Beef Market Update – Has the Cattle Market Finally Bottomed?

Anne Dunford

Last week was a brutal week in terms of cattle pricing and the question is starting to loom, what will 2010 bring the business.  The feeding and ranching industry needs some relief from the financial pressure that has been experienced over the last twelve months.  Had it not been for the currency trade gains in 2008, it would of had the same poor financial results.  In the interview I joke with Anne, and ask her “if spring will be happy?”  I have my fingers crossed because this industry deserves better. 

Anne predicts when we could see some brighter times based on the cattle that were placed this fall.  Anne discusses the USDA cattle on feed report at the end of the week and whether or not there could be some surprises.    Anne also tells us what she wants for Christmas to ensure a healthier cattle business in 2010.

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4PM est. @shaunhaney

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Canada’s lamb market sees major production merger

Alberta-based Canada Gold Beef Ltd, owners of SunGold Specialty Meats Ltd., and the Canada Gold Lamb Lot have announced the merger of their lamb operations with that of Fresh Canada Meats Ltd, the majority shareholder of Manitoba-based Canada Sheep and Lamb Farms Ltd. Fresh Canada Meats is a wholly owned Canadian subsidiary of Integrated Foods…Read more »

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2 Comments

George

I really hope that the fed cattle market gets better in the new year because my operation will be in trouble if it doesn’t. The only reason that I made money last year was becasue I hedged the dollar.

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Esther

The only reason i can continue to farm in 2010 is because i work off farm in a remote camp situation, have met alot of farmers and ranchers doing the same!

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