Beef markets are struggling for reasons beyond the usual annual low, as they search for information on when Tyson’s Kansas plant will be back up and running. South of the border, markets have continued lower for the last six weeks, with cut-outs backing off (but still way over a year ago), due to perceived disruption… Read More
This week’s Beef Market Update starts with one central question: What is going on with this cash market? Anne Wasko, of the Gateway Livestock Exchange, joins RealAg Radio host Shaun Haney to help answer this question, because, as Haney notes, many are disappointed with where the market is currently sitting. Wasko says that the impact… Read More
Canada Beef has launched an export market development (EMD) program aimed to stimulate market development activities and grow market segments in an effort to increase Canadian beef in the export market place, says president Michael Young. “It’s a new program that our committee just approved three weeks ago now, and what it does is it… Read More
It’s been a busy week in the beef markets, impacted largely by growing North American beef and pork supplies, spotty feed availability, and the August 9th fire at Tyson’s beef processing plant in Kansas. Regular RealAgriculture guest Anne Wasko of the Gateway Livestock Exchange spent some of her week in Calgary, at the Canadian Beef… Read More
Canada’s food retailers have been looking to reduce competitive price wars — but it’s not enough to ease continued food inflation. That’s market analyst Kevin Grier’s take on what’s happening across Canada’s food retail landscape. Earlier this week, Grier joined RealAg Radio host Shaun Haney to discuss his latest Grocery Trade Report and says grocery retailers may… Read More
In addition to maintaining or improving current trade relations, the Canadian Cattlemen’s Association (CCA) is also focused on diversifying beef exports. However, the work comes with challenges. Back in June, China had requested Canada to hold off its export certificates to the country. Since then, the Canadian Food Inspection Agency (CFIA) has submitted the technical… Read More
Ontario’s minister of agriculture is asking — again — that the federal government move on with resolving large-scale trade issues with China, and that the feds provide compensation for the meat sector in the meantime. Following up on a request made in early July and post-federal-provincial-territorial (FPT) meeting of agriculture ministers at Quebec City, Minister… Read More
The calendar has flipped into August and cattle producers are looking forward to the fall yearling and feeder run. During the past week, live cattle struggled to gain momentum but ended up fairing better than lean hogs in the face of heavy selling of pork futures. There is a lot of pressure on hogs due… Read More
The Ontario Independent Meat Processors (OIMP) will be diving more into the issue around labour shortages along with market access in a three-part initiative. Recently, OIMP received money from the Canadian Agricultural Partnership and will be using it to explore and identify what’s holding back the industry when it comes to expanding their markets. “Labour… Read More
Canada Pork International (CPI) has received $6 million from the federal government to grow its pork exports in priority markets. “AgriMarketing funding is fundamental to Canada Pork International programs and services. It supports CPI’s growth and demand building programs globally as well as the sales development efforts from our members,” says Martin Lavoie, president, and… Read More
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