AB Direct - Steers

Live: ---
Rail: ---

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: ---
Rail: ---

US Trade - Heifers

Live: ---
Rail: ---

Canadian Dollar

$73.18
0.38
March 4, 2021 Issues & Insights

What We’re Reading | Beef sector saw winners and losers during COVID

The Western Producer by Barb Glen

Consumers paid more for beef, processors and retailers increased their profits and feedlot owners lost millions in 2020 because of COVID-19.

A paper published through the University of Calgary’s School of Public Policy, written by project co-ordinator Karen Spencer, indicates feedlots lost an estimated $379 million in gross revenues for 2020 compared to the previous year, reducing their collective income by 6.7 percent.

Consumers at the same time paid more for beef at the retail counter as demand surged when pandemic-related health measures forced closure of restaurants and increased demand for cooking at home.

On average they paid 6.2 percent more for beef products in 2020 compared to 2019, the paper said, and some months saw as much as 18 percent higher beef prices year over year.

Read Full Article

Share this on

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Stories

December 6, 2022 Trailblazers

Showcase your tenderloin with these simple tips

December 5, 2022 Checking in with ABP

Sheila Hillmer steps into role of ABP Vice Chair

December 5, 2022 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of  December 5, 2022

Cattle Report

Updated: 06/12/2022

Steers

Live: ---
Rail: ---

Heifers

Live: ---
Rail: ---

Choice Steers

Live: ---
Rail: ---

Choice Heifers

Live: ---
Rail: ---

Boner Cows

Over 500 lbs: US$ 145.25

Canadian Dollar

$73.18   0.38

Livestock Price Insurance Index

Expiry Fed Feeder Calf
27-Feb-23 192 226 -
27-Mar-23 196 228 -
24-Apr-23 202 232 -
22-May-23 204 240 -
19-Jun-23 208 250 -
17-Jul-23 204 - -
14-Aug-23 202 246 -
Last Updated on December 1, 2022