In this file:
· Canadian Cattlemen’s spokesman worried about cattle sell-off
· Klassen: Feeder cattle demand softens
· Sask. cattle producers mindful of Beyond Meat’s success
Canadian Cattlemen’s spokesman worried about cattle sell-off
Jim Smalley, 620 CKRM The Source | Regina, SK, Canada
June 11, 2019
The vice president of the Canadian Cattlemen’s Association is worried about the sell-off of cattle this spring due to drought.
Bob Lowe says the cattle market has taken a significant price drop in the past month because of rising feed costs due to drought.
He says cattle prices have dropped 20 dollars per hundredweight and is hoping prices have bottomed out.
He is concerned about a sell-off of cows and calves due to extremely dry weather.
Lowe says the livestock feed supply is also volatile because of late corn seeding in the U.S.
Lowe also says foreign beef trade is doing very well, with China becoming one of Canada’s largest foreign markets for beef.
He hopes the beef industry can avoid the restrictions imposed by China on imports of canola.
Lowe adds he is concerned about new hours of operation for truckers hauling cattle to Eastern Canada.
He says it will be impossible to...
Klassen: Feeder cattle demand softens
By Jerry Klassen, GFM Network
via Canadian Cattlemen - June 10, 2019
Compared to last week, western Canadian yearling prices were $2-$4 lower on average while calves were down $3-$5 depending on the region. Weakness in the fed cattle market continues to spill over into the feeder complex, as margins drift further into red ink.
Alberta packers were buying fed cattle in the range of $245-$246 delivered on dressed basis, down from week-ago levels of $247-$248. Fed cattle were quoted at $147 on live basis, about $12 below break-even pen closeout values. The aura at auction barns is very defensive these days.
Small packages of lower-quality cattle are coming on the market at this time of year, which contributed to the softer tone. Discounts were quite severe on cattle with “straggle” characteristics because feedlots know these feeders will not perform well.
In southern Alberta, medium-frame Hereford blended steers with medium flesh were valued at $173 landed in the feedlot; similar-quality heifers averaging 915 lbs. were valued at $150. In central Saskatchewan, a small group of mixed steers weighing 835 lbs. were quoted at $174 but in central Alberta, medium- to larger-frame Simmental mixed steers averaging 840 lbs. were valued at $182. The market was harder to define this week, given the variable price structure.
Calf prices have taken a beating over the past couple of weeks because the feed grain outlook for the fall period is considered bullish. Western Canadian hay prices are rather hot and forage is hard to buy in certain areas. In central Alberta, red mixed steers averaging just over 550 lbs. were valued at $223; in southwestern Manitoba, black Angus mixed steers averaging 530 lbs. were quoted at $229. Larger-frame Charolais-based heifers averaging 640 lbs. were valued at $196, landed in southern Alberta feedlot...
Sask. cattle producers mindful of Beyond Meat’s success
By David Baxter, Global News (Canada)
June 10, 2019
Veggie burgers aren’t a new idea, but plant-based options from Beyond Meat and Impossible Foods that claim to taste like real meat are becoming more common on fast food menus and grocery shelves.
Beyond Meat calls itself “The Future of Protein,” saying their product is healthier and more sustainable than actual meat.
This has beef producers, like Lynn Grant who raises cattle near Val Marie, Sask., looking at their own business.
“I think largely it’s a wake-up call to our industry that we’ve not done a good enough job telling our story,” Grant said.
“It’s a very natural product. If you look at the ingredient list of a package of beef that you buy in the store there’s one word on it. It’s beef.”
There’s big money behind Beyond Meat, as the company’s stock is valued around $170 per share as of June 10, a major increase from its $25 per share initial public offering on May 1, 2019.
With the new Canada Food Guide stressing the importance of plant-based dietary choices and growing popularity of meat substitutes, Grant said part of the story they need to do more is talk about the nutrition benefits of beef.
“It has several of the nutrients that humans need naturally. All of those ingredients have to be added artificially to Beyond Meat,” Grant said.
This was echoed by registered dietitian Carol Harrison. Harrison was among the presenters at the 106th Saskatchewan Stock Growers Association annual general meeting in Moose Jaw, Sask...
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