Barbecues may be firing up for the summer and worldwide protein demand may be holding steady, but the price of fed cattle isn’t quite so hot. “Not exactly exciting news – prices are lower – but…I would also point to the fact that we’ve got considerably more beef being produced this year in both countries,”… Read More
Of the $8 million contribution to the Canadian beef industry announced this week, $5.3 million is earmarked for Canada Beef Inc. “We will be investing this money into all of the emerging markets – but China is certainly is one of the most important ones for us,” says Michael Young, president, Canada Beef Inc., adding… Read More
Beef markets this week felt the pressure of the Chinese request to suspend beef and pork exports from Canada. “It was a growing market that certainly our sellers of beef were focusing on,” says Anne Wasko, of the Gateway Livestock Exchange. “So when you have that close overnight, markets obviously this week have been in… Read More
At the 106th Saskatchewan Stock Growers Association annual general meeting, Gateway Livestock Exchange’s Anne Wasko presented on the current situation in the beef markets. The theme of the two-day convention was Strategies for Success, and in this episode of the RealAgriculture Beef Market Update, Wasko goes over just that. She says the biggest topic she’s… Read More
The federal government announced more than $1 million will be going towards Canadian Meat Council (CMC) initiatives. Member of Parliament Chris Bittle made the announcement today in Niagara Falls, Ont., on behalf of Agriculture and Agri-Food Minister Marie-Claude Bibeau at the CMC’s 99th annual conference. According to a news release, in collaboration with the Canadian… Read More
Despite last Friday’s bullish Cattle on Feed report out of the U.S., markets on Monday opened with little impact, says Anne Wasko of the Gateway Livestock Exchange, in today’s Beef Market Update. The report listed the May 1 inventory of cattle and calves on feed for the slaughter market as the highest since the series… Read More
The Canadian beef market is enjoying a record-setting export pace for the first three months of 2019. Last week’s announcement of Japan accepting beef from over-thirty-months of age cattle is a real bonus to an already great bull run. Fawn Jackson, senior manager of government and international relations for the Canadian Cattlemen’s Association, says that… Read More
The May long weekend is the official kick off to the summer barbecue season, but the wet, cool weather trend doesn’t look like it’s going to let up for much of the country. Will this deter beef consumption? Will African swine fever’s impact on the hog markets boost beef retail sales through competitive pricing? Not… Read More
Spring has sprung in the cattle industry as ranchers focus on calving and feedyards spread manure. There are many moving parts right now for the beef industry including trade deals, consumer demand, and any ripple impacts on the protein complex due to African swine fever. On Thursday the USDA released its Cattle on Feed report… Read More
Rumours of pretty strong Canadian beef exporter numbers for early 2019 weren’t an exaggeration as Statistics Canada’s official numbers puts January exports at a pedal to the metal pace. Confirming what the market heard anecdotally, StatsCan says beef exports to the Asia region in January were up 22 per cent year-over-year. Japan accounted for a… Read More
There are oh-so-many factors at play in the oilseed complex, and the latest trade news (hi there, blocked canola shipments) does not bode well for the vegetable oil market. That said, soybean prices seemed to have encountered some price resistance at the mid-$9/bu price… could this be a bottom? Unfortunately, Chuck Penner, realist and founder… Read More
The USDA released its February 1st Cattle on Feed Report on Friday. According to the report, cattle and calves on feed in feedlots with capacity of 1,000 or more head totalled 11.7 million head. The inventory was slightly above February 1, 2018. Placements in feedlots during January totalled 1.96 million head, 5 per cent below… Read More
Flipping the calendar at this time of year is less about leaving something behind and more about looking ahead — in this case, it’s on to planting and seeding. For areas of the southern U.S., time is already ticking and wet conditions are holding back planting, even while farmers in Ontario and parts of the… Read More
Every year in February, ag policy wonks, market followers, and politicians gather in Washington, D.C., for the USDA Outlook Forum. Not only does USDA release its forecasts for acres and production numbers, but the conversations also fill the hallways. Most years, the focus is on the fundamentals, but with so many trade patterns very cloudy… Read More
It’s a mid-week Beef Market Update, and although we always love and appreciate having Anne Wasko from the Gateway Livestock Exchange on the show, she says what she’s about to say might not make people too happy. Wasko says there’s two very different scenarios unfolding in the markets currently, and the good and the bad… Read More