Manitoba Calf Prices Finish Year Strong

Jan 03, 2020

Prices of fed cattle and cull cows has been strong, according to Brian Perillat, Manager and Senior Analyst with Canfax.

"Fed cattle continue to be grinding a little bit higher," he said. "They've been on the rise, for the last couple of months....There's a lot of feedlots saying there's a little bit of profit in these cattle, which they haven't really seen much of in 2019."

Perillat says Manitoba calf prices had a relatively strong finish to the year, being some of the strongest in Canada.

He notes they'll be keeping an eye on the Canadian dollar, which recently broke out over 77 cents, the highest since 2018.

Click here to see more...

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.