Beef Market Update – The Basis Widens as Packers Are Slow to Lift Cattle – Anne Dunford

DSC00137

It always amazes me how two weeks can make such a difference in the outlook for an industry.  Two weeks ago Anne and I talked about the nervousness of the cattle market based on a high dollar, high feed and price plateau.  Now the dollar is lower and the US fat prices spiked $5 last week.  Are good times ahead or are we just being teased with the potential of a false sense of security.

In this week of the Beef Market Update, Anne Dunford discusses the recent spike in fat cattle prices in the US and why the Canadian basis is widening.  We also discuss how packers are slow to lift cattle from feedyards in Western Canada and if this is a trend to continue through the fall.

If you cannot see the below embedded video, Click here

 

Shaun Haney

Shaun grew up on a family seed farm in Southern Alberta. Haney Farms produces, conditions and retails wheat, barley, canola and corn seed. Shaun Haney is the founder of RealAgriculture.com. @shaunhaney

Trending

Wheat Pete’s Word, May 24: Insect alerts, head snag, and delayed corn strategies

As corn planting moves along in Ontario, the list of issues to deal with in the field is also progressing, as RealAg agronomist Peter Johnson has a pair of insect alerts on this week's Word. Unfortunately there's also been some frost in parts of the country, and Wheat Pete walks us through how to assess the…Read more »

Related

Leave a Reply