We’re kicking off the Beef Market Update with likely the most positive-sounding Anne Wasko we’ve heard since last spring (it’s not her fault, dem cattle markets, you guys). Kelvin Heppner steps in for Shaun Haney in this latest look at beef and cattle prices across Canada and into the U.S., and Wasko can’t help but… Read More
Category: Meat Markets
President-elect Donald Trump says he plans to spend part of his first day in the Oval Office issuing a notification of intent to withdraw the U.S. from the “potential disaster” that is the Trans-Pacific Partnership. Trump has spoken in favour of bilateral deals, and possibly got a jump on one with Japan by meeting Prime… Read More
It’s Agribition week in Regina, and Shaun Haney is there to take in all there is to see (and smell!). He managed to eek out enough time to catch up with Anne Wasko, of Gateway Livestock Exchange, for another edition of the Beef Market Update. Wasko starts with the recent USDA cattle on feed report that ended up… Read More
The US cattle on feed report came out this afternoon. As feeders, ranchers and long traders are looking for reasons for a higher market next the week of November 21st, this report will leave them with limited answers on market direction. Read the USDA Report Anne Wasko describes the report: Today’s U.S. Cattle on Feed report… Read More
In the last month, live cattle prices have finally stabilized and it’s welcome relief for everyone in the cattle business. Fundamentally, what is supporting this stability? According to Anne Wasko, with Gateway Livestock, there are tighter cattle supplies, cattle feeders are current, carcass weights are lower than a year ago for the first time since… Read More
Live cattle cash prices have been in the 2016-version of free fall, and many producers have been challenged trying to understand why prices at the grocery stores have not followed suit. As demand concerns rise, speculation is that beef prices in Canada must eventually fall to increase sales at the meat counter. In this week’s… Read More
While there have been a few days lately where cattle values have ended the day in the green, the trend is still headed lower. And quickly. Cattle futures are now at levels we haven’t seen since the fourth quarter of 2010. “We haven’t been here for a long time. We really weren’t expecting these levels this… Read More
With every bounce off of a new low in the cattle market, there’s hope prices have finally bottomed out. October live cattle futures in the U.S. have recovered by $7-8 in the last week, after dropping to around the $100 mark in the first week of September. “Hopefully we can look back, and I know… Read More
A frustrating summer has come to a head over the last few weeks, as already-weak cattle prices are on a streak lower. Cash prices in the U.S. have fallen to $110 per hundred weight, notes Anne Wasko of Gateway Livestock. “That’s the lowest they’ve been in five years, and that’s five bucks off of last… Read More
Cattle markets will likely continue to trend lower, although at a slower rate than we saw for much of 2015 and early 2016, according to the senior analyst with Canfax. “We’ve been through such a massive adjustment here, I think the bulk of the pain is over,” says Brian Perillat in this interview at the Canadian… Read More
The inaugural Canadian Beef Industry Conference is underway in Calgary, Alberta this week, and this morning, RealAgriculture’s Shaun Haney and Gateway Livestock’s Anne Wasko took the opportunity to film a Beef Market Update in-person, in our studio on the trade-show floor. The duo started off talking about some of the good news in the industry, how we’re… Read More
With fat cattle prices in Alberta $40 lower than they were a year ago, the view from where the cattle feeders will be sitting come this fall’s sale season will look different than it did in 2015. “Estimated losses in July for cattle finishing in Alberta on a spot-to-spot basis are about $350 to the… Read More
A big spike in the United States’ live cattle cash market left producers hopeful late last week. “In the south — down in Texas, Kansas — we had the market up three dollars, to $1.28 US,” explains Gateway Livestock’s Anne Wasko, in this week’s Beef Market Update (included below). “And the northern markets — Nebraska, Colorado,… Read More
Earlier this week, Brian Perillat, senior analyst with Canfax, joined Shaun Haney to talk about the May 1 cattle report. The report, published Sunday, showed on-feed numbers in Alberta and Saskatchewan up 8%. What caused the bump? “As Brian alluded in that last interview, the cattle that didn’t go south — the feeder cattle last fall… Read More
The number of cattle on feed in Canada is continuing to grow, according to the May report from CanFax. Part of the reason numbers are climbing, senior analyst Brian Perillat explains, is more heifers are going into feedlots. “We always gauge that as an appetite for expansion and unfortunately it still looks like quite a few heifers… Read More