Category: Beef Market Update

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 »

Beef Market Update — CBIC ’16 Edition: Buying Back Demand

The inaugural Canadian Beef Industry Conference is underway in Calgary, Alberta this week, and this morning, RealAgriculture’s Shaun Haney and Gateway Livestock’s Anne Wasko took the opportunity to film a Beef Market Update in-person, in our studio on the trade-show floor. The duo started off talking about some of the good news in the industry, how we’re… Read more »

Beef Market Update: Feedlot Losses Signaling Cautious Fall Sales

With fat cattle prices in Alberta $40 lower than they were a year ago, the view from where the cattle feeders will be sitting come this fall’s sale season will look different than it did in 2015. “Estimated losses in July for cattle finishing in Alberta on a spot-to-spot basis are about $350 to the… Read more »

Beef Market Update: Already Weak Markets Meet ‘All-Out Surprise’

It’s been an interesting week for market analysts. According to Gateway Livestock’s Anne Wasko, cattle prices had a tough week leading up to Friday, then “Brexit — the ‘leave’ victory — sort of sent markets into an upheaval.” Commodity Analysts, Traders and Media React to Brexit Decision The news that the United Kingdom had voted to leave… Read more »

Beef Market Update — Wholesale Prices Holding Firm, Negative Feeder Margins Finally Narrowing

A big spike in the United States’ live cattle cash market left producers hopeful late last week. “In the south — down in Texas, Kansas — we had the market up three dollars, to $1.28 US,” explains Gateway Livestock’s Anne Wasko, in this week’s Beef Market Update (included below). “And the northern markets — Nebraska, Colorado,… Read more »

Beef Market Update — Export Growth Perseveres in Face of Tight Supplies

Earlier this week, Brian Perillat, senior analyst with Canfax, joined Shaun Haney to talk about the May 1 cattle report. The report, published Sunday, showed on-feed numbers in Alberta and Saskatchewan up 8%. What caused the bump? “As Brian alluded in that last interview, the cattle that didn’t go south — the feeder cattle last fall… Read more »

Beef Market Update — Lower Retail Prices Needed to Barbecue Through Big Beef Production

Retailers are enjoying this part of the beef cycle. Producers? Not so much. Cattle futures put in some new lows last week, as Anne Wasko of Gateway Livestock joins us for another Beef Market Update. With slaughter levels in the U.S. up around 10 percent for the last two weeks of April, there’s been a… Read more »

Beef Market Update — Could the BBQ Market Chew Us Out of This One?

Cattle feeding does take a true cast iron gut at times.  Whether it is dollar exchange, feed costs or external political factors, the volatility in all the profit and loss variables is enough to drive you mad. In this weeks Beef Market Update Anne Wasko and Shaun Haney discuss the beef markets and how the… Read more »