were noted across the Prairies on all weight categories. Feather-light steer calves under 500 pounds touched the magical $400 level in eastern regions; 700-lb. […] Read more

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