Beef Market Update: Feeder Exports Down, Despite Low Loonie

Anne Wasko
Anne Wasko, Gateway Livestock.

In this episode of the Beef Market Update, Gateway Livestock’s Anne Wasko joins Shaun Haney in-studio for an update on the extreme volatility in the beef market since September. The duo talk about the changing market, sluggish U.S. exports, diminishing Canadian feeder cattle exports (down 67% since July) and the aggressive inventory expansion efforts of our neighbours to the south.

As for prices at the retail level: it’s “two very different stories” for the U.S. and Canada, says Wasko. “We are starting to see year-over-year price changes in the U.S. and a lot more featuring… Here in Canada, though, prices still remain 12% higher on average at the retail level, and not much featuring.”

And, we’d hate for you to forget about the ongoing Country of Origin Labeling dispute. The World Trade Organization (WTO) is expected to announce it’s decision on retaliatory efforts on December 7.

RelatedWTO Considering Canada’s $3.1 Billion COOL Retaliation Plan

“And from that,” says Wasko, “we certainly hope the next step is that the Senate votes to repeal COOL.”

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