Farms.com Home   News

Beef Industry Works On Clearing The Backlog

The President of the Canadian Cattlemen's Association says cattle are moving to slaughter, but it will take months for the industry to work its way through the current backlog.
 
Bob Lowe says numbers are going down but it takes time considering the volume of animals, 130 thousand that were caught in the system when COVID-19 resulted in a temporary shutdown at processors.
 
"The good thing is that we aren't backing up more cattle.  We're slowly you know, slowly whittling away at it but you've got a huge increase in carcass weights which is a problem all by itself. There's just a whole lot more meat on the market than there was pre-covid."
 
He notes as we move through the backlog packers seem to be bidding on the heaviest cattle first.
 
"That's a good thing, a really good thing. So, if you don't have anything you own 1500 pounds or better, they're kind of asking you to wait. Hold off a little bit."
Click here to see more...

Trending Video

USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.