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February 11, 2021 Current Markets & Forecasts

What We’re Reading | Disaster averted: Cattle set-aside does its job

Alberta Farmer Express by Alexis Kienlen

It was a response to a crisis that threatened to overwhelm Alberta’s cattle sector — but seven months later the cattle set-aside program has come to an end.

And it’s clear it’s been a success, says the chair of the Alberta Cattle Feeders Association.

“I think the program did its job,” said Greg Schmidt, an owner of Schmidt Livestock in Barrhead. “It really helped mitigate supply at the right times.”

The set-aside started in June, and was designed to help the cattle industry deal with the huge backlog of 130,000 market-ready cattle that couldn’t be processed. The backlog had built up after a large number of COVID-19 cases forced Cargill to temporarily shut down its High River facility in April. Soon after, another outbreak saw JBS go down to one shift at its Brooks plant.

Read Full Article

Cattle Report

Updated: 28/03/2024

Steers

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Rail: 400.00 del

Heifers

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Rail: 400.00 del

Choice Steers

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Rail: 298.00 (NE)

Choice Heifers

Live: 185.00 (TX, KN)
Rail: 298.00 (NE)

Boner Cows

Over 500 lbs: 246.33

Canadian Dollar

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Livestock Price Insurance Index

Expiry Fed Feeder Calf
24-Jun-24 232 326 --
22-Jul-24 228 -- --
19-Aug-24 226 326 --
16-Sept-24 224 330 372
14-Oct-24 224 332 378
11-Nov-24 222 330 376
9-Dec-24 222 320 370
Last Updated on March 28, 2024

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