It’s Thursday, and as we head into the Easter long weekend, we’re doing the Beef Market Update a day early. To start off, Anne Wasko of the Gateway Livestock Exchange says she has better news to report than two weeks ago based on the cash price — which seems to have some solid footing for… Read More
Many cattle feeders may be describing this year as one of the most disappointing cash markets they’ve seen in a long time, especially given the demand that is out there right now. “Stuck” is the word host Shaun Haney is using to describe it, while Anne Wasko of the Gateway Livestock Exchange is using “frustrating”… Read More
It’s time for another Beef Market Update, and since StatsCan recently released the January 1 numbers, we’re going to focus on inventory today. Anne Wasko of the Gateway Livestock Exchange says that there wasn’t really anything of surprise in the numbers, as the pattern of a contracting beef cow herd in Canada continues. “We did… Read More
After closing for 14 days due to a COVID-19 outbreak among employees, Olymel is resuming operations at its pork processing plant in Red Deer, Alberta starting on Thursday, March 4. With support from Alberta Health Services, the company says slaughter operations will resume on Thursday, with cutting room operations beginning on Friday. The company says… Read More
Olymel has temporarily closed its hog slaughtering, cutting, and deboning plant at Red Deer, Alberta. “Despite the testing protocols and sanitary measures already in place, as well as the close collaboration of Alberta Health Services to deal with a resurgence of positive cases of COVID-19 among plant employees, Olymel management believes that the conditions are… Read More
At least six commercial hog producers in Alberta are advocating for reducing pig production in the province to pressure processors to change how animals are priced. The group met with Alberta Pork’s board of directors and staff last week to discuss their proposal to cut production, and to determine where the provincial organization stands on… Read More
There were big numbers in the beef market this past month for pricing, carcass weights, and harvest rates. Anne Wasko of the Gateway Livestock Exchange breaks it down for us in this Beef Market Update. As Wasko explains, the U.S. cash side of the market is a little higher again this week, landing at $114/cwt… Read More
It’s no surprise that African swine fever (ASF) is continuing to impact pork production in Asia and Europe, as well as global trade flows. COVID-19 continues to impact the entire supply chain too, from producers all the way to consumers. However, there may be some good news here, as Rabobank is predicting demand to rebound… Read More
We’re starting this Beef Market Update off on a positive note: retail demand. Retail sales are looking really strong as we head into the last week (?!) of January — and about a month out of the holiday season, notes Anne Wasko of the Gateway Livestock Exchange. As she explains, there is usually a bit… Read More
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
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