GFM Network News

beef packing plant

Strong demand pushing up basis

Reading Time: < 1 minute Strong packer demand in Western Canada has pushed Alberta cash prices for slaughter steers higher than the Nebraska cash price. “Our beef cow herd numbers have been flat compared to the expansion of the U.S. beef cow herd,” said provincial livestock market analyst Jason Wood. “This has been a big driver to keep more cattle […] Read more

(Photo courtesy Canada Beef Inc.)

Major Alberta cattle feeder set to shut feedlots

Reuters — One of Canada’s biggest cattle feeding operations, Western Feedlots, said Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult for ranchers to find markets […] Read more