Late last month, Canada became the fifth country to ratify the CPTPP. Australia then ratified shortly thereafter, triggering the 60-day countdown to this international trade deal moving to implementation. CPTPP has huge potential for Canada’s beef industry, says John Masswohl, director of government and international relations for the Canadian Cattlemen’s Association. “The clouds have parted and we… Read more »
Category: Meat Markets
Beef Market Update: Futures markets looking for direction as fall run winds down
On the verge of winter, ranchers are in full winter prep mode, feedlots are full, and Canadian packers are going at full steam. Cash markets, however, are a little light on action, and to talk about what that’s about, RealAg Radio host Shaun Haney checks in with Anne Wasko, with Gateway Livestock Exchange. In this edition… Read more »
Beef Market Update: Cattle on feed, big exports, and seasonal price dips
Year-to-date Canadian beef exports are up about 4%, and that’s just some of the good news Anne Wasko, market analyst for Gateway Livestock, has for us in this mid-October edition of the Beef Market Update. Occasional host Lyndsey Smith and Wasko cover the most recent cattle on feed numbers for both Canada and the U.S…. Read more »
Beef Market Update: A strong fall run, attractive retail prices, and full feedlots
The fall calf run is rolling and prices have been steady, and sometimes steady is really good. For five months or more, prices have held strong bucking the trend of somewhere during the calf run we stub our toe, either because of weather or logistics or some other issue. What’s more, says Anne Wasko, of… Read more »
Beef Market Update: Solid demand expected to continue
The U.S. report for cattle on feed for September first was six per cent higher than a year ago according to Anne Wasko, of Gateway Livestock. And that’s something, as it was a bit bigger of a number than what the industry was expecting. “It’s because the August placement number was up seven per cent from… Read more »
Canadian Pork Council looks for price support as hog markets drift lower
Although the majority of recent NAFTA 2.0 talks have been focused on Canada’s dairy farmers, the pork industry is feeling the pinch when it comes to prices. As the Canadian Pork Council (CPC) points out in a recent news release, pigs are being sold at prices 30 per cent lower than this time last year,… Read more »
Beef Market Update: Trade exports still rockin’!
July was a strong month in the beef market both for the U.S. and Canada according to Anne Wasko, market analyst with Gateway Livestock Exchange. “On the U.S. front, strong pork and beef exports continue to be the story,” she says adding that in July alone, beef exports from the U.S. to the rest of the… Read more »
Beef Market Update: A lot of mouths to feed
You might be forgiven for thinking that every fall is the same when it comes to cattle leaving the summer range and heading off to the auction ring. Every fall is different and every fall farmers study the markets to see how they can best react to what they see coming up. Anne Wasko, market… Read more »
Beef Market Update: Anticipating an early fall run
Excessive heat has taken its toll on pastures, hay supplies, and water consumption for cattle, and while this may not be a big market issue today, Anne Wasko, of Gateway Livestock, says that these factors will mean an earlier, stronger fall run. That’s just one of the topics discussed in this week’s Beef Market Update…. Read more »
Beef Market Update: Quiet trade week as we get closer to the halfway point of summer
As our beef market expert Anne Wasko puts it, ‘It was the dog days of summer —but for the beef industry’ last week. It was a quiet trade week, and the cattle that did trade looked about $2 lower than the average price this year — however, it’s not a big surprise due to the… Read more »
USDA Cattle on Feed report hints at need for continued consumer demand
The latest USDA Cattle on Feed report shows once again that the “wall” of cattle was not an unreasonable description. Thankfully, sustained consumer demand has helped greatly. The June report met expectations and further confirms what a bulk of analysts have been talking about the entire 2018 marketing year. Anne Wasko, with Gateway Livestock Exchange… Read more »
Two buyers for every lamb: challenges and opportunities in the sheep industry
Canada imports more than half the lamb it consumes, which spells opportunity for our sheep farmers, but that opportunity isn’t the easiest to capitalize on. In the interview below, Marc Carere, vice chair of Ontario Sheep Farmers, talks to Shaun Haney about the tremendous amount of potential — but also incredible challenges —of this still-maturing… Read more »
Beef Market Update: Live cattle futures hold following cash price recovery
When the live cattle futures are limit up, it’s a good day for cattle feeders. In these turbulent trade war times, any of the commodities will take a positive day. Cattle futures have been somewhat separated from the downward swing of soybeans, lean hogs, and wheat, but sometimes commodities are guilty by association. The table… Read more »
Beef Market Update: Lower cash trade and loonie, but strong exports
Through the spring of 2018, we have talked about several common themes for the cattle markets that impact the fundamentals of this market. Even though Live Cattle futures finished up over $2 on Friday, the trade has been quite choppy, which gives traders little confidence that we are headed higher from here. Here is a… Read more »
Beef Market Update – Strong beef demand, lower carcass weights, and the wall
It has been a busy week in the cattle markets, as Canada and the United States are on the brink of a trade war that we would not have imagined a year ago. Much of that is out of the control of feedyard owners and ranchers, but the impacts will most certainly be felt, depending… Read more »