Beef Market Update: Setting up a sellers' market

Live cattle futures have found reasons to rally since early September, even in the face of large placements in a bearish cattle on feed report last week.

It’s a combination of market fundamentals — profitable margins, lower carcass weights, and strong demand — driving the market out of the lows set around Labour Day, says Anne Wasko of Gateway Livestock.

Calf prices in Western Canada are also ahead of last year, in what Anne describes as a sellers’ market right now — partly due to the Canadian dollar dropping by somewhere around a nickel in the last six weeks.

So can this bullish tale continue? Given the big supply story coming to fruition, will demand remain strong (we are headed into U.S. Thanksgiving and the holiday season)?

Anne discusses with Shaun Haney in this latest edition of the Beef Market Update:

Please accept to view this content.

Leave a Reply

 

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

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register