Seasonality is a big part of the conversation in this week’s Beef Market Update with Anne Wasko of Gateway Livestock Exchange. In the last few years, the markets have been trending towards higher prices; however, as we start to steady out we are likely to start seeing a little more seasonality return to the cattle… Read More
Category: Meat Markets
Markets this week are ending the summer in a downward trend with both the U.S. and Canada having a down week in the cash, cattle, and wholesale markets. In the States, live, dressed and choice cutout all came in steady or lower. Labour Day buying is done and going into September it is back to… Read More
Live cattle trade in the south was quieter this week, and prices drifted lower says Anne Wasko of the Gateway Livestock Exchange, in this edition of the Beef Market Update. While trade has been quieter, there’s still plenty to discuss about what’s happening in the beef and cattle markets both in the U.S. and Canada…. Read More
Over 40 per cent of Ontario’s beef farmers that access the Feeder Cattle Loan Guarantee Program are under the age of 40, and that figure is part of the motivation behind the government significantly increasing the money set aside for the program and doubling the amount a producer can qualify for. Minister of Agriculture, Food,… Read More
The summer doldrums seem to be hitting the U.S. cattle markets this week, with trades coming in at around $2 less than last week, whereas the choice cutout held steady. While it may feel as though cutout is struggling a bit, Anne Wasko, of Gateway Livestock Exchange, reminds us in this week’s Beef Market Update… Read More
Depending on which side of the border you’re on, cut-out prices and placements drifted lower in the last two weeks, but stuck with seasonal trends, says Anne Wasko of the Gateway Livestock Exchange. U.S. on-feed numbers are expected to climb by about 3 per cent year over year based on June data, while cash markets… Read More
It’s grilling season and feed prices are down. Now that we’ve got the two positives out of the way, it’s time to talk tough realities for the hog market. Christine McCracken, executive director animal protein for Rabobank, says cooler weather in the hog-producing areas of the U.S. has meant heavier hogs coming to market. Combine… Read More
It was a busy holiday week for BBQs both in Canada and the United States. The holidays, combined with a plant closure in Kansas, all amount to less beef being processed this week. While there wasn’t a report from USDA on Thursday, markets closed Wednesday night with choice cutout at six and a half dollars… Read More
A mid-week U.S. holiday this week didn’t affect beef kill but closed futures and packers wanting to dial markets back from last week’s new cash high combined for slower trade for beef markets. In this week’s Beef Market Update, Anne Wasko with the Gateway Livestock Exchange, says cattle feeders want to keep the momentum rolling… Read More
The strike at Cargill’s beef processing facility at Guelph, Ont., is nearing the two-week mark, forcing cattle to be marketed elsewhere in and outside the province. Around 960 workers at the Cargill facility, which can processes around 1,500 head of cattle per day and represents between 75 and 80 per cent of Ontario’s beef processing… Read More