Beef Market Update: Surprises to the upside and the downside

The cattle market has had more than a few surprises lately. After maintaining momentum to the upside longer than expected, the market saw a quick adjustment to the downside this week, as Anne Wasko highlights in this latest Beef Market Update.

“Not that the downtrend wasn’t expected, we’re heading into the summer. We’ve had a great demand run until this time, but certainly seasonals suggest that should slow down,” she explains. “The surprise though is how much this market can move from one week to the next.”

Anne Wasko

On the export side, the latest Canadian numbers show April 2017 was the best April since 2010, with shipments up 3 percent year-to-date. Details were also released this week on what the new U.S. beef export access into China will look like, and there’s some good news for Canadian beef, as it looksl ike animals born in Canada, slaughtered in the U.S. will be allowed.

Rains over the last week have been welcomed, and should help keep animals at home longer, but the dry conditions in parts of Western Canada and the northern U.S. could be a factor looking ahead to the fall run, she notes.

Listen to Anne’s latest Beef Market Update chat with Kelvin Heppner, here:



RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.


Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »


Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.