Category: Beef Market Update

Beef Market Update: Balancing Volatility & Strong Fundamentals

Understanding the cattle market right now can be a real head-scratcher if you don’t know what to pay attention to. Trying to determine the factors influencing the wild market swings is like chasing the wind. There are a number of outside factors all exerting some kind of influence from unstable overseas markets to inside bids… Read more »

Beef Market Update – U.S. Cattle on Feed Report Provides Insight Into the Hot Feeder Market

The USDA October Cattle on Feed Report came out late last week with one number in particular well above U.S. analysts estimates. The October 1st on-feed inventory was roughly a percent above estimates, re-establishing the impact the drought in key cattle producing parts of the U.S. is having on the regular flow of cattle. The… Read more »

Beef Market Update: AB & SK Cattle on Feed Report and Trade InBalance

The Alberta & Saskatchewan Cattle on Feed report came out last week and a number of over arching themes emerged. The small herd numbers are evident when we take a look at feed yard placement numbers and heifer retention. The strong calf prices seem to be driving that heifer retention as ranchers consider replentishing the… Read more »

Beef Market Update: October Brings Opportunity for Ranchers and Feedyards

Expect the unexpected is one of those phrases we’ve been trained to associate with something negative. In the reality of this global economic situation, that is understandable. Sometimes however, we get an unexpected silver lining type situation. The story surrounding our Canadian dollar and our cattle exports is one of those. A weaker dollar,(even if… Read more »

Beef Market Update: A Dropping CDN Dollar and Slumping Boxed Beef Sales

With the announcement of the TWIST package in the United States this week, the currency and commodity markets have been put into a volatile mess. I say mess, cattle feeders say relief. With the Canadian Dollar dropping below par for the first time since February, Canadian cattle feeders can now breath a sigh of relief… Read more »

Beef Market Update: The Hot Feeder Run Continues

The fall of 2011 may prove to be one of the most profitable seasons that the cow-calf producer has seen since the beginning of the last decade. Feeder cattle prices have begun the feeder run in Western Canada on a very hot step. Some will say though that the rancher needs a series of these… Read more »

Beef Market Update – An Early Look at the Feeder Run – Anne Dunford, Gateway Livestock Exchange

When you talk about factors affecting the cattle markets as we head into the feeder run, a number of things emerge. High commodity prices are creating a new normal when it comes to a baseline feeder price. Producers have to get over the initial sticker shock and adjust to the fact that higher feeder prices… Read more »

Beef Market Update – US Cattle Market Fundamentals Provide Bearish Outlook

Its sometimes staggering how quickly the mood of a market can change. With US cattle on feed placements being higher by 10% compared to a year ago the resulting plethora of beef to move to the market means lower prices in the short term. Canadian cattle feeders are getting the benefit of a very narrow… Read more »

Beef Market Update – U.S. & Canada Cattle on Feed Reports, Anne Dunford

When things are profitable for the feedlot operator, we generally see those operators start to fill pens. That’s the historic trend and it just makes good sense. However, the Canfax  numbers for March show cattle placements down again in Canada. As the number of cattle on-feed drop, producers who depend on those numbers begin to… Read more »

Beef Market Update – Where Do We Go From Here?

Barley is bumping off of $200, corn is $7.00 per bushel and dressed cattle prices are just under $200.  What is going on here?  With inputs and cattle prices both in bull runs it is easy to get caught up in the assumption that this will last forever.  As the old saying goes, what goes… Read more »

Beef Market Update – Have We Seen the Canadian Spring Highs Yet?

It has been a challenging year for cattle feeders in the respect that unhedged cattle have performed well financially but the majority of cattle for progressive producers were contracted or hedged. On top of this is the fact that replacing cattle in the feed yard is very expensive based on the break evens that are… Read more »