Erratic is the word of the day and the markets are responding hour-by-hour, day-to-day, and week-to-week with the news, says Anne Wasko of Gateway Livestock Exchange in this episode of the Beef Market Update. In the southern U.S., cash markets bounced back last week and have managed to hold those gains. This follows a cycle… Read More
Category: Meat Markets
The cattle market is well known for its ebbs and flows with the availability of grass, and the lamb market follows a similar pattern, though to a lesser extent. The impact of drought on the lamb market is just one thing that Angus Gidley-Baird, animal protein analyst for Rabobank out of Australia, and RealAgriculture’s Lyndsey… Read More
Editor’s Note: On Thursday, March 6th, Trump paused tariffs on some Canadian goods, but only those that qualify under the U.S.-Mexico-Canada Agreement (USMCA/CUSMA). Steel and aluminum tariffs are still set for next week, and reciprocal tariffs are on for April 2, 2025. While many American farm groups remain publicly silent, some U.S. agriculture organizations are… Read More
The Trump administration has forged ahead with implementing 25 per cent tariffs Canadian exports as of March 4, sending markets lower and triggering a previously-announced response from the Canadian government. “Canada will not let this unjustified decision go unanswered,” said Prime Minister Justin Trudeau, in a statement late March 3. As announced prior to an… Read More
This week held no big surprises in the beef markets. While markets were lower last week, Anne Wasko of Gateway Livestock Exchange surmised that would continue into this week and confirmed that it has. The dressed market in the U.S. is down and the wholesale market is under pressure as well; however, showing signs of… Read More
Markets in the United States faltered this week. While prices hit a high two weeks ago, this week they settled $7–$8 lower than last week. Unsurprisingly for the time of year, packers have cut kills this week, but that wasn’t enough to support the choice cutout, which dropped $6.50. While the U.S. experienced reduced prices,… Read More
Kent Bacus, executive director, government affairs for the National Cattlemen’s Beef Association, hasn’t had a dull moment in the last few weeks. He’s not had much sleep either. That’s not surprising, as any time there is a change in government leadership, his department is going to be busy. Add in a change from a Democrat… Read More
A strong cattle market depends on many factors, all of which play a role in ensuring producers’ long-term success. While beef demand in the United States is the highest it has been in the last 40 years, and retail prices have risen 4.6 per cent annually over the last 25 years, producers still face a… Read More
The U.S. and Canadian cow-herds are both at record lows, at a time when cattle prices are reaching record highs. The market signal to build the herd is there; however, the reality of realizing strong income selling at these prices and several years of drought means ranchers have been in sell mode, not build. That… Read More
Coming off some near-month contract highs of $200-/+ it’s no surprise to see futures falling as the week closes out, but cash cattle in the south ticked higher as they caught up to northern prices this past week (Check out the related story on cattle futures here). The cutout did show signs of weakening in… Read More