Beef plants in Western Canada are back to pre-COVID levels.

Canfax Market Analyst Brian Perillat gave a cattle market update this week.

"We've got both the Canadian dollar and feed grains extremely high," he said. "Despite that feeder markets are holding in there. We're starting to see a little more volumes of backgrounded cattle come to market and somewhat surprising how well that market is holding together. Feedlots seeing red ink and have seen it for months. They continue to pay up for feeder cattle where prices there...are slightly above a year ago. Certainly some optimism priced into this market."

Perillat says Western Canada has the strongest fed cattle market in North American again which is not that seasonal, especially in February, to see $5-$7 dollars a hundredweight above the U.S. He notes the market has improved somewhat, where are prices are close to where they were a year ago.

More Ag News

Airdrie welcomes newest $50 million snack facility

From left to right, Nate Horner, Minister of Agriculture, Forestry and Rural Economic Development, Yousif Al-Ali, President and CEO, Super-Pufft Snacks Corp and Airdrie Mayor Peter Brown..captiontext…

G7 Agriculture Ministers meet in Germany

Canada’s Minister of Agriculture and Agri-Food, Marie-Claude Bibeau, meets with other G7 Agriculture Ministers in Stuttgart, Germany - Photo Credit: BMEL/Photothek.captiontext G7 Agriculture…

Seeding underway south of the border

.captiontext Seeding in the United States has ramped up over the past couple of days. Dan Basse is president of AgResource Company in Chicago. "We are finally getting at the seeding here in the last…

Canada's 2021 Census of Agriculture

File Photo.captiontext Data from the Census of Agriculture indicate that trends identified in previous census cycles, such as industry consolidation and aging of farm operators, have continued in…

Satellite changes could shutdown farmers

Photo Courtesy of Matt Yanick.captiontext There's a key change coming up next week for farmers that use WAAS - a Wide Area Augmentation System - for Precision Agriculture. Matt Yanick, President and…

DiscoverMooseJaw.com is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login