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
This week’s Beef Market Update might be the most positive report we’ve posted in three very long months. In this week’s episode, Anne Wasko of the Gateway Livestock Exchange joins Shaun Haney to catch up on the early summer numbers ahead of a holiday weekend. To start off in the green, Canadian slaughter data for… Read More
Looking back even just six weeks ago, few would have thought it would be possible to be back at the cattle processing levels that we currently are in Canada and the U.S. Anne Wasko, of the Gateway Livestock Exchange, says that many changes have occurred over the past few weeks during the face of COVID-19…. Read More
As RealAgriculture’s Shaun Haney puts it: the interesting, fascinating beef market continues. Currently, there’s huge separation between the June live cattle futures and the cash price, with many taking bets on how that gap closes. Bulls believe there is pent-up demand while bears see a weak economy and restricted demand for the most expensive cuts,… Read More
Live cattle futures have been slowly chipping way at the drastic declines experienced earlier this year due to COVID-19. In the last 30 days, the June cattle future has climbed $15.45 to just under $100. At its lowest point, in early April, the June future was $76.60. With U.S. cash trading between $115 and $120… Read More
There is no shortage of issues to discuss in the ag commodity complex, and our latest edition of RealAg LIVE! is here to cover the latest in market news, and answer everything you’re wondering regarding the futures. On this Thursday edition of RealAg LIVE!, host Shaun Haney is joined by Zaner Ag Hedge’s Chief Ag… Read More
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