Canadian cattle market still volatile

 

By Kirk Scott, Blackburn News (Canada) 

January 8, 2020

 

A Vice-President of Beef Farmers of Ontario says many producers are in dire straights because cattle ready for market often have no place for processing.

 

Rob Lipsett says beef farmers have increased production to meet world wide demand but processors and packing plants have not kept up.

 

“The condition we’re in right now, the next step or result will be actual farm businesses going out of business.   Family farms may be getting swallowed up by bigger corporations or land developers and that’s not good for anybody,” said Lipsett in an interview after his presentation at Grey Bruce Farmers’ Week in Elmwood.

 

He says farmers having to keep cattle on the farm too long after they’re ready for market are losing up to $300 dollars a head.

 

“Live cattle that have been ready to go to market and have nowhere to go and it costs the farmer every day.    It’s a daily expense to keep those animals, they have to be fed they have to be looked after.”

 

A big problem is labour shortage for processors.   Lipsett says they’d like to see restrictions eased on foreign workers. As well, a volatile market for beef means some processors are hesitant to invest and grow. Lipsett says they’d like to see governments get more directly involved in expanding capacity...

 

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https://blackburnnews.com/agrimedia/agrimedia-news/2020/01/08/canadian-cattle-market-still-volatile/