Seeing as we’ve just closed out on the first half of 2022, we’re diving into overall beef production for the first half of the year on this week’s episode of the Beef Market Update.
In Canada, beef production was up another 3 per cent, says Anne Wasko of the Gateway Livestock Exchange, between fed cattle slaughter and non-fed cattle slaughter, year-over-year.
In the U.S., the situation was positive too, with production up 1 per cent, year-over-year as well.
“We’re comparing that to last years record production,” explains Wasko. “So these are big numbers. This is big production.”
With the first half of the year being so positive, it has many questioning what the second half of the year will look like. No one of course has the answer — but there definitely is some speculation out there.
“There’s been a few articles about this in the last week or so talking about as we march through the second half of 2022, and we get into smaller supplies. We are expecting to see smaller cattle on feed numbers, especially in Western Canada now that we’ve got some better moisture conditions. We’re going to see production levels change substantially as we go forward, especially by the end of this year,” she explains. “So big production in the first half, and expectations for certainly smaller production as we march through the rest of the year.”
Check out the full conversation with Wasko and RealAg Radio host Shaun Haney, below: