Improving feedlot margins contributed to the stronger feeder market. Alberta packers were buying finished cattle on a dressed basis at $500/cwt delivered which was fresh record high. Using a 60 per cent grading, this equates to a live price of $300/cwt. Feedlot breakeven pen closeouts are in the range of $260-$270/cwt. Feedlots are anxious to reload and larger groups of quality packages are limited at this time of year.
Beef cattle
Klassen: Lower beef production forecasts support feeder complex
U.S. livestock: Cattle mixed as report shows inventory down
Chicago cattle futures were mixed on the eve of the Memorial Day weekend as this month's cattle on feed report showed a decline in inventory. Hogs fell.
Walkerton: A lesson in crisis management
Stan Eby and Mike McMorris reflect on how they helped handle the crisis 25 years ago
In May 2000, there was no agricultural roadmap to defend against allegations that a beef producer caused the Walkerton water crisis.
U.S. livestock: Cattle futures climb ahead of Memorial Day holiday weekend
Chicago Mercantile Exchange live cattle turned higher on Thursday, as traders adjusted their positions ahead of the Memorial Day holiday weekend and wholesale prices continued to rise on consumer beef demand, market analysts said.
Kiwi startup promises methane vaccine for cattle
New Zealand company in running for investment in emission-reducing treatment for livestock
A New Zealand biotech startup says it has a vaccine that can dramatically lower methane emissions from livestock.
‘It still hurts. You never forget.’
Dave and Carolyn Biesenthal reflect on the Walkerton water crisis 25 years later
Dave and Carolyn Biesenthal reflect on how it felt to be accused of water contamination, the cause of the Walkerton Water Crisis.
U.S. livestock: Live cattle futures climb as wholesale US beef prices firm
Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.
Drake Meats to build new facility
Saskatchewan meat company Drake Meats Processors Inc. will be building a new meat processing facility in Saskatoon that is expected to employ 200 local people once fully operational.
U.S. livestock: Chicago hogs, cattle mixed
Chicago cattle and lean hog futures ended mixed on Wednesday even as consumer demand remained strong ahead of Memorial Day.
Klassen: Buying interest for feeder cattle subsides
For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.