Optimism in the beef sector

Apr 19, 2023

For the cattle sector the first quarter of 2023 has been fairly good.

Brenna Grant, the Executive Director of Canfax says fed cattle prices in Alberta reached new record highs in mid March and are continuing to see one of the strongest spring rallies in the last 15 years.

"We are seeing leverage shift from the packer to the feedlot across North America and we see fed cattle supplies tightening up."

It was just a few weeks ago, that slaughter cows prices hit $132 per hundred weight, their highest since September 2015.

Grant points out there's a lot of talk about a recession, adding that during a recession ground beef usually tends to do very well because of its versatility.

She says while producers have been seeing a strong spring rally, we're also seeing very strong price signals going forward.

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Video: 2026 T.K. Cheung Lecture in Animal Science - Dan Weary

T.K. Cheung Lecture in Animal Science: "Using science to assess and improve the welfare of dairy cattle"

Dan Weary is a Professor at the University of British Columbia. Dan did his BSc and MSc at McGill and Doctorate at Oxford before co-founding UBC’s Animal Welfare Program where he now co-directs this active research group. His research focuses on understanding the perspectives of animals and applying these insights to develop methods of assessing animal welfare and improving the lives of animals. His work has helped drive changes in practices (including the adoption of higher milk rations for calves and pain management for disbudding) and housing methods (including the adoption of social housing for pre-weaned calves). He also studies cow comfort and lameness, social interactions among cows, and interactions between cows, human handlers and technologies like automated millking systems that are increasingly used on farms. His presentation will outline key questions in cattle welfare, highlight recent UBC research addressing them, and showcase innovative methods for improving the lives of cattle and their caretakers.