Category: Beef Market Update

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… Read more »

Beef Market Update: Rallying against the trend during barbecue season

As the smell of barbecue fills the air in many neighbourhoods, this is normally the time of year when cattle market highs are well behind us. But the market moved against that trend this week, as live and feeder cattle futures, as well as cash prices, climbed higher. In this week’s edition of the Beef… Read more »

Beef Market Update – I guess that is what you call a correction

Two weeks ago we were talking about higher highs and no where to go but down for the cattle market and thats exactly what we got. The market corrected over the past two weeks which could be fine long term technically. What has hurt Canadian feedyards is that the Canadian dollar has rallied over that… Read more »

Beef Market Update: “Sometimes when things look like they could go good, they go better”

It was a wild and crazy run for the cattle markets this week, and the weekend could be the breather that funds and feedyards need. June live cattle finished the week up 3.45 percent, even with the severe limit down drop on Friday. In the last three months June cattle are up 21.44 percent, which… Read more »

Beef Market Update: Carcass Weights are Lower While the Live Cattle Futures Go on a Run

The cattle markets have seen two weeks of strong futures gains, which is bringing smiles to the faces of cattle feeders. With carcass weights lower in Canada and the United States, they’re are current and looking to fill empty pens as the cash market rises. The summer of 2016 is still fresh in cattle feeders minds… Read more »

Beef Market Update: Brazil’s Protein Bribery Case Raises Opportunity for North American Exporters

With Brazil locked in a major bribery scandal that has closed most of its export markets for beef and chicken, the cattle market scrambles to understand the full situation. Brazil is the number one exporter of chicken in the world (40%) which means if borders are shut long term, chicken supplies will be extremely tight,… Read more »

Beef Market Update: 2017 Starting off on Firm Footing

We’re kicking off the Beef Market Update with likely the most positive-sounding Anne Wasko we’ve heard since last spring (it’s not her fault, dem cattle markets, you guys). Kelvin Heppner steps in for Shaun Haney in this latest look at beef and cattle prices across Canada and into the U.S., and Wasko can’t help but… Read more »

Beef Market Update — Cattle On Feed, Regional Differences, and What Annie Wants for Christmas

This week’s Beef Market Update isn’t just special because it’s festive, it’s also a rare ladies-only affair as Lyndsey Smith steps in for Shaun Haney this week as host. As always, Anne Wasko, of Gateway Livestock, fills us in on what’s top of mind for the cattle industry markets this week. From the Canadian cattle… Read more »

Beef Market Update: Market Neutral Reports, a Weaker Dollar, & Looking at Summer ’17 Prices

It’s Agribition week in Regina, and Shaun Haney is there to take in all there is to see (and smell!). He managed to eek out enough time to catch up with Anne Wasko, of Gateway Livestock Exchange, for another edition of the Beef Market Update. Wasko starts with the recent USDA cattle on feed report that ended up… Read more »

Beef Market Update: Year-Over-Year Carcass Weights Lower for the First Time in 3 Years

In the last month, live cattle prices have finally stabilized and it’s welcome relief for everyone in the cattle business. Fundamentally, what is supporting this stability? According to Anne Wasko, with Gateway Livestock, there are tighter cattle supplies, cattle feeders are current, carcass weights are lower than a year ago for the first time since… Read more »

Beef Market Update: Up Days & Getting Current

In a strange turn of events, cattle prices actually moved up a few days in a row. What’s going on? Was Friday’s cattle-on-feed report that supportive? Have retail prices finally pulled back and demand is climbing? To delve into what’s at work in the cattle markets, we go, as always, to Anne Wasko of Gateway… Read more »

Beef Market Update: One Step Forward, Two Steps Back

While there have been a few days lately where cattle values have ended the day in the green, the trend is still headed lower. And quickly. Cattle futures are now at levels we haven’t seen since the fourth quarter of 2010. “We haven’t been here for a long time. We really weren’t expecting these levels this… Read more »

Beef Market Update: Big Protein Supplies On All Sides

Beef is facing stiff competition from other proteins as huge North American pork and poultry production is coinciding with big beef supplies. “We have issues on all sides of the fence. We’re looking at record production on both pork and poultry right in front of us,” explains Anne Wasko of Gateway Livestock in this Beef Market… Read more »

Beef Market Update: Finding the Market Floor and Relief in the Grocery Store

With every bounce off of a new low in the cattle market, there’s hope prices have finally bottomed out. October live cattle futures in the U.S. have recovered by $7-8 in the last week, after dropping to around the $100 mark in the first week of September. “Hopefully we can look back, and I know… Read more »

Beef Market Update: Capping Off a Frustrating Summer

A frustrating summer has come to a head over the last few weeks, as already-weak cattle prices are on a streak lower. Cash prices in the U.S. have fallen to $110 per hundred weight, notes Anne Wasko of Gateway Livestock. “That’s the lowest they’ve been in five years, and that’s five bucks off of last… Read more »