Compared to last week, yearling prices for western Canadian were down $2-$5 on average with the exception of southern Alberta where prices were relatively unchanged. Major feedlots in the Lethbridge area focused on local cattle which contributed to the firmer tone. Outside of Feedlot Alley, weakness in the deferred live cattle futures had buyers on […] Read more
Klassen: Yearling markets mixed
Lethbridge scientist named outstanding cattle researcher
Karen Beauchemin is a leading global authority on ruminant nutrition
Reading Time: 2 minutes A leader in ruminant nutrition and environmental sustainability of beef production has been awarded the 2020 Canadian Beef Industry Award for Outstanding Research and Innovation. Karen Beauchemin is a principal research scientist of ruminant nutrition at Agriculture and Agri-Food Canada’s Lethbridge station as well as an adjunct professor at the universities of Alberta, Saskatchewan, and […] Read more
Saskatchewan extends WLPIP premium rebate if needed
Rebate to offset premium prices, if above pre-COVID levels
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
Beef 911: The goal should always be to produce the healthiest cattle
We need to ditch the notion that high-risk cattle are somehow the most profitable
Reading Time: 3 minutes I’ve heard it said on the feeder side that high-risk cattle are the most profitable. The argument is that when you run the numbers and take into account morbidity, mortality and all other costs, these cattle have the potential to make the most profit at the end of the day. Of course the big factor […] Read more
Klassen: Yearling market remains red hot
Barley harvest well underway in southern Alberta
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
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
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
JBS to resume U.S. share listing plan after COVID-19 fallout
Management looking also for US$100 million in cost cuts
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
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
Alberta Beef Producers prepares for delegate elections
Reading Time: < 1 minute Nominations are being accepted for Alberta Beef Producers’ 2020 delegate elections. The number of zones has been reduced to five (from nine previously) with seven delegates to be elected in each. Four will serve two-year terms, and three will serve one year so there will be staggered elections in the future. Individuals standing for election […] Read more
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