There’s a lot of ground to cover in this week’s Beef Market Update, including price activity, cut-out value, demand, cash prices, and more. Anne Wasko of Gateway Livestock Exchange joins host Shaun Haney to break down all these topics. In the U.S., prices are still doing a see-saw action and the market’s held on remarkably… Read More
The Alberta government is partnering with the Canadian Cattlemen’s Association, Alberta Beef Producers, and Alberta Cattle Feeders’ Association to undertake a competitiveness study that will provide strategic insights and data for the beef cattle industry. Announced July 14, Minister of Agriculture and Forestry Devin Dreeshen says that collaborating with industry is vital to growing and… Read More
If you’ve been following the cattle markets, you’ll know that this week the Alberta fed cattle market lost some ground. This kind of behaviour is not exceptionally strange for a July cattle market, says Anne Wasko of the Gateway Livestock Exchange in the latest episode of the Beef Market Update. However, the market lost another… Read More
On previous episodes of the Beef Market Update, you’ve heard Anne Wasko of the Gateway Livestock Exchange talk about the cattle hangover that is going on in the fed cattle market. Well, we’ve got some good news: we are on our way out. Wasko says although the U.S. is getting on its feet too, the… Read More
Several converging factors are putting the squeeze on the cattle value chain and industry dynamics, and the recent cyber attack on JBS has added another layer of disruption to an already stressed system. JBS announced the hacking, possibly Russian in origin, earlier this week. The cyber attack meant the company ceased slaughter in several plants,… Read More
The disconnect between the cutout value and the fed cattle cash market has continued to frustrate producers in Canada and the U.S. South of the border, the temperature is rising for politicians to grasp some political will, while in Canada the volume has been much quieter on the matter. With the choice cutout reaching US$330… Read More
It’s been another steady week for cash cattle trade in both the U.S. and Canada. Anne Wasko of the Gateway Livestock Exchange says that in the U.S., trade has been at $118-$119, and around $187-$191 dressed, while the storyline from previous weeks for cutout values continues. “Choice closed last night at $330 USD, which is… Read More
An important step forward was taken May 27 for the Canadian beef industry, as the World Organization for Animal Health (OIE) recognized Canada as negligible risk for Bovine Spongiform encephalopathy (BSE). “The recommendation by the OIE’s Scientific Commission to grant Canada negligible risk status for BSE is a historic closing of the BSE era for… Read More
As beef demand has been strong, both domestically and in the export market, ranchers and feedyards are struggling to find strength in the fed cattle market. While the choice cutout reached $324.18 this week and packer profits have surged, the fed cattle price has not lifted in the same manner, leaving feedyards frustrated. While packers… Read More
When it comes to summing up this past week in the beef market, Anne Wasko of the Gateway Livestock Exchange says there are two stories to look at when it comes to the cash market. In the U.S., the cash market didn’t really come up, unfortunately — it’s still sitting around that $119 mark. However,… Read More
How about those cattle markets? Everything is on the move and demand is there, but getting the cash back to the producers at the end of the day has been tricky. To break it all down on this RealAg LIVE! host Shaun Haney is joined by Brian Perillat of CanFax. Don’t miss a new RealAg… Read More
If you’re a cattle feeder who’s been following the value of the Canadian dollar, you’ll know it’s not moving in the right direction for people in the export market. Combine that with rising feed costs and the price of feeder cattle, the input costs for the feeder are not headed toward higher profitability. Lethbridge barley… Read More
This cattle market is something right now, to say the least. Demand has been fantastic — exports are strong, and domestic consumption is there, and yet it’s not making its way back to the primary producer in terms of pricing, creating a frustrating situation for feeders. Anne Wasko of the Gateway Livestock Exchange says that… Read More
A bill reintroduced by two U.S. senators on March 24 would see U.S. meat processing facilities — those that slaughter over 125,000 head of cattle each year — purchase 50 per cent of their weekly volume of beef slaughter in the open or “spot” market. Further, these animals would need to be processed within 14… Read More
A lot is happening in the beef business right now, but we’re going to start off this week’s edition of the Beef Market Update with what is top of mind for many producers: revenue. Anne Wasko of the Gateway Livestock Exchange says the U.S. cash trade has been steady this week, but it follows on… Read More