The beef industry has lost one of its most influential industry builders and analysts, as Charlie Gracey succumbed to a heart attack in late May.
Beef industry bids farewell to Charlie Gracey
Gracey was instrumental in developing analytical programs and procedures the beef sector still uses
Follow the money: benchmarking can tell you where to look
National cow-calf cost of production network offers insights on boosting profitability
Reading Time: 3 minutes Glacier FarmMedia – The Beef Cattle Research Council wants the third and final year of data collection to fill gaps in a national cow-calf cost of production network. The goal is to allow producers to compare metrics with farms in their region that share the same management practices. “Are you competitive and comparable with others […] Read more
Be strategic when rebuilding your cattle herd following drought
Rebuilding your herd with your own heifers will be the best option for most operations
Reading Time: 4 minutes Producers who were forced to cull their herds during last year’s drought may need years to rebuild their herds back to pre-drought levels. “When the drought hit last summer, one of the questions that came up was what if guys had to cull really hard,” said Brenna Grant, executive director of Canfax. “Every operation has […] Read more
Finding treasure by taking a deep dive into cow-calf production data
Cost of Production Network opens a window on how producers like you spend and make money
Reading Time: 3 minutes An effort to create apples-to-apples benchmarking for cattle producers has released its results from 2020 — and has also issued an appeal for more producers to join the Canadian Cow-Calf Cost of Production Network. “The purpose of the network is to produce benchmarks for different production systems found across Canada,” a newly released Canfax video […] Read more
Cattle producers struggle but beef suppliers are doing just fine
Wholesale beef prices at record levels but those strong prices haven’t made their way to producers
Reading Time: 3 minutes The good news is that beef prices are extremely strong, even in the face of record beef production in North America. “We have record-high wholesale beef prices right now,” CANFAX manager and senior analyst Brian Perillat said at the recent (and virtual) Canadian Beef Industry Conference. Unfortunately, cattle prices are just not responding. “That’s been […] Read more
A beefy economic contribution
Reading Time: < 1 minute The economic importance of the beef sector can’t be determined just by looking at farm cash receipts, says Canfax. A new study adds in “direct, indirect and induced impacts” that flow from cattle production. “For Canada in the 2018-20 period, the cattle sector had $51.6 billion in goods and sales, contributed $21.8 billion to gross […] Read more
A little here, a little there — how do you know when costs creep too high?
New cost-of-production program aims to offer cow-calf producers a better way to identify problem areas
Reading Time: 3 minutes Bad weather. Market volatility. The pandemic. There are a lot of things outside of your control as a cow-calf producer, but your cost of production doesn’t have to be one of them. “As the industry has been rocked by COVID-19, there is an opportunity for producers to examine what they can control — their cost […] Read more
‘Light at the end of the tunnel’ as cattle backlog numbers fall
The number of market-ready cattle remains high, but packers have made good progress since spring
Reading Time: 4 minutes In spite of producers’ fears in the spring, things seemed to have settled out a little bit in the cattle market. The shutdown of Cargill in High River and the slowdown of JBS in Brooks left a backlog of cattle that many worried would pummel calf prices this fall. “Our processing was limited in the […] Read more
New benchmarking program aims to help you up your game
Initiative will not only help cow-calf producers evaluate their performance but become more innovative
Reading Time: 3 minutes This is an abridged version of Part 1 of a three-part series. The full article and the two upcoming parts (when released) can be found at beefresearch.ca (in the BCRC Blog section). The Canadian Cow-Calf Cost of Production Network (CDN COP Network) has been developed collaboratively with provincial co-ordinators and funded by the Beef Cattle Research Council […] Read more
Cattle markets: Situation isn’t good but outlook is much better
There's been a 'pretty good recovery' but there's a long ways to go, Canfax official says
Reading Time: 3 minutes It’s been a roller-coaster year and while the ride isn’t over for the cattle sector, the worst may be behind it. “This year has been pretty extreme, but we’ve had a pretty good recovery,” CANFAX manager Brian Perillat said during a presentation at the virtual Canadian Beef Industry Conference. “Things are much better than earlier […] Read more
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