It’s the early days of 2021, but we’re hoping for a great year in the beef markets. Will that be the case? Anne Wasko of the Gateway Livestock Exchange says although we are are off to a bit of a slow start, the futures market is telling us change is coming. Markets are in what… Read More
Each year, Shaun Haney asks Anne Wasko of the Gateway Livestock Exchange what wishes she’d grant for the cattle markets if she could. (Don’t look back at what she wished for 2020, who could have predicted 2020?) If Santa is in the business of delivering some big-picture gifts for 2021, here’s what Wasko wants: Better… Read More
It’s been a mild December so far across the country, and although we will need some more moisture on the ground before the spring, most are sure enjoying it right now. Anne Wasko of the Gateway Livestock Exchange couldn’t agree more. And although the weather may be making us happy, the cattle market has been tough… Read More
September beef export trade data is in, and, following a good July and August, the numbers are a bit disappointing. “We’ve been talking about trade a lot because we know both the U.S. and Canada have a pile of beef that we need to get through, and obviously export markets are an important piece of… Read More
To say the futures market took a bit of a nosedive this week would not be an exaggeration. It has, however, been doing its best to try to recover some of those losses. Anne Wasko of the Gateway Livestock Exchange says in the latest Beef Market Update that the moves have been very volatile lately…. Read More
JBS Foods Canada has announced a long-term commitment with Kanematsu, a Japanese food service and distribution company. Japan imported 49,317 tonnes of Canadian beef valued at $353.5 million in 2019. The company will focus on using Alberta Beef-branded product, including Northern Gold and the Canadian Diamond Black Angus brand, in development of this overseas partnership…. Read More
Many ranches across the prairies are getting into the weening season, which can mean only one thing — the weather is changing, and it’s changing rapidly. The weather isn’t the only thing that has been cooling down though — December live cattle futures dropped significantly over the past week, as Anne Wasko, of the Gateway… Read More
If you’re new around here, the Beef Market Update’s goal is to provide the most current information on beef exports, pricing, carcass weights, and boxed beef prices. Every second Friday, Anne Wasko of the Gateway Livestock Exchange joins us to cover what’s happening in markets both in Canada and the U.S. This week, U.S. trade… Read More
The U.S. Cattle Transparency Act introduced this year seeks transparency for our southern neighbour’s cattle market by mandating large-scale meat packers — those that slaughter over 125,000 cattle per week — to flow through the cash market, instead of alternative marketing arrangements. An earlier iteration of the bill included a 50:14 rule, where 50 per… Read More
Chop and grind in the markets isn’t really the kind of headline you want to hear for the beef markets, but maybe chop and grind means good things for prices. “U.S. markets trading about a buck higher than how they closed the end of last week, so $103, $104 in the north, heading the right… Read More
The fed cattle market is off a bit, but that’s no surprise as we’re getting closer to flipping the season to fall, and as September rolls around. For this week’s Beef Market Update, Anne Wasko, from Gateway Livestock Exchange, joins us this week from a bit of vacation time on the west coast before the fall… Read More
When we last heard from Anne Wasko of the Gateway Livestock Exchange — about three weeks ago — demand was looking pretty good, and looking into the future, it looked exceptional. Now, sitting in the future, we can safely say demand for beef is working its magic, and working at a strong pace. “It’s been… Read More
Back in February, the opportunity for pork and beef protein exports from North America to China was so promising. The potential vacuum of demand for proteins after African swine fever (ASF) outbreaks in the Chinese pork industry could have been filled by North America, but COVID-19 has thrown a wrench in the whole prospect. “The… Read More
It’s the last Friday of July, and the summer is just continuing to roar along. If you’re in Western Canada, you know it’s hot hot hot. Currently in the beef markets, there is a lot of discussion surrounding where we are at for demand for proteins. We’ve got some economic headwinds, and we’ve got issues… Read More
The United States Department of Agriculture (USDA) released its cattle on feed report for July 1st, and it fell closely in line with expectations, limiting any attempt at the market to be shocked. August Live cattle finished the day up at $0.475, and the week down $1.95, to close at $101.325. #Cattle on Feed Report:… Read More
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