Category: Beef Market Update

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 »

Beef Market Update — Double Whammy from the Dollar as “Normal” Cattle Market Returns in Q1

The first quarter of 2016 is in the books and it’s becoming clear the last two years in the cattle market were likely outliers. “Unfortunately it’s a reminder of what normal is. 2016 is nothing like 2014 and 2015 which were really bull markets that kept running through most of both years. That’s not the… Read more »

Beef Market Update: Canadian Ranchers Not Following U.S. Into Rapid Expansion Mode

Are we finally seeing signs of expansion in the Canadian beef herd? If you dig deep enough into Canadian cattle inventory report published by Statistics Canada last week, you might just be inclined to answer yes. The twice-a-year report showed total cattle and calf numbers across the country on January 1 were up just 0.3 percent… Read more »

Beef Market Update: U.S. Herd Expansion, Winter Storms & Producer Optimism

Cattle prices may not be where they were a year ago, but ranchers are generally still an optimistic bunch at current levels. Anne Wasko of Gateway Livestock joins us in the middle of her busy winter meeting circuit for this latest edition of the Beef Market Update. Domestically, the volatile Canadian dollar continues to play with… Read more »

Beef Market Update: Cattle Market Rallies on U.S. Weather…For Now

Anne Wasko of Gateway Livestock, in conversation with guest host Kelvin Heppner. . It’s an interesting time for cattle markets, with the Canadian dollar hitting record lows, weather in the United States putting pressure on supply estimates, and the recent repeal of country-of-origin labelling (COOL). In fact, as we start off the new year, we’re seeing a pretty… Read more »

Beef Market Update: Prices Drop Below Year-Ago Levels, With One Exception

The beef price cycle certainly appears to have peaked, as Canadian cattle prices have dropped below year-ago levels in the last few weeks. Anne Wasko of Gateway Livestock and RealAg’s Shaun Haney try to look through the fog of what’s happening in the beef market, with dropping prices and increasing protein supplies across North America, in… Read more »

Beef Market Update: Feeder Exports Down, Despite Low Loonie

In this episode of the Beef Market Update, Gateway Livestock’s Anne Wasko joins Shaun Haney in-studio for an update on the extreme volatility in the beef market since September. The duo talk about the changing market, sluggish U.S. exports, diminishing Canadian feeder cattle exports (down 67% since July) and the aggressive inventory expansion efforts of… Read more »

Beef Market Update: Another Setback as Fall Calf Run Peaks

Cattle markets, led by the futures in Chicago, took another tumble this week. “It’s been discouraging, disappointing, but again markets have shown us this this fall, when they make a move, it tends to be pretty violent or erratic,” says Anne Wasko of Gateway Livestock in this latest Beef Market Update. “We don’t seem to move… Read more »

Beef Market Update: It Could Be Worse

We’re not entirely sure how the Beef Market Update started and ended with turkey and the Jays, but the real meat of this week’s podcast centres around how fed cattle prices have dropped, with both the feeder and calf markets following suit. On what we can expect for the rest of the year in the… Read more »

Beef Market Update: Fed Cattle Market Appears Shakey While Feeder Cattle Prices Find Record Highs

It’s an interesting market for beef producers. While fed cattle are still struggling to find their market low, feeder animals are well above last year’s prices. And cow/calf producers may be feeling relieved, but will good margins be enough to persuade herd expansion? We hand Shaun Haney a bar of soap for this mid-September edition of the Beef… Read more »

Beef Market Update: Big Volumes and Bigger Prices Kick Off Fall-Run Sales

Where were we just one year ago? The Canadian dollar sat at 92 cents U.S. and cattle prices were at all-time highs. Those price levels have since been passed, to everyone’s surprise, but the dollar has taken an absolute beating in just a year’s time. Anne Wasko, of Gateway Livestock, joins RealAgriculture’s Lyndsey Smith for… Read more »