Beef Market Update: Riding spring highs into March

Episodes:

Cattle markets have remained strong, although we saw a technical correction lower on the futures market this week.

“Maybe we’re getting a little numb to it, but futures markets continue to be extremely explosive whenever they tend to move. Up until this week, the market’s been building to recent highs, but futures markets, led by live cattle and feeder cattle, were off pretty significantly for a couple of days,” notes Anne Wasko, on the road in BC’s cattle country in this Beef Market Update, recorded on Friday, Feb. 23.

Anne Wasko

Cash prices recently hit $130 in the U.S., representing a 25 percent increase from last fall. “That’s on the high end of ranges for moves in terms of going from fall lows to spring highs.”

Some breaks in winter weather have boosted market activity in Western Canada, with fed cattle prices reaching the mid-to-upper C$160s, she notes.

Looking forward, Wasko says strong demand — the story of 2017 — will be needed to maintain these prices, leading into some discussion about upcoming wholesale numbers and the importance of market access through trade deals like the TPP and NAFTA.

Here’s Anne’s conversation with Kelvin Heppner:

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
scmtid,v,a,JSESSIONID
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,_gat
_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