It’s the early days of 2021, but we’re hoping for a great year in the beef markets. Will that be the case? Anne Wasko of the Gateway Livestock Exchange says although we are are off to a bit of a slow start, the futures market is telling us change is coming. Markets are in what… Read More
Category: Meat Markets
Each year, Shaun Haney asks Anne Wasko of the Gateway Livestock Exchange what wishes she’d grant for the cattle markets if she could. (Don’t look back at what she wished for 2020, who could have predicted 2020?) If Santa is in the business of delivering some big-picture gifts for 2021, here’s what Wasko wants: Better… Read More
It’s been a mild December so far across the country, and although we will need some more moisture on the ground before the spring, most are sure enjoying it right now. Anne Wasko of the Gateway Livestock Exchange couldn’t agree more. And although the weather may be making us happy, the cattle market has been tough… Read More
September beef export trade data is in, and, following a good July and August, the numbers are a bit disappointing. “We’ve been talking about trade a lot because we know both the U.S. and Canada have a pile of beef that we need to get through, and obviously export markets are an important piece of… Read More
To say the futures market took a bit of a nosedive this week would not be an exaggeration. It has, however, been doing its best to try to recover some of those losses. Anne Wasko of the Gateway Livestock Exchange says in the latest Beef Market Update that the moves have been very volatile lately…. Read More
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