Category: Meat Markets

Beef Market Update: Impressive exports and a sense of settling down

While much of the focus on beef has been on international negotiations, Gateway LIvestock’s Anne Wasko brings the numbers a little closer to home, in the Beef Market Update with host Shaun Haney. The United States saw great numbers for October exports, says Wasko, with “beef was up 13 percent from a year ago, pork… Read more »

Beef Market Update: A flavour for strong beef demand

There’s a flavour for strong beef demand in the country, says Anne Wasko, market analyst with Gateway Livestock, which has producers feeling good about market positioning. Last week’s slaughter report showed a 6.3 percent increase in animals killed in federally inspected plants in Canada, when compared to last year at this time. It’s good news… Read more »

Beef Market Update: Market proving itself after bearish Cattle on Feed report

Last week’s Cattle on Feed report, published by the United States Department of Agriculture, listed a 4 percent increase in cattle and calves on feed for the slaughter market, when compared to September 1, 2016. In August, placements totalled 1.93 million head, up 3 percent from 2016. “There was a bearish surprise to the placement,”… Read more »

Beef Market Update: Rising loonie pressuring cattle prices

A changing supply environment has the second half of 2017 shaping up much differently for cattle markets than the first. “Already things are changing. If you’re in Canada, you’re well aware — and we’ve talked about this all year long — we’ve been in this strong basis environment where Canadian prices, because we’re tight on… Read more »

Cargill, McDonald’s & Swiss Chalet to pay producers for beef program participation

McDonald’s, Swiss Chalet and Cargill have committed to funding a pilot project that is designed to pay cattle producers a financial incentive for producing beef that meets verifiable sustainability standards. The “Canadian Beef Sustainability Acceleration Project” was soft-launched at the recent Canadian Beef Industry Conference in Calgary. It will begin in October, with the first… Read more »

Global cattle herd to see metered growth into 2019

The expansion cycle in the cattle markets can tend to be a bit of a rollercoaster, and it’s not always easy to tell where we are at on that ride. Don Close, animal protein analyst with Rabobank, says in his opinion, the current US cattle market is still on the upward rise. “We think we… Read more »

USDA Cattle on feed report for Aug 1 shows lower placements

On Friday the USDA released its Cattle on Feed report which provided some clarity on the placement number heading into the fall run. Anne Wasko had the following commentary – “Aug 1 U.S. Cattle on Feed Report was called neutral from guesstimates we talked about in Friday’s Beef Market Update.  I was actually expecting the… Read more »

Beef Market Update: Cash drops again this week as futures hope to find bottom

Unfortunately cash dropped again this week which is making things frustrating for cattle feeders.  In the last three months the December live cattle future is down 7.22% and is 10.52% off of the highs. Cash dropped another three dollars this week after losing five dollars the week before. On Friday, the the December contract closed… Read more »

U.S. and Canadian beef groups still clamouring for TPP

Even though NAFTA negotiations are underway, TPP is still vitally important if Canada and the US want to expand exports.  President Trump removed the United States from TPP shortly after his inaugaration, which has caused some of the remaining eleven TPP countries to do some soul searching. Canada has been searching for its own identity… Read more »

Volatility leads the way heading into the thick of the fall run – Brian Perillat, Canfax

As Canadian ranchers and feeders head into the the thick of the fall run there are many variables that come into play.  Fluctuations in export demand, the Canadian dollar, futures prices, weather, trade, and feed costs are all hanging over how great of a fall it will be for producers. At the Canadian Beef Industry… Read more »

Interest rate increases coming to Canada and the impact of trade talks on the Canadian economy

The Canadian economy has been healthy as of late, which has many farmers with higher debt levels somewhat concerned about interest rate increases in the near future. Farmers have enjoyed a low interest rate environment for quite some time, but the reality is – the Bank of Canada has some some decisions to make. Additionally… Read more »

Japan to increase tariff on frozen beef imports from Canada and the United States to 50%

Starting August 1, 2017, Japan has triggered a safeguard to increase the tariff on its frozen beef imports from countries that it does not have a free trade agreement with.  Increasing the tariff on frozen beef imports from 38.5% to 50% will impact Canada and the United States and not Australia, Chile and Mexico who… Read more »

RealAg Markets: Second day of red all over the screen

The markets continued their strong bearish tone as grains and oilseeds pushed lower across the board for the second day in a row on Tuesday. On Monday, one excuse was that Friday’s bearish cattle on feed report sparked a push to sell. Expected rains in the U.S. midwest later this week have certainly driven some… Read more »

No positive surprises in July U.S. Cattle on Feed report

If you were looking for the the July 1 USDA cattle on feed report to shock the market to the higher side, it did not deliver. Overall, cattle on feed in the United States were up 4 percent compared to a year ago, with heifers and heifer calves on feed up 11 percent compared to… Read more »

Nilsson Bros. to buy back Lakeside feed yard from JBS

JBS has announced a deal to sell Lakeside Feeders at Brooks, Alberta back to its previous owner, Nilsson Bros. JBS Food Canada Inc, the Canadian subsidiary of the scandal-plagued Brazilian meat industry giant, announced on Friday that it has an agreement to sell its 75,000 head feed yard and adjacent farmland to MCF Holdings, a… Read more »